Location: Weirton-Steubenville, WV | Metro: Weirton-Steubenville, WV-OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 26075 stands out due to its unique demographic and economic characteristics. With a total of 519 residents, only 7.5% of the population rents their homes, indicating a predominantly owner-occupied area. The median income here is $53,750, which provides insight into the financial status of the local residents. However, the lack of data on median home value suggests that either there is insufficient data available or the housing market in this ZIP is less conventional compared to other areas.
Moving to the specifics of Section 8 housing, the Federal Market Rent (FMR) for ZIP 26075 in fiscal year 2024 is set at $1010. This figure contrasts with the Census Bureau's American Community Survey (ACS) estimate of the market rent at $888. This discrepancy means that landlords participating in the Section 8 program can expect higher rental rates compared to the general market, which could be an incentive for property owners to consider enrolling in the voucher program.
The data signature for ZIP 26075 reads as stable. Despite the low percentage of renters, the presence of Section 8 vouchers at a rate above the market average could help maintain a steady demand for rental properties. For landlords and small-portfolio investors, this ZIP code offers a reliable income stream through the Section 8 program, especially since the FMR exceeds the market rent by $122 per month. This economic advantage can offset any potential risks associated with the lower overall rental demand.
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.