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 Fair Market Rent (FMR) for ZIP 25773 is set at $950 for the fiscal year 2024. This figure represents the maximum rent subsidy that a landlord can receive through the Section 8 Housing Choice Voucher program for a standard one-bedroom unit. It's important to note that specific details about the number of residents, the percentage of renters, median income, and median home values for ZIP 25773 were not provided in the initial data request.
Landlords should be aware that the Section 8 voucher system is designed to ensure that low-income families can afford decent housing. Typically, tenants contribute approximately 30% of their income towards rent, with the remaining balance covered by the voucher. This means that landlords must be prepared to accept a fixed payment rate that may not align with the current market rents. However, the stability of rental income and the potential for long-term tenancy can be attractive aspects for landlords willing to participate in the program.
The data signature for ZIP 25773 appears transitional. Given the lack of detailed demographic information, it's challenging to assess the overall stability of the area. However, the presence of the Section 8 program suggests an ongoing effort to address housing affordability issues, which could indicate a period of adjustment in the local rental market.
To make informed decisions, landlords and investors should consult local housing authorities for precise details on voucher availability and payment standards, as well as explore additional resources for understanding the broader economic context of the ZIP code.
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.