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 | $1,220 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $173,102 | 0.7% | D |
U.S. Census Bureau data (2024)
ZIP code 26293, located in Randolph County, WV, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The key metric supporting this assessment is the Fair Market Rent (FMR) for the metro area, which is set at $960 for fiscal year 2026. This figure represents the maximum amount that landlords can charge tenants participating in the Section 8 program, ensuring a stable and predictable income stream.
The median home value in ZIP 26293 stands at $166,551, indicating that property acquisition costs are relatively low compared to other regions. While there is no specific data on the market rental rates available, the FMR provides a benchmark that landlords can use to structure their rental agreements, ensuring they remain competitive while still adhering to program guidelines.
The lack of detailed market data on rental prices and days on market (DOM) suggests that the local rental market may be less volatile, which aligns well with the goal of creating a stable cash flow. Landlords can rely on the Section 8 program to cover the majority of their rental income, minimizing the risk associated with tenant turnover and vacancy periods.
ZIP 26293's renter share is 4.4%, which is modest but contributes to the diversification of a portfolio. However, this aspect is secondary to the primary role of providing consistent cash flow. The absence of data on median income further underscores the importance of focusing on the FMR as a reliable indicator for rental pricing.
In summary, ZIP 26293 should be considered a cash-flow anchor due to the clear FMR guidance and the relatively low median home values. This makes it easier for landlords to manage properties and ensure steady income without the need for frequent adjustments to rental rates or extensive market analysis.
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.