Location: Raleigh County, WV | Metro: Raleigh County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 25911 is situated in a sparsely populated area with only 160 residents. This community stands out due to its unique characteristic of having 0.0% of its population renting their homes, indicating a predominantly owner-occupied environment. The median household income in this area is $41,706, which is relatively low compared to national averages, suggesting a modest economic base.
Despite the lack of available data on median home values and market rents, the Fair Market Rent (FMR) for the ZIP code for fiscal year 2024 is set at $960. This figure represents the government's estimate of what is considered a fair rent for a standard unit in the area and is directly relevant for those involved in Section 8 housing programs.
Given the characteristics of ZIP 25911, it would be challenging for a hands-off voucher operator to find suitable properties since there are no renters in the area. However, for a hands-on value-add buyer looking to develop rental properties, this ZIP code presents an opportunity. With the absence of competition in the rental market and a defined FMR, such an investor could create rental units that cater to the local needs while ensuring compliance with the Section 8 program requirements.
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.