Section 8 Fair Market Rent (FMR) for ZIP 25915 - 2027
Location: Raleigh County, WV | Metro: Raleigh County, WV HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$39,292
To determine if you should invest in ZIP code 25915 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $930 cover the debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not purchase a property here for Section 8 tenants, as the rent will not be sufficient to meet financial obligations.
- Is the market rent above, at, or below the FMR of $930?
- If market rent is above $930: This indicates a potential profit margin beyond what is covered by Section 8 payments, which can be beneficial for covering maintenance and other costs.
- If market rent is at $930: The property will be priced exactly at the FMR, which means that all rent collected will go towards covering the debt service, leaving little room for profit or unexpected expenses.
- If market rent is below $930: The property might not attract non-Section 8 tenants willing to pay the higher rate required by the program, making it less viable for investment.
- Are the 11.5% of renters and the days on market (DOM) sufficient to ensure demand?
- If there is sufficient demand: The 11.5% of renters suggests a steady pool of potential tenants, and a low DOM would indicate quick turnover and high interest in properties, making it a good investment.
- If there is insufficient demand: High DOM values mean that properties take longer to rent out, indicating a lack of tenant interest. This could lead to extended vacancy periods, which are detrimental to cash flow and profitability.
The final decision on whether to buy in ZIP 25915 for Section 8 purposes hinges on these factors. If the FMR covers debt service, the market rent is favorable, and there is strong tenant demand, then the answer is yes. Otherwise, it depends on your risk tolerance and investment strategy.
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.