Section 8 Fair Market Rent (FMR) for ZIP 26386 - 2027

Location: Harrison County, WV | Metro: Harrison County, WV

Investment Score for ZIP 26386

Monthly Rent (2BR)

$1,050

Median Price (2BR)

$75,116

1% Rule

1.4%

Annual Yield

16.77%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$930
2 Bedrooms	$1,050
3 Bedrooms	$1,380
4 Bedrooms	$1,610
5 Bedrooms	$1,868
6 Bedrooms	$2,092
7 Bedrooms	$2,259
8 Bedrooms	$2,372

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,050	$75,116	1.4%	A
3BR	$1,380	$140,362	0.98%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,243

Median Household Income

$75,720

Housing Units

1,021

Renter Percentage

8.4%

Occupancy Rate

80.6%

Renter Occupied

The ZIP code 26386, encompassing Lumberport, WV, is a region that offers unique opportunities for real estate investment, particularly in the rental market. This area is characterized by its modest property values and a relatively stable demand for housing.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $980.
The average market rent for properties in ZIP 26386, according to the Census American Community Survey (ACS), stands at $439.
The median home value in Lumberport, WV is $92,544, indicating a lower barrier to entry for potential investors.
Renters make up 8.4% of the housing market, suggesting a smaller but steady demand for rental properties.
The median household income in the area is $75,720, providing insight into the financial stability of residents.
The data on days on market (DOM) is not available, which could imply a slower moving market or limited recent transactions.

Investors looking to enter the market in Lumberport, WV should consider the gap between the Fair Market Rent and the current market rent as an indicator of potential rental growth. The low median home value presents an opportunity to acquire properties at a reasonable cost, while the median income figure suggests that tenants can afford higher rents, potentially aligning with the FMR. However, the small share of renters might indicate that the market is primarily owner-occupied, which could affect the demand for rental properties. The absence of DOM data highlights the need for further investigation into the local real estate activity before making investment decisions.

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.