Location: Mercer County, WV | Metro: Mercer County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP 25820 rely on renting, indicating a strong homeownership preference in the area. This aligns with the $217,404 median home value, suggesting that the local real estate market caters primarily to homeowners rather than renters. Despite the lack of specific market rent data, the $900 Fair Market Rent (FMR) for the metro area in fiscal year 2026 provides a benchmark for rental pricing. Landlords and small-portfolio investors should note that this figure represents the maximum amount that can be charged for a Section 8 voucher in the region. The median income of $135,568 supports the high median home value but also suggests that the rental market may be limited due to the low renter share. Unfortunately, the absence of days on market (DOM) and price-cut share percentages makes it challenging to assess the current state of the housing market's liquidity and competition. However, the high median home value and median income indicate a robust economic environment where potential homeowners have the financial means to purchase property outright.
In terms of Section 8 participation, the $900 FMR sets a strict limit on rental income, which might deter some landlords given the low renter share of 0.0%. The lack of data on market rent and DOM could imply a stable or underdeveloped rental sector, which could further discourage investment in rental properties. For those considering entering the rental market in ZIP 25820, the numbers suggest a cautious approach, especially when relying on government vouchers for rental income.
Based on the available data, the verdict for Section 8 participation in ZIP 25820 is that it is not recommended due to the extremely low renter share and the limitations imposed by the $900 FMR.
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.