Location: Upshur County, WV | Metro: Barbour 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 | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $162,339 | 0.78% | D |
U.S. Census Bureau data (2024)
47951 The median income in ZIP 26238 indicates a moderate economic base, which can support rental activities but requires careful consideration of pricing strategies. 122105 With a median home value significantly lower than the Fair Market Rent (FMR), it suggests a rental market that is more accessible to lower-income households. 920 In 2026, the FMR for the metro area stands at $920, providing a benchmark for acceptable rents under Section 8 programs. 24 The low renter share of 2.4% implies a predominantly owner-occupied community, which could affect the demand for rental properties. However, the presence of Section 8 vouchers can stimulate rental activity in such areas. N/A The lack of data on days on market (DOM) and the percentage of price cuts among listings does not provide insights into the speed of property turnover or the necessity for price adjustments, leaving some uncertainty about the local real estate dynamics. N/A Despite these data gaps, the combination of a moderate median income and a relatively affordable median home value makes ZIP 26238 a suitable area for Section 8 rentals, given the established FMR. 920 Landlords and small-portfolio investors should aim to keep their rental rates around the $920 FMR to attract voucher holders effectively. 47951 Considering the median income, properties priced slightly below or at the FMR will be more attractive to tenants. 122105 A median home value of $122,105 also suggests that there's a potential for modest returns on investment, especially if the rental market is stable and demand is steady. 24 Given the 2.4% renter share, targeting the Section 8 market can help fill vacancies that might otherwise remain empty due to limited rental options. 920 To conclude, the data points towards a manageable market for Section 8 rentals, with clear guidelines set by the $920 FMR. 47951 Investors should be prepared for a moderate income environment but can find opportunities to secure steady tenancy. 122105 Overall, the median home value and income levels indicate that ZIP 26238 is a feasible location for Section 8 investments.
920 Verdict: ZIP 26238 is suitable for Section 8 investments, provided that rental rates align with the $920 FMR.
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.