Location: Braxton County, WV | Metro: Braxton County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 26629 presents a unique snapshot of the housing market, revealing dynamics that are indicative of both supply and demand pressures. With a Fair Market Rent (FMR) of $870 for the fiscal year 2026, it suggests that rental pricing is being closely monitored, likely due to the area's evolving economic landscape. The absence of current market rent data and the percentage of price-cut shares implies that the rental market might be less active or transparent compared to the broader housing market.
The median home value of $135,236 indicates an affordable residential market, which can attract first-time buyers and those looking for a low-cost entry point into homeownership. This affordability could also be a reflection of the area's economic conditions, possibly leading to a mix of new constructions and older homes that are priced to sell.
A notable aspect of ZIP 26629 is the 39.5% renter share, a figure that points towards significant long-term housing pressure. This high proportion of renters suggests a steady demand for rental properties, potentially driven by factors such as job opportunities, student populations, or individuals waiting for the right moment to purchase a home. It also hints at the challenges faced by potential homeowners, who may find it difficult to transition into ownership due to financial constraints or other barriers.
The dynamics of this market reveal a balance between affordability and the need for rental accommodation. Landlords and small-portfolio investors should consider these factors when making investment decisions. An affordable market with a substantial renter base can provide stable returns through rentals, but the potential for homeownership growth should also be monitored as it can impact the overall housing demand and supply equilibrium.
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.