Section 8 Fair Market Rent (FMR) for ZIP 25922 - 2027
Location: Mercer County, WV | Metro: Mercer County, WV
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $660 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$2,499
To determine if you should buy in ZIP code 25922 for Section 8 investments, follow these steps:
- Step 1: Debt Service Coverage Ratio (DSCR): The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $880. For a property priced at $185,630, we need to calculate if this FMR can cover the debt service. Assuming a typical mortgage rate and term, the monthly debt service would be approximately $1,070. Given that the FMR is lower than the required debt service, the answer is No. The FMR of $880 does not clear the debt service on a $185,630 property.
- Step 2: Market Rent Comparison: The market rent for ZIP 25922 is currently N/A, which means there's insufficient data to compare against the FMR of $880. This makes it difficult to assess whether the market rent is above, at, or below the FMR. Therefore, the answer is It Depends. Without specific market rent figures, it's challenging to gauge the profitability of a Section 8 investment relative to the broader rental market.
- Step 3: Demand Assessment: In ZIP 25922, only 0.0% of residents are renters, and the days on market (DOM) is listed as N/A, indicating a lack of recent rental activity. This suggests a very low demand for rental properties, including those eligible for Section 8. Thus, the answer is No. The combination of zero percent renters and no recent rental listings indicates insufficient demand to support a Section 8 investment.
In summary, based on the current data, the answers to the key questions are No, It Depends, and No respectively. This ZIP code does not appear to be a viable option for Section 8 investments due to the inability of FMR to cover debt service and the lack of rental demand.
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.