Location: Randolph County, WV | Metro: Randolph 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 | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $145,123 | 0.85% | C |
U.S. Census Bureau data (2024)
29.1% of residents in ZIP 26280 are renters, indicating a significant portion of the population relies on rental housing. This statistic underscores the potential demand for rental properties in the area. The $950 Fair Market Rent (FMR) for the metro area in fiscal year 2026 provides a benchmark for rental pricing, suggesting that landlords can set their rents at or slightly below this figure to remain competitive. Meanwhile, the actual market rent stands at $857 according to the Census ACS data, which is lower than the FMR, indicating that there might be room for slight increases without deterring tenants. The median home value in the area is $131,473, reflecting the overall affordability of the region. However, with a median income of $46,335, many residents may find it challenging to afford homeownership, further supporting the demand for rental units.
Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the discrepancy between the FMR and market rent suggests that landlords have a clear advantage in setting competitive rental rates. The affordability of homes and the relatively low median income highlight the importance of maintaining reasonable rental prices to attract and retain tenants. Given these factors, the suitability of Section 8 housing in ZIP 26280 is evident, as it aligns well with the financial capabilities of the local population.
The $950 FMR offers a reliable guideline for landlords participating in the Section 8 program, ensuring they receive fair compensation while providing affordable housing options. With 29.1% of the population renting, the need for subsidized housing is apparent, making Section 8 an attractive option for both tenants and landlords. The median income of $46,335 supports the notion that many residents would qualify for Section 8 assistance, thereby stabilizing the rental market and ensuring steady occupancy rates.
In conclusion, the data points towards a favorable environment for Section 8 housing in ZIP 26280, with a substantial renter base and a need for affordable rental options. Landlords should consider the Section 8 program as a viable strategy to maintain competitive rents and ensure stable tenant populations.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.