Section 8 Fair Market Rent (FMR) for ZIP 26152 - 2027

FY 2027 Fair Market Rent Rates

The market analysis for Section 8 investors targeting ZIP code 26152 in Munday, WV reveals several key points. The Fair Market Rent (FMR) set by HUD for this area in fiscal year 2024 is $850 per month. However, the market rent for ZIP 26152 is significantly lower, with studio apartments typically renting for less than $200 per month, inclusive of utilities.

Voucher tenants in this ZIP code would likely cashflow at the FMR of $850, given that the market rent is below this threshold. This indicates a strong potential for positive cash flow when leasing properties to Section 8 tenants.

The median home value for ZIP 26152 is listed as $0, which suggests that there might be limited residential property sales data available. This makes deriving a precise rent-to-price ratio challenging. Nonetheless, the low market rent relative to the FMR implies that rental income could be competitive with the limited data on home values.

The median days on market (DOM) and percentage of price cuts are not specified for ZIP 26152. However, these metrics are typically indicative of the rent-versus-buy dynamics in an area. In this case, the low market rents suggest that rental properties are likely more attractive to residents than purchasing homes, given the lack of recent home sale data.

The strongest investor angle in ZIP 26152 is cashflow. With the HUD FMR exceeding the market rent, landlords can expect a consistent and positive cash flow from Section 8 tenants, making it a viable investment opportunity despite the limited data on home values and sales activity.

Data Sources: FMR data from HUD (2027).

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.