Location: Logan County, WV | Metro: Logan County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 25630 presents an interesting scenario when analyzed from the renter's perspective. Given the median income is currently N/A, it's challenging to determine the average household's ability to cover the market rate rent, which is also listed as N/A. However, we can still draw some insights based on the available data.
The Fair Market Rent (FMR) set by the Department of Housing and Urban Development (HUD) for metro areas in fiscal year 2026 is $870. This figure represents the maximum amount that a Section 8 voucher will cover for housing in the area. Considering the 7.9% of the total population of 279 are renters, the number of potential voucher holders is quite limited. This means landlords in this ZIP code face a relatively low competition from other landlords who might be accepting vouchers.
With such a small renter population, the affordability gap between the market rate and the voucher payment standard becomes a significant factor. If the market rate is higher than $870, which is likely given typical market dynamics, many renters would find it difficult to afford the difference without additional financial support. This could limit the pool of potential tenants willing or able to pay the full market rate.
For landlords considering their strategy regarding voucher acceptance, the key takeaway is clear. While the number of renters is small, accepting Section 8 vouchers can provide a steady stream of rental income at a guaranteed rate. This strategy reduces the risk of vacancy and ensures compliance with HUD standards, which can be particularly beneficial in a market where the median income data is unavailable, and the population size is small.
In summary, landlords in ZIP 25630 should consider the limited number of renters and the potential challenges in finding tenants who can afford the market rate. Accepting Section 8 vouchers can be a viable option to secure tenants and maintain consistent rental income.
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.