Section 8 Fair Market Rent (FMR) for ZIP 25904 - 2027
Location: Fayette County, WV | Metro: Fayette County, WV HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$39,455
To determine if you should buy in ZIP code 25904 for Section 8 investments, follow this decision tree:
- 1) Does the Fair Market Rent (FMR) of $870 cover the debt service on a property?
- Yes: Proceed to the next question. The FMR indicates that rental income can potentially meet or exceed the required debt service payments.
- No: Do not invest. The FMR does not provide sufficient revenue to cover the costs associated with owning the property.
- 2) How does the market rent compare to the FMR?
- Above FMR: It depends. While the market rent exceeds the FMR, consider the local demand for Section 8 properties. High market rents might indicate lower demand for subsidized housing.
- At FMR: Yes. This suggests a balanced scenario where market conditions align with the FMR, making Section 8 tenancy a viable option.
- Below FMR: Yes. In this case, Section 8 can provide a stable source of income that matches the FMR, which is higher than what the market currently offers.
- 3) Is there enough demand, given 7.8% of renters and an average of N/A days on the market (DOM)?
- High Demand (low DOM): Yes. Low DOM implies quick turnover, which is favorable for landlords seeking to fill vacancies quickly with Section 8 tenants.
- Moderate Demand (average DOM): It depends. With moderate demand, you must evaluate the competition and the willingness of potential tenants to secure housing promptly.
- Low Demand (high DOM): No. High DOM suggests difficulty in filling vacancies, which could lead to prolonged periods without rental income.
Note: Specific numerical values for market rent and DOM were not provided, impacting the precision of the decision tree. Ensure you gather these details before making your investment decision.
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.