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 25728 is located in Huntington, WV, representing a thriving suburban community with approximately 25,728 residents. This area has a median household income of $60,728, which is significantly higher than the state average. The median home value in the region is around $300,967, reflecting a competitive housing market.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 25728 is set at $950 for fiscal year 2024. However, the actual median rent in the area stands at $1,686, which is notably higher than the FMR. This discrepancy suggests that the local rental market is robust and potentially lucrative for landlords and small-portfolio investors.
Given the data, ZIP 25728 is well-suited for both hands-off voucher operators and hands-on value-add buyers. The higher-than-average income levels and competitive housing market indicate a stable tenant base capable of paying rents above the FMR. For those interested in a more active role, there are opportunities to improve properties and command higher rents due to the area's strong demand and favorable economic indicators.
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.