Location: Fayette County, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
ZIP 25855, located in Fayette County, WV, can serve as a strong diversifier in a Section 8 portfolio strategy. With a renter share of 39.8%, there is a significant demand for rental properties in the area. The median income of $30,335 suggests that tenants are likely to rely on government assistance such as Section 8 vouchers.
The Fair Market Rent (FMR) for ZIP 25855 in fiscal year 2024 is set at $870. This figure represents a stable cash flow anchor, ensuring consistent income from tenants who qualify for Section 8. However, the lack of specific market data and median home values indicates limited potential for appreciation plays in the area. The absence of recent sales data also implies that the market is not highly active, which further reduces the likelihood of significant capital gains.
To build a diversified portfolio, landlords and small-portfolio investors should focus on acquiring properties that cater to the local tenant base. Given the high renter share and reliance on Section 8 vouchers, these investments will provide a steady stream of income, albeit at a fixed rate. Diversifying across different ZIP codes and regions can help mitigate risks associated with economic downturns or changes in government funding.
While appreciation may not be a primary goal in ZIP 25855, maintaining a balanced portfolio that includes both cash-flow anchors and potential appreciation plays will ensure long-term financial stability. The FMR spread of $870 provides a reliable benchmark for setting rents and securing tenants through the Section 8 program.
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.