Location: Harrison County, WV | Metro: Harrison County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The ZIP code 26404 is located in a predominantly owner-occupied area with a population of 113 residents. Notably, there are no reported renters in the area, indicating a strong preference for homeownership among the residents. The median household income in this ZIP code is $16,472, which is significantly lower than the national average. Given the lack of data on median home values, it suggests that the housing market here is either sparse or non-traditional.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,120. However, there is no available data on the market rent or the typical market rent in ZIP 26404, which further complicates the assessment of the rental market dynamics in this area. This absence of market rent data implies either a negligible rental sector or an underdeveloped market that does not attract significant attention from traditional real estate metrics.
Given the characteristics of ZIP 26404, it is unlikely to be an ideal location for hands-off Section 8 voucher operators due to the low number of renters and the potential challenges in finding suitable properties to lease. On the other hand, for hands-on value-add buyers who are willing to invest in property development or renovation, there might be opportunities to create affordable housing units that could benefit from the Section 8 program. These investors would need to consider the low median income when setting their price points and investment strategies.
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.