Location: Parkersburg-Vienna, WV | Metro: Parkersburg-Vienna, WV 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 | $780 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $128,415 | 0.74% | D |
| 3BR | $1,180 | $184,785 | 0.64% | D |
| 4BR | $1,250 | $282,114 | 0.44% | F |
| 5BR | $1,450 | $333,910 | 0.43% | F |
U.S. Census Bureau data (2024)
54.331% of Parkersburg, WV's median income stands at $54,331, indicating a modest financial landscape for residents. 29.4% of the population relies on renting, suggesting a significant demand for rental properties in ZIP 26104. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $900, which is notably lower than the Zillow Observed Rent Index (ZORI) of $1,250, highlighting a potential gap between government-assisted housing and market rates. This discrepancy could be leveraged by savvy investors looking to cater to both market-rate tenants and those seeking Section 8 vouchers. The median home value in the area is $172,465, making it an attractive location for first-time buyers and investors alike due to its affordability compared to larger metropolitan areas. With a 0.2% price-cut share, the real estate market in Parkersburg shows resilience and stability, as very few listings require price adjustments. This low percentage also suggests that the housing stock is generally well-priced and meets market expectations without significant markdowns.
The current dynamics in ZIP 26104 favor landlords and small-portfolio investors who can provide quality rentals at or near the $900 FMR, appealing to the substantial portion of renters and potentially those utilizing Section 8 vouchers. Given the $1,250 market rent, there is a clear opportunity to balance between affordable housing and competitive market rates. The median home value and income levels suggest that the area supports a healthy mix of owner-occupied and rental properties, making it a viable investment choice. The stability reflected in the low price-cut share further underscores the reliability of returns for investors.
Verdict: ZIP 26104 presents a favorable environment for Section 8 investments, with a robust rental demand and stable property values.
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.