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 |
To profile ZIP code 25710 in Unknown, WV, as a Section 8 tenant pool, we must first acknowledge that specific demographic details such as population size, percentage of renters, and median household income are currently unavailable. However, we can still assess the potential demand for rental properties among tenants using housing vouchers.
The absence of detailed income data makes it challenging to directly correlate local income levels with market rents. Nonetheless, it's crucial to understand how the Fair Market Rent (FMR) compares to typical rental costs in the area. For fiscal year 2024, the FMR for ZIP 25710 is set at $950. This figure serves as a benchmark for landlords who might be considering accepting Section 8 vouchers.
In areas where voucher usage is prevalent, landlords often see a significant portion of their tenant pool consisting of individuals and families relying on government assistance for housing. The scarcity of local income data prevents us from calculating the exact percentage of income spent on rent, but typically in regions with high voucher utilization, the rent consumes a smaller proportion of a tenant's income compared to areas without such programs.
Given the lack of comprehensive data, we can infer that if the ZIP code has a high concentration of renters and low median incomes, it would likely support a strong demand for Section 8 vouchers. Conversely, if homeownership dominates, voucher usage might be less frequent, leading to a smaller pool of potential Section 8 tenants.
A landlord in ZIP 25710 should anticipate a tenant base that includes those who rely on housing vouchers to meet their monthly rent obligations. These tenants will generally have their rent capped at the FMR level of $950, which could be advantageous for maintaining consistent cash flow. However, landlords must also be prepared for the administrative requirements associated with accepting vouchers, including regular inspections and compliance with HUD standards.
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.