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 analysis of ZIP Code 25637 in Mount Gay, WV, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for a metro area in fiscal year 2026 is set at $950, while the market rent, as reported by the Census ACS, stands at $921. This means that the FMR is $29 higher than the market rent, representing a 3.15% increase.
This situation makes ZIP 25637 a prime location for landlords and small-portfolio investors seeking to maximize yields. With the FMR above the market rent, voucher tenants can effectively subsidize the difference, ensuring a steady and reliable income stream. However, it also highlights the cost of housing voucher tenants below open-market rates. Given the median household income of $51,926, landlords must consider the potential financial burden of accepting voucher tenants who may not cover the full market rent.
The rental market in ZIP 25637 is heavily influenced by its demographic characteristics. With 25.3% of residents being renters, there is a notable demand for affordable housing. Although the median home value is not available, the median income figure suggests that many residents rely on subsidies such as housing vouchers to afford living in the area.
In conclusion, the gap between FMR and market rent in ZIP 25637 presents an opportunity for yield-focused investments, but also requires careful consideration of the costs associated with housing voucher tenants. The local economy, with its median income and rental demographics, underscores the importance of understanding these dynamics to make informed investment decisions.
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.