Location: Marion County, WV | Metro: Marion County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The ZIP code 26586 presents a unique snapshot in the real estate market, particularly when considering the implications for Section 8 landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $1,030 for the fiscal year 2026, which serves as a benchmark for rental prices within the ZIP code. However, the absence of data on current market rents, price-cut shares, days on market (DOM), and median home values suggests that there is limited activity or transparency regarding recent rental trends and property sales.
The 0.0% renter share figure is noteworthy. This indicates that the majority of residents in ZIP 26586 own their homes rather than renting. While this might initially seem positive for homeowners, it also points to a potential challenge for landlords and investors looking to capitalize on rental opportunities. The low renter share can be interpreted as a sign of stable, long-term housing pressure, meaning that the community has a strong preference for homeownership over renting. This dynamic could limit the growth potential for rental investments in the area, as fewer individuals are seeking rental properties.
The lack of data on market rent, price-cut share, and DOM implies that the market in ZIP 26586 may be less active compared to other areas. Landlords should consider this when evaluating the potential for quick turnovers or the ease of finding tenants. Additionally, the absence of a median home value makes it difficult to assess the overall wealth level of the community or the typical cost of purchasing a home, which could impact the willingness of residents to rent.
In summary, ZIP 26586 appears to be a market dominated by homeownership, with limited data suggesting a potentially sluggish rental market. For Section 8 landlords and small-portfolio investors, this means focusing on the stability offered by the low renter share while being cautious about the challenges posed by an underreported rental environment. The FMR provides a clear guideline for rental pricing, but the broader dynamics of the market remain somewhat opaque without additional current data points.
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.