Location: Harrison County, WV | Metro: Harrison County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
The market analysis for Section 8 investors in ZIP code 26302 reveals several key points that are crucial for decision-making. The HUD Fair Market Rent (FMR) for the Harrison County, WV metro area, for fiscal year 2026, is set at $960. However, the specific market rent data for ZIP 26302 is currently unavailable, which suggests a lack of comprehensive local rental pricing data.
Given the absence of market rent figures, it's challenging to definitively state how well voucher tenants will cashflow at the FMR rate. Typically, when the FMR aligns closely with market rents, voucher tenants can provide steady cashflow. In areas where market rents exceed the FMR, cashflow might be marginal unless investors focus on premium units that are already priced below market rates but above the FMR. Without precise market rent data, we cannot make a strong assertion about cashflow potential in ZIP 26302.
The median home value in ZIP 26302 is also not available, making it difficult to calculate an exact rent-to-price ratio. This ratio helps investors understand the relationship between rental income and property values, which is important for assessing long-term investment strategies such as buy-and-hold versus flipping properties. The unavailability of this metric indicates a need for further local research to fully grasp the buy-versus-rent dynamics.
Regarding the Days on Market (DOM) and the percentage of homes that experience price cuts, these metrics are also not provided. These figures are critical for understanding the local real estate market's liquidity and competitiveness. If the DOM is high and the price cut percentage is significant, it could indicate a slower market, affecting both rental and sales strategies.
The strongest angle for investors in ZIP 26302 appears to be stability. With the FMR set at a fixed rate and the lack of volatile market rent data, there is potential for consistent returns through Section 8 tenancy, assuming the local market supports the FMR rate. Stability can be particularly appealing to small-portfolio investors looking for reliable income streams without the risk associated with fluctuating market conditions.
Data Sources: FMR data from HUD (2027).
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.