Location: Tucker County, WV | Metro: Randolph County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 26276 stands as a market in motion, characterized by a clear snapshot of current real estate conditions. The Fair Market Rent (FMR) for the area is set at $900, reflecting the fiscal year 2026 metro standards. This figure serves as a benchmark for rental prices, indicating the government's assessment of what constitutes a reasonable rent for the area. However, the absence of specific market rent data suggests that either the market is less active or that there isn't a significant volume of rental transactions to establish a reliable average.
The median home value in ZIP 26276 is $164,606, which provides insight into the affordability of homeownership. Given the lack of percentage share of price cuts and days on the market (DOM), it's challenging to quantify the exact relationship between supply and demand. Nonetheless, the missing data on market rent and price-cut share could imply a relatively stable market, where neither buyers nor sellers are under extreme pressure to close deals quickly or at a discount.
A key indicator of long-term housing pressure is the 3.2% renter share, which is notably low. This statistic suggests that the majority of residents in 26276 own their homes rather than renting, potentially due to the affordable median home value. A lower renter share can indicate less immediate demand for rental properties, but it also implies that any increase in population or changes in economic conditions could lead to a surge in rental demand, putting upward pressure on rents and potentially increasing the renter share over time.
The dynamics of ZIP 26276 suggest a market where homeownership is favored, possibly due to its affordability. For landlords and small-portfolio investors, this could mean a slower rental market compared to areas with higher renter shares. However, the stability indicated by the median home value and the FMR sets a solid foundation for investment. Landlords should monitor local population growth and economic trends closely, as these factors could shift the balance between supply and demand, affecting both rental prices and the overall market sentiment.
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.