Section 8 Fair Market Rent (FMR) for ZIP 25777 - 2027
Location: Huntington-Ashland, WV | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| 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 |
To decide whether you should invest in ZIP 25777 (Unknown, WV) for Section 8 properties, follow these steps:
- Step 1: Can the FMR of $950 cover the debt service?
- Yes: The Fair Market Rent (FMR) of $950 for ZIP 25777 in fiscal year 2024 must exceed the total monthly mortgage payment, insurance, taxes, and maintenance costs for the property in question. If it does, proceed to Step 2.
- No: If the FMR of $950 cannot cover the debt service, purchasing a property in ZIP 25777 for Section 8 is not financially viable. Look elsewhere for opportunities that align better with your investment criteria.
- Step 2: How does the market rent compare to the FMR?
- Above FMR: If the market rent exceeds $950, then there is potential for higher returns outside of Section 8. However, this also means fewer tenants will qualify for Section 8 subsidies. Evaluate if you can attract non-Section 8 tenants willing to pay the higher rates.
- At or Below FMR: If the market rent is at or below $950, Section 8 tenants will likely be able to afford the rent. This makes the area more attractive for Section 8 investments, as the subsidy covers most or all of the rental cost.
- Step 3: Is there sufficient demand?
- N/A% Renters + N/A-day DOM: Without specific percentages of renters and days on market (DOM), it's difficult to quantify demand accurately. Generally, if the percentage of renters is high and the DOM is low, it suggests strong demand for rental properties. If demand is robust, the answer is yes, you should consider buying in ZIP 25777 for Section 8. Otherwise, it depends on how you can manage and improve occupancy rates.
Note: The decision tree requires specific data points to provide a definitive answer. Ensure you have accurate local market data before making any investment decisions.
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.