Location: Greenbrier County, WV | Metro: Fayette County, WV HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $77,962 | 1.21% | A |
| 3BR | $1,190 | $125,149 | 0.95% | C |
| 4BR | $1,390 | $161,723 | 0.86% | C |
U.S. Census Bureau data (2024)
The ZIP code 25962 in West Virginia presents a dynamic rental market that reflects the broader economic and social trends of the area. With a Fair Market Rent (FMR) set at $850 for the fiscal year 2024, it's clear that there is a recognized benchmark for affordable rental pricing. However, the actual market rent, as reported by the Census ACS, stands at $710. This discrepancy suggests that the rental market may be slightly below the government's affordability threshold, indicating either a landlord-driven effort to attract tenants or a reflection of the local economy.
The median home value of $103,540 is indicative of an affordable housing market, which can contribute to a mix of homeowners and renters. The fact that the percentage of price-cut share and days on market (DOM) are not available makes it challenging to pinpoint the exact supply-demand balance, but the lower-than-FMR market rent could suggest that demand is not outpacing supply at this moment.
A significant 26.9% of the population in ZIP 25962 is renters, which is a notable figure that underscores the importance of the rental sector. This high renter share often indicates long-term housing pressure, as a substantial portion of residents are unable to purchase homes. Landlords and small-portfolio investors should consider this statistic as it implies a consistent need for rental properties, ensuring a steady stream of potential tenants. However, the challenge lies in maintaining competitive rents while also covering operational costs and achieving profitability.
In summary, ZIP 25962 is a market where the rental sector plays a crucial role, driven by both affordability and necessity. The dynamics between FMR and actual market rent provide insight into the landlord's strategies and the economic realities faced by renters. For investors, understanding these nuances is key to navigating the market effectively.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.