Location: Wheeling, WV | Metro: Wheeling, WV-OH MSA
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 | $770 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $76,676 | 1.36% | A |
| 3BR | $1,330 | $123,902 | 1.07% | B |
U.S. Census Bureau data (2024)
The ZIP code 26033, located in Cameron, West Virginia, stands out within Marshall County due to its unique mix of demographics and housing economics. With a population of 1,801 residents, 23.5% of whom are renters, the area has a median household income of $55,972 and a median home value of $92,138. These figures indicate a relatively stable community where homeownership is more prevalent than renting.
However, the rental market dynamics present an intriguing opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 26033 for fiscal year 2024 is set at $1,110, significantly higher than the market rent of $483 based on recent Census data. This discrepancy suggests that there is a strong demand for rental properties that can be met through Section 8 vouchers, which can help stabilize occupancy rates and provide a reliable source of income for property owners.
The economic benefits of participating in the Section 8 program in Cameron are clear. Landlords can charge close to the FMR rate, which is nearly double the current market rate. This means that for a landlord managing a two-bedroom property, the potential monthly rental income could be $1,110 instead of the typical $483. Additionally, the program ensures timely payments, reducing the risk of non-payment and providing financial stability.
The data signature for ZIP 26033 indicates a stable environment. Despite the relatively low percentage of renters, the high FMR compared to the market rent suggests that the rental market is poised for growth, particularly for those willing to participate in the Section 8 program. This stability is further reinforced by the median income and home values, which suggest a community that is financially secure and capable of supporting both homeowners and renters.
In summary, ZIP 26033 presents a compelling case for landlords and small-portfolio investors looking to capitalize on the Section 8 program. The combination of a stable community and a significant gap between FMR and market rent offers a unique opportunity for increased rental income and reduced risk.
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.