Location: Mingo County, WV | Metro: Mingo County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The median home value in ZIP code 25621 (Gilbert, WV) is $94,163. In comparison, the median home value as per recent data is $77,600. This suggests that the real estate market in Gilbert is relatively stable, with modest appreciation over time.
The HUD Fair Market Rent (FMR) for the Gilbert, WV metro area in fiscal year 2026 is set at $880. Meanwhile, the market rent based on Census ACS data is $777. Given these figures, landlords accepting Section 8 vouchers will likely experience positive cash flow at the HUD FMR, indicating that voucher tenants can cover the rent with a comfortable margin.
To derive the rent-to-price ratio, we use the median home value of $94,163 and the market rent of $777. This yields a monthly rent-to-price ratio of approximately 0.8%. While this ratio does not directly impact the decision to invest in rental properties, it does suggest that the local real estate market is affordable for both renters and buyers.
Note that the median Days on Market (DOM) and the percentage of price cuts are not available for Gilbert, WV. However, this lack of data does not significantly affect the analysis since the primary focus is on cash flow and stability.
The strongest angle for investors in ZIP 25621 is cash flow, given the positive difference between the HUD FMR and the actual market rent, ensuring a steady income stream from Section 8 tenants.
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.