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 code 25778 in Huntington, West Virginia, is set at $950 for fiscal year 2024. This figure represents the maximum amount that a Section 8 voucher holder can be expected to pay for housing in this area. Given that the FMR is established at this level, it suggests a relatively low-cost market for landlords who cater to this demographic.
To evaluate whether this is a high-yield or steady-cashflow zone, we would typically compare the FMR against the local market rent and home values. However, since specific market rent and home value data are not provided, we cannot make a direct comparison. Nonetheless, the FMR being fixed at $950 implies that there is a government-backed demand at this price point, which could be seen as a stable baseline for rental income.
In terms of stability, without data on the percentage of renters, the average DOM, and the median household income, it's difficult to determine if the market is prone to rapid changes or if it offers consistent cash flow. These metrics are crucial for understanding the reliability of rental income and the likelihood of tenant turnover.
Given the limited data, ZIP 25778 appears to be a niche market suitable for landlords willing to cater specifically to Section 8 voucher holders. It offers a predictable yield but lacks the necessary information to assess broader market stability or potential for higher returns through appreciation or increased rents.
To make an informed decision, further research into local market conditions, including historical rental trends and economic indicators, would be advisable. This will help clarify whether the market leans towards being a high-yield/low-stability flip-style market or a steady-cashflow zone.
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.