Location: Greenbrier County, WV | Metro: Greenbrier County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
To determine if you should buy in ZIP code 25972 for Section 8 purposes, follow this decision tree based on the provided data.
1) Does FMR $960 (metro FY 2026) clear debt service on a property?
If you can find a property where the debt service is less than or equal to $960 per month, then the answer is yes. The Federal Market Rent (FMR) of $960 will cover your monthly mortgage and other financing costs.
If the debt service exceeds $960, then the answer is no. The FMR would not be sufficient to cover your financial obligations on the property.
2) Is market rent above, at, or below FMR?
If the market rent is above $960, it depends on how much higher it is and whether you can attract tenants willing to pay the difference out-of-pocket. This situation requires careful consideration of the local rental market dynamics and tenant willingness to supplement the FMR.
If the market rent is at or below $960, then the answer is yes. The FMR aligns with or exceeds the market rent, making it easier to find tenants who qualify for Section 8 without additional financial strain on them.
3) Are 29.7% renters + N/A-day DOM enough demand?
If the Days on Market (DOM) for properties in ZIP 25972 are low, indicating quick turnover and strong demand, then the answer is yes. With 29.7% of the population being renters, there is a substantial pool of potential Section 8 tenants. A low DOM suggests that these units are occupied quickly, which is favorable for your investment.
If the DOM is high, suggesting slow turnover and weak demand, then the answer is no. Despite the 29.7% renter rate, if units take too long to lease, this could indicate challenges in finding qualified tenants, thereby affecting the profitability of your investment.
Note: The specific percentage of renters and the DOM data for ZIP 25972 were partially obscured in the provided information. For an accurate analysis, you must replace 'N/A' with the actual DOM figure to evaluate the demand properly.
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.