Location: Marion 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 | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $110,323 | 0.9% | C |
| 3BR | $1,190 | $176,359 | 0.67% | D |
| 4BR | $1,510 | $192,134 | 0.79% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 26570, Fairview, WV, is set at $990 per month for the fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit. It's important to note that this is not the rent you will receive; rather, it's the benchmark used by the housing authority to determine if the rent you charge is reasonable.
In comparison, the average rent for the area is currently listed at $664 per month according to the latest Census American Community Survey data. This suggests that while the FMR provides a higher payment cap, the actual market rent may be lower. However, the FMR ensures that you won't lose money due to low rental rates, even if your property isn't rented at the maximum rate.
The renter share in Fairview is 13.2%, indicating a moderate demand for rental properties. While this percentage might seem low, it still represents a significant number of potential tenants who are looking for affordable housing. The Section 8 program helps fill this demand by subsidizing rents for eligible families.
If you're considering purchasing a property for a Section 8 rental in Fairview, the median home value is around $132,325. This price point makes it an attractive option for those looking to enter the rental market without a substantial upfront investment. However, ensure that the property meets the required standards set by the housing authority to qualify for the program.
Before making a final decision, verify that the property you are considering meets the minimum requirements for habitability and safety as outlined by the local housing authority. These standards include items such as proper heating, plumbing, and electrical systems, among other basic living conditions. Ensuring compliance will prevent delays and additional costs down the line.
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.