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 |
ZIP code 25708, located within the Huntington-Ashland, WV-KY-OH HUD Metro FMR Area, has a Fair Market Rent (FMR) of $950 for fiscal year 2024. This figure represents the maximum amount that landlords can charge for a rental property under the Section 8 program in this area. However, the specific market rent, home value, and renter share percentages for ZIP 25708 are not available.
To position ZIP 25708 within its metro area, we must rely on the given FMR and infer based on the typical characteristics of other ZIP codes within the Huntington-Ashland, WV-KY-OH HUD Metro FMR Area. The FMR of $950 suggests that it could be considered a value pocket within the metro area, especially if market rents are higher but not reported here. Value pockets are areas where the cost of renting under Section 8 is lower compared to the broader market, making them attractive for landlords who wish to participate in the program while still maintaining profitability.
The lack of data regarding market rent, home values, and renter share percentages makes it challenging to draw definitive conclusions about the overall economic profile of ZIP 25708. However, if we assume that the absence of a higher market rent figure implies that market rents are either similar to or slightly above the FMR, this would further support the idea that it is a value pocket. In such cases, landlords might find it easier to meet the FMR requirements without significantly reducing their income from market rates.
A high renter share percentage combined with below-metro average home values typically indicates a strong presence of Section 8 housing, which can be beneficial for landlords willing to work with the program. Since the renter share percentage is also not provided, we cannot definitively state whether 25708 fits this description. However, the low FMR alone can suggest that it may be an area where the demand for affordable housing is high, potentially attracting a higher number of Section 8 participants.
In summary, ZIP 25708 appears to be positioned as a value pocket within the Huntington-Ashland, WV-KY-OH HUD Metro FMR Area, due to its relatively low FMR of $950. This makes it a favorable location for landlords looking to balance participation in the Section 8 program with maintaining competitive rental income levels.
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.