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 Section 8 market analysis for ZIP code 25714 in Unknown, West Virginia, focuses on the HUD Fair Market Rent (FMR) of $950 for fiscal year 2024. This figure represents the maximum amount that landlords can charge for Section 8 vouchers in this area. However, the current market rent data for the region is unavailable, which makes it challenging to directly compare the HUD FMR against actual market rates.
Based on the provided HUD FMR of $950, landlords can expect to achieve cash flow positive scenarios with their voucher tenants, assuming they have units priced at or below this benchmark. The exact level of profitability will depend on individual property costs, including maintenance, utilities, and mortgage payments, but generally, landlords should be able to maintain positive cash flow without needing premium units.
The median home value for ZIP 25714 is also not available, preventing us from calculating an exact rent-to-price ratio. Nevertheless, the lack of such data suggests that the rental market may be more prominent than the home ownership market in this area, potentially indicating a strong demand for rentals.
With no available data on the number of days on market (DOM) or the percentage of properties requiring price cuts, it's difficult to assess the precise rent-versus-buy dynamics. However, the absence of these metrics could imply a stable rental market where tenants are more likely to seek rental properties over purchasing homes.
The strongest investor angle in ZIP 25714 is likely cash flow, given the ability to receive a guaranteed income through the Section 8 program at the HUD FMR rate. While appreciation and stability are important factors, the predictability and security of monthly rental payments backed by the government make cash flow the most compelling reason for landlords and small-portfolio investors to consider this area.
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.