Location: Tyler County, WV | Metro: Pleasants County, WV
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 | $730 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $99,363 | 0.98% | C |
| 3BR | $1,260 | $151,245 | 0.83% | C |
U.S. Census Bureau data (2024)
The analysis of ZIP 26146, located in Friendly, WV, within Tyler County's metro area, reveals several key points regarding its viability for rental investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880. However, the current market rent, according to Census ACS data, is $683. This discrepancy suggests that landlords might face challenges in achieving rents that meet the FMR standard, indicating a less favorable environment for maximizing rental income.
Regarding the affordability of acquisitions, the median home value in ZIP 26146 is $124,363. With no data available on days on market (DOM) or the percentage of homes requiring price cuts, it's difficult to assess the competitive nature of the housing market. Nonetheless, the relatively low median home value could be attractive for investors looking to enter the market with a smaller capital investment.
The third question concerns tenant demand. The population of ZIP 26146 is 1,215, with a significant 32.3% of residents being renters. This indicates a reasonable demand for rental properties, although the overall size of the market is modest given the small population.
In summary, while the median home value presents an affordable entry point for acquisitions, the current market rent falls short of the FMR target, suggesting lower potential returns on rental income. Tenant demand exists but is limited by the small population size. Landlords and small-portfolio investors should carefully consider these factors before committing to investments in this ZIP code. The market may be suitable for those seeking stable, low-cost investments rather than high-yield opportunities.
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.