Location: Wyoming County, WV | Metro: Wyoming County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The analysis of the Section 8 cap rate for ZIP code 25928 reveals a challenging investment landscape due to limited data availability. The Family Monthly Income (FMI) for a two-bedroom unit in the fiscal year 2026 is set at $870, which annualizes to $10,440. This figure represents the maximum allowable rent for a property under the Section 8 program.
In the absence of market rent data for ZIP 25928, we cannot accurately calculate a comparative gross yield scenario. However, assuming a hypothetical market rent figure were available, it would be used to determine an alternative gross yield, providing insight into how the Section 8 rent compares to potential market rates.
The implied gross yield for a Section 8 rental in ZIP 25928 can be calculated using the annualized FMI of $10,440. To find the gross yield, one would divide this amount by the median home value. Unfortunately, the median home value for ZIP 25928 is also not provided, making it impossible to compute a precise gross yield.
Given the 0.0% renter density in ZIP 25928, it is evident that the area has very few residents who might qualify for the Section 8 program. This low density suggests that finding tenants through Section 8 could be difficult, even though the program provides a guaranteed income source.
The Days on Market (DOM) figure is not available, which typically indicates how long properties remain unsold or unrented before a transaction occurs. A high DOM would suggest a slow-moving market, potentially affecting the speed at which you can secure a tenant, either through Section 8 or otherwise.
In conclusion, while the Section 8 rent provides a stable income stream at $10,440 annually, the lack of market rent and median home value data prevents a direct comparison of gross yields. The extremely low renter density implies that securing a Section 8 tenant might be challenging, and without additional market metrics, it is difficult to assess the overall viability of this investment strategy in ZIP 25928.
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.