Location: Fayette County, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 25879 in fiscal year 2024 is set at $980. This figure represents the payment standard for Section 8 vouchers in your area, which is the maximum amount that the Housing Choice Voucher Program will pay towards the rent of an eligible tenant. It does not mean you will receive $980 as your rent; rather, it's the ceiling for government reimbursement.
While the local median rent is listed as N/A, we can still gauge demand by looking at the percentage of renters in the area. In ZIP 25879, renters make up 10.3% of the population. This indicates a steady demand for rental properties, especially those that cater to low-income families who rely on Section 8 vouchers.
The acquisition cost for properties in this ZIP code is also noted as N/A. However, it's important to understand that the FMR of $980 is a key factor when setting your own rental rates. Landlords should ensure that their total rent, including any portion paid by the tenant, does not exceed this amount to remain competitive and attractive to voucher holders.
Before proceeding with a Section 8 rental property in ZIP 25879, it's crucial to verify the property meets the minimum standards required by the program. These standards include safety, health, and habitability criteria, ensuring your property is in good condition and complies with local housing codes.
In summary, the FMR of $980 sets the limit for government payments under Section 8, and with 10.3% of the population renting, there is a consistent demand for affordable housing. Ensure your property meets the necessary standards to avoid complications and to provide a suitable living environment for tenants.
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.