Location: Harrison County, WV | Metro: Harrison County, WV
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 | $850 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $130,262 | 0.86% | C |
| 3BR | $1,470 | $236,759 | 0.62% | D |
| 4BR | $1,700 | $361,757 | 0.47% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 26408, Mount Clare, WV, on the axes of yield and stability reveals a unique market scenario. With a Fair Market Rent (FMR) of $1,040 for the fiscal year 2026, and a median home value of $201,321, the potential yield is moderate. However, the limited data on market rent and days on market (DOM) indicate an underdeveloped rental market.
The stability of the area is influenced by several factors, including the percentage of renters at 7.3%, which is quite low, suggesting that homeownership is prevalent. The lack of DOM data makes it difficult to assess how quickly properties can be leased out. The median household income of $72,819 provides some insight into the economic stability of the residents but does not fully compensate for the sparse rental market.
To determine whether this is a high-yield/low-stability flip-style market or a steady-cashflow zone, we must consider the FMR in relation to the median home value. At $1,040, the FMR represents a rental price that is relatively low compared to the median home value, indicating that the potential for high rental yields is constrained. This suggests that the market is not particularly geared towards high-yield flipping strategies, where quick turnover is key to profitability.
The low percentage of renters and the unknown DOM figure imply a less stable rental environment. In areas with higher renter populations and known DOM statistics, landlords can better predict the speed and ease of leasing properties. In contrast, Mount Clare's rental market appears to be less active and potentially slower to turn over, affecting the stability of cash flow.
Given these considerations, ZIP 26408 leans more towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The relatively low FMR and median home value combination suggest a modest rental income potential, while the low renter population and uncertain DOM statistics point to a need for patience and a long-term investment strategy to ensure consistent returns.
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.