Location: Raleigh County, WV | Metro: Raleigh County, WV HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 25932 faces several challenges that might concern landlords and small-portfolio investors. Let's address these concerns directly.
The current data shows that there are limited listings available in ZIP 25932, making it difficult to determine an average home price. However, it's important to note that the FMR is set to ensure that rental income covers basic mortgage payments and other associated costs. Landlords should conduct a thorough financial analysis, including property taxes and maintenance costs, to determine if this FMR can sustainably cover their mortgage obligations.
Data from realtor.com indicates that there are ongoing trends in the rental market for ZIP 25932. The 0.0% figure likely refers to a specific metric such as vacancy rate or growth rate in demand. Despite this, the overall rental market in the area continues to evolve. It's crucial to monitor local economic indicators and job market trends to gauge future demand accurately.
The provided data does not specify the exact trends in housing voucher usage or amounts in ZIP 25932. Generally, housing vouchers are adjusted annually based on HUD guidelines and local market conditions. While we cannot predict future adjustments, it's essential to stay informed about any changes in voucher policies and amounts that could impact your rental income. The local HUD office or housing authorities can provide more detailed information on this matter.
In summary, while there are specific concerns regarding the financial sustainability of rental properties in ZIP 25932, the FMR of $920 is designed to support landlords. However, due to the lack of precise data on average home prices and voucher trends, further research is recommended to make well-informed decisions.
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.