Location: Mingo County, WV | Metro: McDowell County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP 25608 are renters, indicating a predominantly owner-occupied market. This statistic underscores the potential challenge for landlords seeking to enter this area, as the demand for rental properties is minimal. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $900, which is a critical figure for Section 8 housing voucher holders looking for suitable accommodation. Despite the low renter share, the $82,961 median income in the region suggests that there could be a segment of the population capable of affording higher rents, though this does not directly correlate to the demand for rental properties. The absence of data on market rent and median home value means we cannot compare these metrics to the FMR, but it's important to note that the lack of such data might indicate a sparse rental market or limited property transactions. With no available days on market (DOM) data, it's difficult to assess how quickly properties are rented out, but the 0.0% price-cut share implies that landlords who list their properties at fair market rates may not need to reduce prices to attract tenants. Given the low renter share and the specific FMR for the metro area, landlords in ZIP 25608 should carefully consider the potential for Section 8 tenants before listing their properties, as the market is not heavily inclined towards rentals. The verdict for Section 8 in ZIP 25608 is that while the FMR provides a clear guideline for pricing, the extremely low renter share makes it a challenging environment for landlords targeting this program.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.