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 | $850 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $172,743 | 0.6% | D |
| 3BR | $1,300 | $222,082 | 0.59% | F |
| 4BR | $1,370 | $294,882 | 0.46% | F |
U.S. Census Bureau data (2024)
The median income in ZIP 26187, which encompasses Williamstown, WV, stands at $83,226. Given the market rate for rent at $887 according to the Census ACS, it becomes evident that the average household faces a significant challenge in affording housing without financial strain. This market rate represents a mere 12.9% of the median income, indicating that while theoretically possible, maintaining this level of expenditure could leave little room for other essential expenses.
Comparatively, the Fair Market Rent (FMR) set at $1020 for the fiscal year 2024 highlights a broader affordability issue. At this rate, the cost of living would consume approximately 14.7% of the median income, further stretching the budget of the typical household. This discrepancy between the market rate and the FMR suggests a notable gap in affordability, particularly for those relying on housing vouchers.
With only 14.4% of the 6,060 population being renters, the competition among landlords is relatively low. However, the presence of voucher holders seeking accommodation at the FMR level introduces an additional layer of complexity. Landlords must weigh the benefits of accepting voucher payments against the potential for higher rents from cash-paying tenants.
The takeaway for landlords considering their strategy in ZIP 26187 is clear. While the competition for tenants is not intense, the decision to accept vouchers should be based on a thorough understanding of the local rental landscape. Accepting vouchers at the FMR rate of $1020 ensures a steady stream of tenants but might not maximize profit. On the other hand, focusing on cash-paying tenants willing to pay the market rate of $887 could be more profitable but risks vacancy due to limited demand.
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.