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)
The ZIP code 25862 stands as a market in motion, characterized by its Fair Market Rent (FMR) set at $1090 for fiscal year 2024. While specific details on market rent, the percentage of price-cut share, days on market (DOM), and median home value are currently unavailable, the snapshot provided offers insights into the dynamics of this rental market.
The FMR serves as a benchmark for the rental market, indicating that landlords and small-portfolio investors can expect to charge around this figure for a standard unit. However, the absence of data on market rent suggests that there might be limited activity or reporting in this area, which could imply either a stable market or one that is less dynamic compared to others.
A key statistic in understanding the market's trajectory is the 8.1% renter share. This figure indicates that a relatively small portion of the population in ZIP 25862 is renting, suggesting a predominantly owner-occupied environment. Despite this low renter share, it also points to potential long-term housing pressure. As economic conditions evolve and more residents find themselves in need of rental properties, the demand for rentals could increase, putting upward pressure on rents if the supply remains constant or grows slowly.
The dynamics of ZIP 25862 suggest that while it may not currently be a market where supply outpaces demand, the potential for rental demand to rise is present. Landlords and investors should monitor broader economic trends and local job markets, as these factors will influence the balance between supply and demand in the future. The current snapshot highlights a market that is quietly evolving, with underlying forces that could shift the landscape of rental housing in the coming years.
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.