Section 8 Fair Market Rent (FMR) for ZIP 26348 - 2027
Location: Wetzel County, WV | Metro: Wetzel County, WV
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 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 a landlord should invest in ZIP code 26348 for Section 8 properties, follow this decision tree:
- Does FMR $940 (metro FY 2026) clear debt service on a property?
- If you can find a property where the debt service (including mortgage payments, insurance, taxes, and maintenance) is less than or equal to $940 per month, then the answer is Yes. This means the Fair Market Rent (FMR) covers your expenses.
- If the debt service exceeds $940, then the answer is No. The FMR does not sufficiently cover your costs, making investment unprofitable.
- Is market rent above, at, or below FMR?
- If market rent is above $940, then landlords might prefer traditional tenants over Section 8. In this case, the answer is It Depends, as landlords must weigh the benefits of higher rents against the stability Section 8 provides.
- If market rent is at or slightly below $940, then landlords can consider Section 8 as a viable option. The answer is Yes.
- Are 5.0% of renters and N/A-day days on the market (DOM) enough demand?
- If the percentage of renters interested in Section 8 housing is 5.0%, and the average days on the market (DOM) is low (indicating quick turnover), then there is sufficient demand. The answer is Yes.
- If the DOM is high, indicating slow turnover, then the demand is insufficient. The answer is No.
- If the DOM is moderate, and the percentage of renters is around 5.0%, then the answer is It Depends, as landlords need to assess whether the rental volume supports their investment goals.
Note that without specific data on market rent and DOM, some branches of the decision tree cannot provide a definitive answer. Landlords must research local market conditions to make informed decisions.
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.