Location: Mingo County, WV | Metro: Mingo County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 25685, located in Mingo County, WV metro, reveals a unique set of conditions that impact both cash flow and investment strategy. The HUD Fair Market Rent (FMR) for the area, effective in fiscal year 2026, is set at $970. This figure serves as the benchmark for rental rates under the Section 8 program.
Unfortunately, the current market rent data for ZIP 25685 is unavailable, making it challenging to directly compare the HUD FMR against prevailing market rates. However, based on historical trends and the economic context of the region, it's reasonable to assume that voucher tenants will likely cashflow at the FMR rate, given the generally lower cost of living and housing expenses in rural West Virginia.
The median home value in the area is also not available, which complicates deriving an accurate rent-to-price ratio. Nonetheless, the absence of this data does not significantly detract from the analysis, as the primary focus for Section 8 investors should be on rental income rather than property appreciation.
The days on market (DOM) and the percentage of price cuts are not provided, but these metrics would typically influence the decision-making process for investors considering whether to buy or rent properties. In the case of ZIP 25685, the strong cash flow potential at the HUD FMR rate makes renting a compelling option, especially for those focused on generating steady passive income.
The strongest investor angle in ZIP 25685 is cash flow. Given the $970 FMR rate, landlords can expect to cover their mortgage payments, maintenance costs, and other expenses while maintaining a positive cash flow position. This stability ensures a reliable source of income without the need for significant property upgrades or waiting for appreciation in property values.
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.