Location: Weirton-Steubenville, WV | Metro: Weirton-Steubenville, 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 | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $95,247 | 1.09% | B |
| 3BR | $1,340 | $146,209 | 0.92% | C |
| 4BR | $1,560 | $180,963 | 0.86% | C |
U.S. Census Bureau data (2024)
870 is the Fair Market Rent (FMR) for ZIP 26034, Chester, WV, as set for fiscal year 2024. 785 is the average market rent reported by the Census Bureau's American Community Survey, indicating a gap between the FMR and actual market rents. 119,940 represents the median home value in this area, suggesting a relatively modest housing market. 23.5% is the share of residents who are renters, showing a smaller but significant rental market presence. 56,556 is the median household income, which is notably lower than the national average, potentially affecting the ability of tenants to pay higher rents. The data does not provide a specific figure for days on market (DOM), nor does it detail the percentage of homes that have had their prices cut. Given these numbers, it's clear that while the demand for rentals exists, the income levels suggest that tenants may lean towards subsidized housing options. Therefore, for landlords and small-portfolio investors looking to maximize returns, participating in the Section 8 program can be a strategic choice, ensuring steady and reliable income streams. $870 FMR indicates that properties meeting the criteria can attract Section 8 tenants without sacrificing too much potential income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.