Location: Lewis County, WV | Metro: Braxton 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 | $710 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $168,101 | 0.74% | D |
U.S. Census Bureau data (2024)
The ZIP code 26447 stands out within the county due to its unique mix of residents and economic indicators. With a population of 1,174, it has a rental rate of 34.8%, indicating a moderate demand for housing rentals. The median income in ZIP 26447 is $64,688, which places it slightly above the national average, suggesting a relatively stable financial situation among its inhabitants. However, the median home value of $156,241 is notably lower than many other areas in the county, pointing to a more affordable residential market.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 26447 in the fiscal year 2026 is set at $870. This is significantly higher than the current market rent, which is reported at $715 based on Census ACS data. This discrepancy means that landlords participating in the Section 8 program can expect to receive a higher rent payment than what the market currently dictates, potentially leading to a more profitable investment scenario. The increased FMR also indicates a recognition of rising costs in the area, which could be beneficial for maintaining property values and covering expenses for landlords.
Given these economic factors, the data signature for ZIP 26447 reads as "stable." The median income supports the ability of residents to afford housing, and while the median home value is lower compared to surrounding areas, it still offers a comfortable living standard. The higher FMR compared to market rent provides an incentive for landlords to participate in the Section 8 program, ensuring a steady stream of income. Moreover, the rental rate suggests a balanced housing market where both homeownership and rental options are viable. Landlords and small-portfolio investors should consider the benefits of the higher FMR when evaluating the potential returns on investment in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.