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 |
$950 is the Fair Market Rent (FMR) for ZIP 25722 in Huntington, WV, for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher in this area. While the market rent and median home value data are currently unavailable, the FMR provides a reliable benchmark for rental pricing.
N/A is the current market rent for the area, indicating that there is no specific data available for comparison against the FMR. However, the FMR serves as a crucial guideline for landlords participating in the Section 8 program, ensuring that rents remain affordable for low-income families.
N/A is also the median home value for ZIP 25722, suggesting that detailed property value statistics are not readily available. Nevertheless, the FMR remains a key indicator for rental properties in the area.
N/A% is the renter share in ZIP 25722, meaning that the exact proportion of renters versus homeowners is not specified. Despite this, the FMR is a significant factor for those who rely on rental assistance.
N/A is the median income for the area, which is essential for understanding the economic context of potential tenants. The FMR is designed to align with the income levels of eligible participants in the Section 8 program.
N/A-day DOM (Days On Market) indicates that there is no data on how long properties typically stay on the market before being sold. This metric is important for assessing the local real estate market's health but is not available for ZIP 25722.
N/A% price-cut share suggests that there is no information on the frequency of price reductions for unsold properties. This lack of data makes it challenging to assess the competitive landscape for landlords and small-portfolio investors.
The Section 8 program in ZIP 25722 is stable, with a clearly defined FMR of $950. Landlords should adhere to this limit to ensure compliance and attract eligible tenants. Given the limited availability of other market data, reliance on the FMR is critical for setting reasonable rental prices.
Verdict: ZIP 25722 is suitable for Section 8 participation, with a clear FMR guideline ensuring affordability for tenants.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.