Section 8 Fair Market Rent (FMR) for ZIP 26527 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 26527, located in Morgantown County, WV, stands out due to its unique characteristics that differentiate it from other areas. The lack of specific data points regarding the number of residents, percentage of renters, median income, and median home value suggests a scarcity of detailed demographic information, which can be indicative of a smaller or less densely populated area.

Despite these data gaps, the voucher economics provide a clearer picture. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 26527 is set at $1090. This figure represents the maximum amount that landlords can charge tenants participating in the Section 8 Housing Choice Voucher program. Without comparable market rent data, it's challenging to assess how competitive this FMR rate is, but it does offer a stable income source for landlords who accept vouchers.

Given the limited data available, it's difficult to make a definitive statement about the overall stability or transitional nature of the ZIP code. However, the presence of a defined FMR rate can be seen as a stabilizing factor for rental housing economics in the area. Landlords can rely on this rate for predictable income, which is particularly valuable in regions where market fluctuations might otherwise pose challenges. In conclusion, while the broader economic and demographic indicators are unclear, the voucher program provides a reliable framework for rental pricing in ZIP 26527, making it somewhat stable from an investment perspective.

Data Sources: FMR data from HUD (2027).

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.