Location: Lincoln County, WV | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP 25699 are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment is set at $920 per month for fiscal year 2024. This SAFMR is specifically tailored for this ZIP code, reflecting the local rental market conditions.
Local market rents in ZIP 25699 are currently unavailable, which makes it difficult to directly compare them with the SAFMR. However, the SAFMR serves as a benchmark for determining the maximum amount that the Housing Choice Voucher program will pay on behalf of eligible tenants.
A landlord participating in the Section 8 program receives a reimbursement based on the SAFMR, minus the tenant's portion of the rent and any applicable utility allowances. The tenant's portion is typically 30% of their adjusted income, and utility allowances can vary but generally cover part of the electricity, gas, water, and sewer costs.
To illustrate, if a tenant's portion is $276 (assuming an adjusted income of $920), and the utility allowance is $150, then the total reimbursement a landlord would receive from the voucher program for a two-bedroom apartment would be $920 - $276 + $150 = $794. This calculation shows the actual amount paid by the government and the tenant combined.
The reimbursement gap or surplus depends on the actual market rent of the property. If the market rent is higher than the SAFMR, there will be a gap between the market rent and the reimbursement. Conversely, if the market rent is lower than the SAFMR, the landlord might receive a surplus. Since the local market rent is not available, it's impossible to determine the exact gap or surplus for ZIP 25699.
In summary, landlords in ZIP 25699 should expect a reimbursement of approximately $794 for a two-bedroom apartment when a tenant uses a Section 8 voucher, assuming the utility allowance and tenant portion as described. This figure is based on the SAFMR and reflects the payment structure under the Housing Choice Voucher program.
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.