Location: Taylor County, WV | Metro: Morgantown, WV MSA
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 | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $790 | $96,737 | 0.82% | C |
| 2BR | $990 | $119,777 | 0.83% | C |
| 3BR | $1,220 | $197,395 | 0.62% | D |
| 4BR | $1,500 | $219,429 | 0.68% | D |
U.S. Census Bureau data (2024)
The ZIP code 26354, located in Grafton, WV, within Taylor County, stands out due to its unique demographic and economic characteristics. With a population of 9,558 residents, only 13.1% rent their homes, indicating a strong preference for homeownership. The median income in this area is $52,742, and the median home value is significantly higher at $155,334, reflecting a stable local economy.
In terms of Section 8 housing economics, the Fair Market Rent (FMR) for ZIP 26354 in fiscal year 2024 is set at $1,090. This figure is notably higher than the actual market rent, which is estimated at $518 based on Census ACS data. Landlords and small-portfolio investors should take note of this discrepancy, as it suggests that properties rented through Section 8 vouchers can command higher rents compared to the general market, potentially leading to better financial outcomes.
The data signature for ZIP 26354 indicates a relatively stable environment. Despite the low rental rate, the significant gap between the FMR and market rent presents an opportunity for landlords who can leverage the higher subsidy rates to attract tenants. The high median home value also points towards a mature residential market where property appreciation and stability are likely. Overall, while the ZIP code shows signs of being firmly established, the dynamics of Section 8 voucher economics provide a steady and predictable revenue stream for those willing to participate in the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.