Location: Fayette County, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The ZIP code 25942 presents a unique challenge for landlords and small-portfolio investors looking to attract Section 8 tenants. With a population of 32 residents, it is immediately apparent that the rental market in this area is extremely limited. The data indicates that 0.0% of the residents are renters, suggesting that this ZIP code is predominantly composed of homeowners rather than renters.
The absence of a median household income figure and the lack of specific market rent data further complicate the analysis. However, we can still draw some conclusions based on the Fair Market Rent (FMR) provided for the area. The FMR for ZIP 25942 is set at $990 per month for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in this ZIP code.
Without a median household income, it's impossible to calculate the exact percentage of income that typical rent consumes. However, given the homeowner-dominated nature of the ZIP, it's likely that the few renters present have lower incomes relative to the majority of residents, making them prime candidates for Section 8 vouchers.
In terms of tenant profile, landlords in ZIP 25942 should expect to see individuals and families who qualify for Section 8 assistance due to their low-income status. These tenants will be seeking housing options that do not exceed the FMR of $990 per month. While the overall number of potential Section 8 tenants is small, the demand for affordable housing among those who do rent could be quite high.
Given the homeowner-dominated landscape, landlords might find it difficult to attract a large number of Section 8 tenants. The scarcity of renters means that the competition for these tenants could be fierce among the limited rental properties available. Landlords should focus on maintaining properties that meet the criteria for Section 8 eligibility and ensure they are priced competitively within the $990 FMR limit.
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.