Location: Wyoming County, WV | Metro: Raleigh County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 25811 in Wyoming County, WV, reveals a rental landscape that is uniquely shaped by the Federal Housing Administration's Fair Market Rent (FMR) standards. For fiscal year 2024, the HUD FMR for this area is set at $930. This figure represents the maximum amount that a voucher tenant can pay towards their rent, based on the government's assessment of what constitutes a fair rent for the region.
Unfortunately, the current market rent data for ZIP 25811 is not available. However, we can infer that given the HUD FMR of $930, voucher tenants would likely cashflow at this rate. In other words, landlords can expect to cover their costs and generate a profit when renting properties at the FMR without having to subsidize the difference between the voucher amount and the actual rent. This makes it possible for investors to maintain profitability while still providing affordable housing options.
The median home value for ZIP 25811 is also not available. Without this data, it's challenging to derive an accurate rent-to-price ratio, which is crucial for understanding the broader housing market dynamics. The rent-to-price ratio helps investors gauge whether it's more advantageous to rent or buy properties in the area. However, the absence of market rent data means that we cannot provide a comparative analysis of rent versus home prices.
Regarding the days on market (DOM) and the percentage of homes that have been price-reduced, both pieces of information are not available for ZIP 25811. These metrics are typically important for assessing the health of the real estate market and how quickly properties are selling or being rented. The lack of such data suggests that the market might be relatively stable, but this is speculative without concrete figures.
In conclusion, for Section 8 investors targeting ZIP 25811, the strongest angle is likely cashflow. Given that voucher tenants can cover their rent at the HUD FMR of $930, landlords can expect steady income without the need for premium units. This makes the area particularly attractive for those looking to invest in a niche where government support ensures a reliable stream of income.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.