Location: Nicholas County, WV | Metro: Nicholas County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
U.S. Census Bureau data (2024)
The ZIP code 26202, located within Nicholas County, WV, presents a unique scenario when compared against the typical metrics of its metro area. With a Fair Market Rent (FMR) set at $870 for fiscal year 2026, this ZIP code aligns closely with the broader county's average rental rates, indicating that it is neither significantly above nor below the norm for the region. However, the lack of specific market rent data for ZIP 26202 introduces an element of uncertainty, suggesting that rental prices might be less established or vary widely.
The median home value of $134,921 in ZIP 26202 is notably lower than what is typically seen across the entire Nicholas County, which generally has higher property values. This discrepancy could imply that ZIP 26202 represents a value pocket within the larger metro area, offering more affordable housing options for both homeowners and potential renters.
A critical observation is the 0.0% renter share in ZIP 26202. This figure starkly contrasts with the expected higher renter populations in most areas, especially those targeted by Section 8 programs. The absence of renters suggests a strong preference for homeownership in this ZIP code, which can be attributed to the relatively low home values making ownership more accessible. This characteristic diverges from the usual indicators of a Section 8 sweet spot, where high renter shares coexist with below-average home values.
Given the specific figures, ZIP 26202 appears to be a value pocket within the Nicholas County, WV metro. The low home values make it attractive for first-time buyers and those seeking more affordable housing options. However, the zero renter share indicates that it is not a prime location for landlords looking to capitalize on rental demand. For small-portfolio investors, the focus should be on the potential for appreciation in home values rather than immediate rental income.
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.