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 analysis of ZIP code 25776 in the Huntington-Ashland, WV-KY-OH HUD Metro FMR Area reveals several key points for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $950 for fiscal year 2024. However, due to the lack of available market rent data, it's impossible to directly compare FMR to actual market rates. This absence of market rent figures suggests that landlords should closely monitor local trends to ensure their rental prices align with what tenants can afford.
Regarding property acquisition, the median home value is not available, which makes it challenging to assess affordability relative to typical home values. Similarly, the average days on market (DOM) and the percentage of homes that require a price cut before selling are also unavailable. Without these figures, it's difficult to provide a comprehensive assessment of how easy or difficult it might be to acquire properties at affordable prices. Investors should consult local real estate agents for up-to-date insights on property acquisition costs and timelines.
Tenant demand in ZIP 25776 is another critical factor. Unfortunately, the population and the percentage of residents who are renters are not available. These metrics are essential for understanding whether there is sufficient demand to support rental investments. Landlords and investors should seek out demographic reports from local government sources or real estate agencies to fill in these gaps.
Verdict: While the Fair Market Rent provides a benchmark for setting rental prices at $950 per month, the lack of detailed market data such as median home value, days on market, price-cut percentages, population, and renter share complicates a thorough analysis. Investors must rely on other sources for missing information to make informed decisions about acquiring properties and ensuring they can attract and retain tenants in ZIP 25776. The viability of rental investments here hinges on filling these data gaps and closely monitoring local real estate trends.
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.