Section 8 Fair Market Rent (FMR) for ZIP 26555 - 2027

FY 2027 Fair Market Rent Rates

To determine if a landlord should invest in ZIP 26555 (Unknown, WV) for Section 8 properties, follow these steps:

Step 1: Can the Fair Market Rent (FMR) of $1,010 cover your debt service on a property in this area?

• If Yes, proceed to Step 2.
• If No, investing in Section 8 properties in this ZIP code is financially unviable due to insufficient rental income to meet debt obligations.

Step 2: How does the local market rent compare to the FMR?

• If Market Rent is Above FMR: This indicates that Section 8 rents may be lower than what you could get from market-rate tenants. Consider the potential for higher income from non-Section 8 tenants before proceeding.
• If Market Rent is Equal to or Below FMR: The Section 8 program provides competitive rents, making it a viable option for investment.

Step 3: Is there sufficient demand in the form of renters and days on the market (DOM)?

• If Yes, the combination of renters and DOM suggests a strong enough market to support Section 8 investments.
• If No, low demand could lead to prolonged vacancy periods, reducing the attractiveness of Section 8 investments in this ZIP code.

Note: Due to the lack of specific data on market rent, percentage of renters, and DOM, the analysis is limited. To make an informed decision, a landlord must gather detailed local market data to assess the financial viability of Section 8 properties in ZIP 26555.

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.