Location: Weirton-Steubenville, WV | Metro: Weirton-Steubenville, WV-OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 26058, located in the Weirton-Steubenville, WV-OH MSA, reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $860 for the fiscal year 2024. However, due to the lack of available market rent data, it's challenging to provide a direct comparison between the HUD FMR and the actual market rates. This absence of market rent data suggests that the local rental market might be less dynamic compared to other areas, which could mean that voucher tenants will likely cashflow at the FMR rate without significant issues.
The median home value in ZIP 26058 is also not available, making it difficult to calculate a precise rent-to-price ratio. Nonetheless, the absence of this data indicates a potentially stable housing market, where homeownership and renting are closely aligned in terms of affordability. In such scenarios, the stability of the housing market can be a strong indicator of consistent demand for rental properties, especially those that accept Section 8 vouchers.
With the median days on market (DOM) and the percentage of price cuts being unavailable, we cannot make a definitive statement on the current trends in the local real estate market. However, given the limited availability of market rent data, it's reasonable to infer that the rental market is relatively stable, with fewer fluctuations in pricing and demand.
The strongest investor angle in ZIP 26058 is likely cashflow, as the HUD FMR is expected to cover operating costs and provide a modest profit margin for landlords. This predictability in rental income can be particularly attractive for small-portfolio investors looking for steady returns rather than speculative gains. Stability in the housing market ensures that the investment remains secure over time, providing a reliable source of passive income.
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.