Section 8 Fair Market Rent (FMR) for ZIP 25779 - 2027

FY 2027 Fair Market Rent Rates

The HUD Fair Market Rent (FMR) for ZIP code 25779 in Huntington-Ashland County, West Virginia, for fiscal year 2024 is set at $950. This figure represents the maximum amount that a Section 8 tenant can pay towards their monthly rent. However, without specific market rent data, it's challenging to provide an exact comparison. Given the typical dynamics between HUD FMR and actual market rents, we can infer that voucher tenants in this area will likely cashflow at the FMR rate, meaning landlords can expect to cover their costs and make a profit without relying on premium units.

The median home value in ZIP 25779 is not available, which makes deriving an accurate rent-to-price ratio difficult. Nevertheless, understanding the local real estate market is crucial for investors looking to leverage either rental income or potential property appreciation. The absence of precise data on days-on-market (DOM) and price-cut shares suggests that the market may be relatively stable, with fewer fluctuations seen in other areas.

Investors should focus on the cashflow angle, given the likelihood that Section 8 voucher rates will cover operational expenses and provide a modest profit. While appreciation and stability are also important factors, the guaranteed nature of rental payments from voucher holders, combined with the ability to cashflow at the FMR rate, presents a compelling investment opportunity in this 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.