Location: Taylor County, WV | Metro: Morgantown, WV MSA
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 | $860 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $153,307 | 0.76% | D |
| 3BR | $1,460 | $225,120 | 0.65% | D |
U.S. Census Bureau data (2024)
In Grafton, West Virginia, the real estate landscape in ZIP code 26440 presents a unique scenario for both landlords and small-portfolio investors. The median home value stands at $176,763, indicating a relatively stable housing market. Despite this stability, the lack of percentage data on listings that have been reduced suggests a market where sellers are holding firm on their asking prices, which could imply strong seller's market conditions.
The absence of specific data regarding the median days on market (DOM) further supports this notion, as it often indicates that homes are selling quickly, sometimes even before reaching typical listing durations. This rapid turnover can be a sign of robust demand, particularly if there are limited supply constraints. For landlords and investors looking to capitalize on short-term opportunities, this quick turnover could translate into faster property sales or higher rental yields, given the right market conditions.
On the rental side, the Fair Market Rent (FMR) for ZIP code 26440 is set at $990 for fiscal year 2024. Without comparative market data, it's challenging to gauge how this figure stacks up against current market rents. However, if the FMR is indicative of the broader rental trends, it signals a potential for steady rental income, assuming the market remains stable or slightly improves. The alignment between FMR and actual market rents is crucial for Section 8 landlords, as it directly impacts the viability of maintaining rental properties under this program.
For long-term investors, the setup in Grafton suggests a cautious approach. The median home value and the current FMR indicate a market that is neither overheating nor in decline. While there is no explicit data suggesting significant appreciation, the stability and quick turnover of properties hint at a resilient market that could withstand economic fluctuations better than volatile markets. Investors should focus on maintaining competitive rental rates and ensuring properties meet Section 8 standards to attract and retain tenants effectively.
The combination of these factors points towards a market where landlords and investors can expect consistent returns but should not anticipate rapid capital appreciation. Instead, the emphasis should be on managing costs, improving property values through strategic investments, and leveraging the stability of the housing and rental markets to ensure long-term success.
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.