Location: Mineral County, WV | Metro: Mineral County, WV
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 | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $193,503 | 0.49% | F |
| 3BR | $1,250 | $267,543 | 0.47% | F |
| 4BR | $1,260 | $344,859 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 26719, encompassing Fort Ashby, WV, presents a real estate market characterized by a balance between rental and ownership dynamics. The Fair Market Rent (FMR) for the area stands at $910 for fiscal year 2024, indicating a moderate cost for renters. In contrast, the market rent as per the Census ACS data is listed at $766. This suggests that while the official FMR is higher, actual market conditions might offer some flexibility in rental pricing.
The median home value in Fort Ashby is $246,342. Although specific percentages for price-cut shares and days on the market (DOM) are not available, the gap between FMR and market rent, alongside the median home value, points towards a market where supply slightly outpaces demand. This conclusion is drawn from the fact that market rents are typically lower than FMRs when there is an abundance of rental properties available, suggesting landlords are willing to accept slightly less to secure tenants.
The 15.1% renter share highlights a predominantly owner-occupied community. However, this figure also indicates a persistent segment of the population that relies on rentals, which could be due to various factors such as affordability or lifestyle choices. A significant portion of renters can exert long-term housing pressure, as it suggests a continuous demand for rental properties that may influence future housing trends and investment opportunities.
In summary, Fort Ashby's real estate market is one where supply marginally exceeds demand, particularly in the rental sector. The relatively low renter share signals a stable but evolving market, with ongoing pressure to maintain a mix of rental and owned properties to meet the diverse needs of residents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.