Section 8 Fair Market Rent (FMR) for ZIP 26047 - 2027

Location: Weirton-Steubenville, WV | Metro: Weirton-Steubenville, WV-OH MSA

Investment Score for ZIP 26047

Monthly Rent (2BR)

$1,060

Median Price (2BR)

$120,269

1% Rule

0.88%

Annual Yield

10.58%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$820
2 Bedrooms	$1,060
3 Bedrooms	$1,370
4 Bedrooms	$1,590
5 Bedrooms	$1,844
6 Bedrooms	$2,065
7 Bedrooms	$2,230
8 Bedrooms	$2,342

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,060	$120,269	0.88%	C
3BR	$1,370	$188,766	0.73%	D
4BR	$1,590	$231,518	0.69%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,357

Median Household Income

$58,641

Housing Units

2,696

Renter Percentage

23.1%

Occupancy Rate

87.5%

Renter Occupied

544

New Cumberland, WV, located in ZIP code 26047, is a modest-sized community situated near the Ohio River. The area offers a mix of residential and commercial properties, making it an interesting location for real estate investment, particularly for those interested in the rental market dynamics.

The Fair Market Rent (FMR) for ZIP 26047 in fiscal year 2024 is set at $860, providing a benchmark for rental pricing.
The average market rent for the area, according to Census ACS data, stands at $937, indicating that rents slightly exceed the FMR.
The median home value in New Cumberland is $162,904, which reflects the affordability of the housing market.
Renters make up 23.1% of the population, suggesting a moderate demand for rental properties.
The median income in the ZIP code is $58,641, offering insight into the economic conditions of potential tenants and buyers.

Investors looking to enter the New Cumberland rental market should consider the established fair market rent alongside the higher market rent rates. The median home value indicates a relatively affordable market, which could attract first-time buyers or those seeking lower-cost housing options. With a moderate share of renters, there is a steady but not overwhelming demand for rental properties. Coupled with the median income figure, these factors suggest that rental properties priced around the market rate will likely find tenants, while homeownership remains accessible for many residents. Overall, the ZIP code presents a balanced opportunity for both rental and purchase investments, with data points supporting a stable and moderately growing market.

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.