Section 8 Fair Market Rent (FMR) for ZIP 26667 - 2027
Location: Nicholas County, WV | Metro: Nicholas County, WV
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 26667 for Section 8 purposes, follow this decision tree:
- 1) Does FMR $940 (metro FY 2026) clear debt service on a property?
- If the answer is Yes, proceed to the next question. Otherwise, do not invest in this area for Section 8.
- 2) Is market rent above, at, or below FMR?
- If market rent is above FMR, then it depends on your ability to find properties that can be rented out at the FMR without significant vacancy risks.
- If market rent is at or below FMR, there's likely less risk of vacancy, making it more suitable for Section 8 investments.
- 3) Are 18.4% renters + N/A-day DOM enough demand?
- The 18.4% of renters suggests a moderate level of demand. However, the number of days on the market (DOM) is crucial to assess the actual demand.
- If DOM is low (below average), then the demand is strong enough, and the answer is Yes.
- If DOM is high (above average), then demand is weak, and the answer is No.
- If DOM is average, then it depends on other factors such as location within the ZIP code and competition from other rental properties.
In summary, if the FMR clears debt service and market rent is at or below FMR, consider the demand level indicated by DOM. Low DOM means strong demand, high DOM indicates weak demand, and average DOM requires further analysis.
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.