Location: Wetzel County, WV | Metro: Tyler 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 | $810 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,260 | $125,923 | 1% | B |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 26167 provides valuable insights into potential investment returns. With a median home value of $103,284, we can calculate the implied gross yield based on two scenarios: the Federal Market Rent (FMR) and the market rent.
In the first scenario, using the annualized 2BR FMR of $940 for fiscal year 2026, the gross yield would be approximately 9%. This calculation is derived by taking the annual rent ($940) and dividing it by the median home value ($103,284), resulting in a yield of about 0.0091, or 9.1% when expressed as a percentage. However, this figure is based on the FMR, which is often lower than what the market can bear.
The second scenario, where the market rent is considered, presents a more optimistic outlook. Since the market rent is listed as N/A, we cannot provide a precise dollar amount; however, typically market rents are higher than FMRs. Assuming a market rent that is 20% above the FMR, the annual rent would be approximately $1,128, leading to an implied gross yield of around 11%. This calculation is derived by taking the adjusted annual rent ($1,128) and dividing it by the median home value ($103,284), resulting in a yield of about 0.0109, or 11% when expressed as a percentage.
Given the 11.8% renter density in ZIP 26167, it's important to note that the demand for rental properties is relatively low compared to areas with higher renter populations. Additionally, the N/A-day DOM (Days on Market) indicates incomplete data, making it challenging to predict how quickly a property could be rented out. Despite these challenges, the implied gross yield based on market rent (11%) is more likely to reflect actual investment performance, considering that Section 8 rents might not always align with the full market potential.
To summarize, while the FMR-based gross yield of 9% offers a conservative estimate, the market rent-based gross yield of 11% is more realistic. Investors should consider these figures alongside the specific conditions of ZIP 26167, including the relatively low renter density and the potential variability in rental speeds due to incomplete DOM data.
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.