Location: Grant County, WV | Metro: Grant County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
ZIP code 26707, located within the Grant County, WV metro area, presents a unique scenario when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for 26707 is set at $930 for fiscal year 2026, which is higher than the market rent of $690 observed in the area. This discrepancy suggests that 26707 is likely a value pocket for small-portfolio investors and landlords, as it offers an opportunity to charge closer to the FMR without the corresponding increase in home values.
The renter share of 13.6% in 26707 is notable, especially given the absence of data on home values. In general, a higher renter share can indicate a greater demand for rental properties, which is beneficial for landlords. However, the lack of information on home values makes it challenging to fully assess the overall property market dynamics in this ZIP code. Typically, a high renter share combined with lower-than-average home values can signal a sweet spot for Section 8 housing, where the rental rates are more aligned with government-subsidized payment standards.
While the FMR of $930 is above the market rent of $690, this does not necessarily mean that 26707 is a premium sub-market. Instead, it indicates that there may be a segment of the population willing to pay more for housing, possibly due to factors such as proximity to employment centers, public transportation, or amenities. However, the actual market conditions will depend on the specific characteristics of the ZIP code, including the types of properties available and the demographics of its residents.
In summary, ZIP 26707 appears to offer a favorable environment for landlords and small-portfolio investors looking for a value pocket within the Grant County, WV metro area. The higher FMR relative to market rent and the significant renter share suggest that there could be opportunities to attract Section 8 tenants while maintaining competitive rental prices. However, further analysis would be needed to understand the full context of the housing market in this ZIP code.
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.