Location: Wetzel County, WV | Metro: Wetzel County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 26437, located in Wetzel County, WV, reveals several key points regarding its suitability for rental investment.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area, as determined for fiscal year 2026, stands at $940. However, the actual market rent based on Census ACS data is significantly lower at $506. This discrepancy indicates that landlords would need to adjust their expectations to align with the local market conditions, as setting rents at the FMR level would likely result in unoccupied units.
Regarding the affordability of acquisitions, the median home value in ZIP 26437 is $68,577. With no available data on the average number of days on the market (DOM) or the percentage of homes requiring price cuts, it's challenging to provide a definitive assessment. Nonetheless, the relatively low median home value suggests that property acquisition could be feasible for small-portfolio investors, especially those seeking undervalued assets.
There is also a notable tenant demand in the area. With a total population of 502, and 32.0% of residents being renters, there is a consistent base of potential tenants. This percentage translates into approximately 161 individuals who are actively looking for rental housing, indicating a stable demand for rental properties despite the small population size.
Verdict: While the rent math does not favorably compare due to the significant gap between FMR and market rent, the low median home value presents an opportunity for affordable acquisitions. The presence of a steady tenant demand, albeit in a small market, suggests that carefully managed rental properties can succeed in ZIP 26437. Landlords should set realistic rental rates and consider the unique dynamics of this micro-market to ensure profitability and occupancy.
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.