Location: Wyoming County, WV | Metro: Wyoming County, WV
| 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 ZIP code 25845 stands out with a unique data profile that landlords and small-portfolio investors should consider. With only 596 residents, this area has a low population density, which can affect the rental market's size and dynamics. Notably, 46.6% of the residents rent their homes, indicating a significant reliance on the rental sector. However, the lack of specific median income and median home value data points to an incomplete picture of the economic health of the area.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $870. This figure is crucial for understanding the rental landscape, especially since there is no available data on the local market rent. The FMR serves as a benchmark for rental subsidies, helping landlords determine if their properties can be effectively rented under the Section 8 program. Given the absence of local market rent data, the FMR provides a necessary standard for evaluating potential rental income.
When analyzing the stability of ZIP 25845, the data suggests a transitional environment. The high percentage of renters without corresponding median income data indicates a possible fluctuation in tenant demographics and economic conditions. Landlords and investors should proceed with caution, keeping an eye on any updates to the missing data points that could offer further insights into the area's economic trends. Despite these uncertainties, the presence of the Section 8 program with a defined FMR can provide some predictability in terms of rental income, making it a viable option for those willing to navigate the transitional nature of the ZIP code.
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.