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 | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $105,168 | 0.94% | C |
| 3BR | $1,190 | $178,898 | 0.67% | D |
| 4BR | $1,570 | $227,831 | 0.69% | D |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord investing in ZIP code 26588 in Rivesville, WV, include tenant turnover, vacancy exposure, and deferred maintenance. Tenant turnover is likely to be higher due to the market rent being $835 compared to the Fair Market Rent (FMR) of $890 for FY 2024. This discrepancy can cause instability among tenants who might prefer higher rental assistance payments.
Vacancy exposure remains uncertain because the days on market (DOM) data is not available. This lack of information makes it difficult to predict how quickly properties will be rented out, which can affect cash flow and profitability.
Deferred maintenance is another significant concern. With an average home value of $137,216 and a median household income of $60,990, residents may struggle to afford necessary repairs and upgrades, leading to potential issues that could affect property value and rental stability.
However, these risks must be weighed against the high concentration of renters in the area. The renter share stands at 14.9%, indicating a robust demand for rental housing. High renter density typically translates into greater interest in Section 8 vouchers, which can provide a steady stream of qualified tenants.
A first-time Section 8 landlord in ZIP code 26588 should expect moderate risk.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.