Section 8 Fair Market Rent (FMR) for ZIP 25919 - 2027

FY 2027 Fair Market Rent Rates

When considering whether to invest in ZIP code 25919 (Unknown, WV) using Section 8 vouchers, follow this decision tree:

1) Does the Fair Market Rent (FMR) of $930 cover your debt service?

No data is available to determine if the FMR of $930 can cover the debt service on a property in this ZIP code. Without knowing the specific costs associated with owning and maintaining a rental property, including mortgage payments, insurance, taxes, and maintenance expenses, it's impossible to make an informed decision on this point.

2) How does the market rent compare to the FMR?

The market rent for properties in ZIP 25919 is not provided. Therefore, there is no way to assess whether the market rent is above, at, or below the FMR of $930. This lack of information makes it difficult to gauge the financial viability of renting to Section 8 tenants.

3) Is there sufficient demand for rentals?

The percentage of renters and the days on market (DOM) are not specified for ZIP 25919. These metrics are crucial for understanding the rental market's health and the potential demand for Section 8 properties. Without these figures, you cannot determine if there is enough demand to support a rental investment in this area.

In summary, due to the absence of critical data points such as debt service costs, market rent levels, and demand indicators, a clear recommendation cannot be given for investing in ZIP 25919 with a focus on Section 8 housing. To proceed, you must gather detailed local market data and calculate your specific financial requirements.

Data Sources: FMR data from HUD (2027).

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.