Location: Mingo County, WV | Metro: Mingo County, WV
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $53,212 | 1.97% | A+ |
| 3BR | $1,250 | $80,303 | 1.56% | A+ |
| 4BR | $1,520 | $116,962 | 1.3% | A |
U.S. Census Bureau data (2024)
The real estate market in Chattaroy, WV (ZIP 25661), is poised for a nuanced period ahead, driven by several key indicators. The median home value stands at $76,760, a figure that reflects the affordability and potential value appreciation in the area. However, the lack of data on the percentage of listings being reduced and the median days on market (DOM) suggests a stable market without significant fluctuations in recent sales activity.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $980. This contrasts sharply with the current market rate of $504 according to Census ACS data. This gap indicates a strong potential for rental income growth, as the actual rents are significantly below the FMR. Landlords and small-portfolio investors should prepare for gradual increases in rental rates as the market aligns with the projected FMR.
The setup implied by these figures points to a market where long-term hold investors can benefit from both property value stability and the prospect of rising rental incomes. While the median home value does not suggest rapid appreciation, the disparity between the FMR and current market rents signals a favorable environment for those who can afford to wait for rental rates to catch up. This scenario supports an investment strategy focused on generating steady cash flow rather than speculative gains from flipping properties.
Moreover, the low median home value combined with the potential for higher rental yields can attract first-time buyers and tenants seeking affordable housing options. For landlords, this means a robust demand for rental properties, especially if they can offer homes at or near the current market rate while positioning for future increases.
In summary, the Chattaroy, WV market presents a balanced opportunity for long-term investors. The stable median home values and the significant gap between current rents and the projected FMR create a scenario where maintaining properties and gradually adjusting rents can yield positive returns. This approach avoids speculative predictions and focuses on leveraging the existing market conditions to secure a solid investment position over the next 12-24 months.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.