Location: Grant County, WV | Metro: Grant 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 | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $126,754 | 0.8% | C |
| 3BR | $1,360 | $176,817 | 0.77% | D |
U.S. Census Bureau data (2024)
14.6% of residents in ZIP 26739, Mount Storm, WV, are renters, indicating a modest demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, which provides a benchmark for affordable housing pricing. However, the lack of specific market rent data suggests that this figure may be reflective of the broader regional trends rather than the local specifics. The median home value stands at $146,376, offering insight into the overall property values in the area. Landlords and small-portfolio investors should note that the median income in Mount Storm is $42,000, which could influence the affordability of rents for potential tenants. With no available data on days on market (DOM) or the percentage of price-cut shares, it's challenging to gauge the current market dynamics in terms of how quickly properties sell and the frequency of price adjustments. Nonetheless, the combination of a relatively low median home value and a moderate renter population makes Mount Storm an interesting market for those looking to invest in Section 8 properties. Given the FMR of $930 and the median income of $42,000, the area aligns well with the financial capabilities of Section 8 participants. Therefore, for investors focused on affordable housing, Mount Storm presents a viable opportunity.
Section 8 Verdict: Suitable for investment, given the alignment between FMR and median income levels.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.