Location: Taylor County, WV | Metro: Taylor County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 26424 stands as a market in motion, with specific dynamics that can be inferred from the snapshot of available data. The Fair Market Rent (FMR) for the area, set at $1,100 for fiscal year 2026, reflects the government's benchmark for affordability. This figure is critical for landlords and investors involved in Section 8 housing, as it determines the rental assistance payments.
While the market rent is currently unavailable, the lack of data on price-cut share and days on market (DOM) suggests a stable housing environment, without significant fluctuations in pricing or prolonged periods of unsold inventory. This stability can indicate a balanced market where neither supply nor demand overwhelmingly outpaces the other, but further analysis is required to confirm this.
The 14.4% renter share provides insight into the long-term housing pressures within ZIP 26424. A higher percentage of renters can signal persistent demand for affordable housing options, which could translate into sustained interest from tenants in Section 8 properties. This demographic trend supports the idea that there is a continuous need for rental units, potentially leading to a steady occupancy rate for landlords and investors.
In summary, ZIP 26424 presents a market characterized by government-set rental benchmarks and a notable renter population. These factors suggest an ongoing demand for affordable rental housing, aligning well with the objectives of Section 8 landlords and small-portfolio investors. The absence of significant market rent data and the stable indicators around price-cut share and DOM point towards a market that is likely neither oversupplied nor under-supplied, but rather maintaining a steady state.
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.