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 25772 in Unknown, WV, stands out due to limited data availability, which includes the number of residents, the percentage of renters, median income, and median home value. This scarcity of detailed demographic information can make it challenging for landlords and small-portfolio investors to assess the typical economic profile of the area.
Despite these gaps, the Fair Market Rent (FMR) for ZIP 25772 has been established at $950 for the fiscal year 2024. This figure is crucial for understanding the economic viability of Section 8 vouchers in the region. However, without comparative market rent data, it's difficult to evaluate how the FMR stacks up against local rental prices. The absence of such market rent figures suggests that the FMR might serve as a baseline for rental rates in the area.
Landlords and investors should consider the FMR as a key benchmark for setting rents when accepting Section 8 vouchers. While the lack of additional data points can be concerning, it also means there is less historical context to suggest stability or transition. In essence, the ZIP code appears to be transitional, given the incomplete data set, which could indicate recent changes in the housing market or population dynamics that have yet to be fully captured in statistical records.
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.