Location: Calhoun County, WV | Metro: Parkersburg-Vienna, WV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The ZIP code 26141 encompasses a small community with a total population of 356 residents. The area is characterized by a relatively low percentage of renters at 24.1%, indicating that it is predominantly a homeowner-centric neighborhood. The median household income in this region stands at $43,500, which suggests that the local economy supports a modest standard of living. The median home value is notably lower at $109,911, reflecting an affordable housing market.
Moving into the economic analysis of rental properties, the Fair Market Rent (FMR) for ZIP 26141 as of the fiscal year 2024 is set at $850. This is significantly higher than the average market rent of $519, based on data from the Census Bureau's American Community Survey (ACS). This disparity indicates a potential opportunity for landlords who can leverage the Section 8 program to receive higher rents than the market rate.
Given these conditions, ZIP 26141 could be a suitable investment for both hands-off voucher operators and hands-on value-add buyers. For those seeking a passive investment strategy, the difference between the FMR and market rent provides a clear margin where Section 8 subsidies can cover a substantial portion of the rental costs, ensuring steady cash flow without the need for extensive property management. On the other hand, for investors willing to engage actively in property improvement, the relatively low median home value offers a chance to enhance the quality of units and potentially command rents closer to the FMR, thereby increasing profitability. The low percentage of renters also implies less competition in the rental market, making it easier for landlords to attract tenants who qualify for the Section 8 program.
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.