Location: Taylor County, WV | Metro: Barbour 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 | $830 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $179,564 | 0.84% | C |
| 4BR | $1,610 | $386,947 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 26347, with a population of 2,807, has 15.3% of residents who are renters. The median household income in this area stands at $61,250. This suggests that while there is a significant number of renters, the overall market may not be dominated by deep voucher demand.
To understand the dynamics of rental affordability, let's compare the median market rent of $992 to the median household income. In 26347, the typical rent consumes approximately 16.2% of the median household income. This percentage indicates that the cost of renting is manageable for most households, given their income levels.
Furthermore, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000. This figure is slightly higher than the current market rent in 26347, suggesting that the area is slightly below the metro average in terms of rent prices. Landlords in this ZIP code can expect to attract tenants whose incomes are relatively stable and who can afford the rent without heavy reliance on vouchers.
A landlord in 26347 should anticipate a tenant pool that is moderately dependent on housing vouchers. While there are renters, the percentage is not high enough to ensure a large volume of voucher holders. Tenants will likely have a mix of financial backgrounds, but generally, they should be able to manage their rent payments without significant strain on their budgets. It's important to note that the actual demand for vouchers can vary widely based on individual circumstances and the availability of affordable units.
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.