Location: Fayette County, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 25907 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $1080 per month for fiscal year 2024. However, due to limited data, the local market rent for the area is currently listed as N/A, which means it's not available and we cannot compare it directly to the SAFMR.
A Section 8 voucher payment structure involves several components. First, the tenant pays 30% of their adjusted monthly income towards rent. This amount varies based on the individual's income but is capped at a certain percentage of the SAFMR. Next, the utility allowance is added to the tenant's contribution. Utility allowances are fixed amounts designed to cover the cost of utilities and are separate from the rent subsidy. For a two-bedroom unit, the utility allowance can be calculated based on the latest HUD guidelines.
To illustrate, let's assume a hypothetical tenant with an adjusted monthly income of $1500. Their contribution towards rent would be $450 (30% of $1500). If the utility allowance for this ZIP code is $200, then the total contribution towards rent and utilities by the tenant would be $650. Therefore, the Housing Authority would pay the difference between the SAFMR and the tenant's contribution plus the utility allowance, which in this case would be $430 ($1080 - $650).
This calculation shows that landlords in ZIP 25907 can expect to receive a fixed reimbursement of $430 per month from the Housing Authority, in addition to the $650 paid by the tenant, totaling $1080 for a two-bedroom apartment. The reimbursement gap or surplus depends on whether the local market rent is above or below the SAFMR. Since the local market rent is not available, we cannot determine if there is a surplus or a gap for landlords accepting Section 8 vouchers in this specific ZIP code.
In summary, landlords should understand that the SAFMR of $1080 for a two-bedroom apartment in ZIP 25907 represents the maximum amount that the Housing Authority will pay. They must ensure that their rental price does not exceed this limit to qualify for the program. The actual reimbursement received by landlords will be the SAFMR minus the tenant's contribution and the utility allowance. Due to the lack of local market rent data, the potential financial impact on landlords remains uncertain.
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.