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 market in ZIP 25774, located in Unknown, WV, is characterized by a Fixed Monthly Rent (FMR) of $950 for fiscal year 2024. This figure is a critical benchmark for understanding the rental landscape in this area. Despite the FMR being set, the market rent is currently not available, suggesting a potential gap between government-set rates and actual market conditions.
The lack of data on price-cut share, days on market (DOM), and median home value indicates that the residential market might be less active or perhaps underreported. This absence of information makes it challenging to determine if supply is outpacing demand or vice versa. However, we can infer that the rental market is likely stable, given the established FMR without corresponding market rent data indicating significant fluctuations.
The percentage of renters in ZIP 25774 is also not available, which means we cannot precisely quantify the proportion of residents who are renters versus homeowners. Nonetheless, the presence of an FMR suggests that there is a notable rental component in the housing mix. Over the long term, the reliance on FMR could indicate a steady demand for affordable rental units, implying that the area may face continuous housing pressure as it serves a segment of the population that requires government assistance for housing.
In summary, ZIP 25774 presents a market where the rental sector is supported by government standards, but the absence of broader market data points to a potentially inactive residential market. Landlords and small-portfolio investors should focus on the stability offered by the FMR while remaining cautious about entering the residential sales market due to limited data availability.
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.