Location: Raleigh County, WV | Metro: Raleigh County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
95 homes are currently listed for sale in ZIP 25802 according to Zillow. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $930, indicating the maximum amount a Section 8 voucher holder can pay for housing. However, specific market rent figures are not available, making it challenging to gauge the exact rental price dynamics in the area.
N/A median home values suggest that there is limited data on recent home sales, which could imply a slow-moving real estate market or a lack of comprehensive reporting. Similarly, the absence of median income data means we cannot assess the financial capacity of potential renters or buyers in the region.
The lack of detailed demographic information such as the percentage of renter share and median income makes it difficult to predict the demand for rental properties in ZIP 25802. This scarcity of data also affects the understanding of the typical duration of days on market (DOM) and the percentage of price-cut share, both crucial indicators for evaluating the performance of real estate investments.
Investors should note that while the FMR provides a baseline for rental pricing, the actual market conditions may vary. The absence of key metrics like market rent, median home value, and median income indicates a need for further local research to make informed decisions about property investments.
Section 8 verdict: $930 FMR sets a clear cap for rental prices but lacks context without market rent and income data.
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.