Section 8 Fair Market Rent (FMR) for ZIP 26676 - 2027
Location: Nicholas County, WV | Metro: Nicholas County, WV
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$21,100
To determine if you should buy in ZIP code 26676 for Section 8 purposes, follow this decision tree:
- Does FMR $910 (metro FY 2026) clear debt service on a $119,479 property?
- If yes: The Fair Market Rent (FMR) of $910 is sufficient to cover the debt service on a property valued at $119,479. This indicates that the rental income will meet the financial obligations associated with owning the property.
- If no: The FMR of $910 does not clear the debt service on a property valued at $119,479. This means the rental income is insufficient to meet the financial obligations, making it a risky investment for Section 8 purposes.
- Is market rent N/A (N/A) above, at, or below FMR?
- If market rent is above FMR: Landlords can potentially charge more than the FMR of $910, which could provide a buffer against financial risks and allow for higher profit margins.
- If market rent is at FMR: Landlords will receive exactly the FMR of $910, which aligns perfectly with the rental income needed for Section 8 properties. There is no room for additional profit unless expenses are lower than expected.
- If market rent is below FMR: Landlords will likely have to accept rents lower than the FMR of $910, which could lead to financial difficulties, especially if operating costs exceed rental income.
- Are 0.0% renters + N/A-day DOM enough demand?
- If there is significant demand: High occupancy rates and low days on market (DOM) indicate strong demand, which is favorable for Section 8 investments. However, the data provided shows 0.0% renters and N/A-day DOM, suggesting either incomplete data or very low demand.
- If there is low demand: With 0.0% renters and N/A-day DOM, the demand appears too low to support a Section 8 investment. This could mean that finding tenants willing to pay the FMR of $910 is challenging, leading to prolonged vacancy periods and reduced income.
- It depends: Incomplete data makes it difficult to assess the true demand. Further investigation into local rental trends and Section 8 participation rates is necessary before making an informed decision.
The decision to invest in ZIP 26676 for Section 8 properties hinges on these three factors. Given the data provided, the lack of clear market rent and occupancy rate information suggests that more research is required to make a definitive recommendation.
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.