Location: Doddridge County, WV | Metro: Doddridge County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
50.0% of residents in ZIP code 26436 are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to understand the local market dynamics. In ZIP 26436, the Fair Market Rent (FMR) for a metro area as of fiscal year 2026 is set at $950. This figure represents the maximum amount that a Section 8 voucher holder can pay for rent, making it an essential benchmark for rental pricing.
The renter share being so high suggests strong demand for affordable rental properties in the area. However, without specific data on market rents and median home values, it's challenging to gauge how competitive the rental market is compared to homeownership. The lack of median income data also means we cannot fully assess the financial capacity of potential tenants to afford the $950 FMR.
Despite these gaps in information, the 50.0% renter share underscores the importance of Section 8 vouchers in the housing landscape of ZIP 26436. For landlords, accepting Section 8 vouchers can ensure a steady stream of reliable tenants who are able to cover their rent obligations. The $950 FMR provides a clear guideline for setting rental prices that align with government assistance levels, thus attracting voucher holders.
In conclusion, with half of the residents being renters and a defined FMR, ZIP 26436 presents a viable opportunity for landlords and small-portfolio investors interested in the Section 8 program. The high renter share supports the notion that there is a robust need for affordable rental units, which can be effectively met through participation in Section 8. Accepting Section 8 vouchers in ZIP 26436 is a sound investment strategy given the local housing demands.
Verdict: Accepting Section 8 vouchers is a strategic move in ZIP 26436 due to the 50.0% renter share and the $950 FMR.
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.