Location: Marion County, WV | Metro: Marion County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 26563 is characterized by a significant rental population, with 50.4% of residents being renters. This indicates that the area has a substantial demand for rental housing, which can be leveraged by landlords and small-portfolio investors looking to attract Section 8 tenants. The high percentage of renters suggests a robust tenant pool, particularly for those utilizing housing vouchers.
Despite the median household income being listed as N/A, we can still make meaningful comparisons using the available data on market rents and the Fair Market Rent (FMR) figure of $910 for the fiscal year 2026 in the metro area. The typical market rent in ZIP 26563 is also listed as N/A, but assuming it aligns closely with the FMR, we can infer that rent consumes a considerable portion of local incomes. For instance, if the average income is around $20,000, then the $910 monthly rent would represent approximately 5.45% of annual income, making it a manageable expense for many residents.
Comparing the FMR of $910 to the voucher amount for the same period, landlords in ZIP 26563 should expect to see tenants who are primarily low-income individuals and families. These tenants will likely have a strong need for affordable housing options and may rely heavily on their housing vouchers to cover the majority of their rent payments. It's important to note that while the exact income figures are unavailable, the presence of a high percentage of renters points towards a community where affordable housing is a critical factor in attracting and retaining tenants.
In summary, ZIP 26563 presents itself as a viable market for landlords interested in Section 8 tenants due to its renter-heavy composition and the likelihood of a strong voucher demand. Landlords should prepare to cater to low-income households, ensuring that their properties meet the necessary standards set by the program to maximize occupancy rates and financial stability.
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.