Section 8 Fair Market Rent (FMR) for ZIP 26298 - 2027
Location: Webster County, WV | Metro: Webster County, WV
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 26298 for Section 8 investment, follow this decision tree:
- Does the Fair Market Rent (FMR) of $870 for the metro area in fiscal year 2026 clear debt service on a property?
- If the answer is yes, proceed to the next question.
- If the answer is no, then investing in this ZIP code for Section 8 is not advisable as the rental income will not cover your financial obligations.
- Is the market rent above, at, or below the FMR?
- If the market rent is above $870, it indicates a potential for higher returns, but you must also consider the willingness of tenants to pay more than the FMR.
- If the market rent is at or below $870, then the FMR serves as the ceiling for Section 8 rents, and you should expect to receive exactly $870 per month for a two-bedroom unit, assuming the property qualifies.
- Are 0.0% of renters and N/A-day days on market (DOM) sufficient to meet demand?
- A 0.0% rental rate suggests that there are no renters in the data set for ZIP 26289, which is likely an error or an indication of insufficient data. This makes it difficult to assess the actual demand for rentals.
- The N/A-day DOM indicates incomplete data regarding how long properties stay on the market before being rented out. This is crucial for understanding the speed at which you can expect to fill vacancies.
Based on the provided information, the decision to invest in ZIP 26298 for Section 8 purposes is contingent upon whether the FMR of $870 clears debt service on a property. However, due to the lack of complete market rent data and the apparent error in the percentage of renters, making a definitive recommendation is challenging. It depends on additional factors such as the cost of the property, the specifics of the debt service, and the overall demand for housing in the area beyond the given data points.
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.