Location: Wetzel County, WV | Metro: Tyler County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The classification of ZIP code 26377 hinges on the analysis of its yield potential and stability metrics. With a Fair Market Rent (FMR) of $920 for the fiscal year 2026, compared to the median home value of $91,417, this area presents a moderate yield opportunity. The FMR indicates the average rental price that can be expected, while the home value suggests the typical cost of property acquisition. Given that the FMR is notably lower than the median home value, it implies a scenario where rental income is a significant portion of the total property value, but not exceptionally high.
On the stability axis, the ZIP code exhibits a mixed profile. Only 17.7% of residents are classified as renters, which is relatively low. This percentage suggests a smaller pool of potential tenants, potentially leading to higher vacancy rates and less consistent cash flow. Additionally, the median household income stands at $51,198. While this figure is indicative of the economic health of the area, the lack of data on days on market (DOM) for rentals makes it difficult to assess the speed at which properties can be leased out, a critical factor for stability.
The absence of specific market rental prices and days on market data complicates a straightforward classification. However, based on the available data, ZIP 26377 leans towards being a steady-cashflow zone. The yield is not particularly high due to the relatively low FMR compared to the median home value, and the low renter percentage suggests a stable demand for rentals rather than a volatile market. The income figure supports this notion, indicating that residents have sufficient means to afford rent without excessive risk of default.
To further refine this assessment, landlords and investors should consider conducting additional research into local rental trends and tenant demographics. This will provide a clearer picture of the rental market's dynamics and help in making informed investment 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.