Location: Huntington-Ashland, WV | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
The ZIP code 25706 in Huntington-Ashland County, WV, presents a unique challenge due to the lack of comprehensive demographic data. The absence of specific figures for residents, rental percentages, median income, and median home values means that traditional analysis metrics are unavailable. However, the Federal Market Rent (FMR) for the area stands at $950 for the fiscal year 2024, providing a critical benchmark for voucher economics.
In the context of Section 8 housing, the FMR is crucial as it determines the maximum rent subsidy landlords can receive. Given the FMR of $950, landlords should ensure that their rental properties do not exceed this amount to remain competitive and attractive to tenants using vouchers. This figure is particularly important since it reflects the government's assessment of average fair market rents in the area, making it a reliable indicator for setting rent prices.
The voucher program in ZIP 25706 is significant for landlords and small-portfolio investors because it can stabilize occupancy rates and provide a steady stream of rental income. The FMR serves as a guide for pricing units to maximize participation in the program without overpricing the units beyond the reach of potential tenants.
Despite the incomplete data, the economic environment of ZIP 25706 appears stable, based on the consistency of the FMR. This stability suggests that landlords can rely on the voucher program to maintain a predictable income flow. However, the lack of detailed demographic information means that the overall housing market dynamics could be transitional, influenced by factors such as local job markets and economic trends that are not captured in the available data.
To conclude, while the specific demographic details are missing, the FMR of $950 provides a clear guideline for Section 8 participation. Landlords should use this figure strategically to attract voucher holders and maintain stable occupancy. The data signature leans towards a stable but potentially transitional market, requiring vigilant monitoring of local economic conditions.
Data Sources: FMR data from HUD (2027).
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.