Location: Mineral County, WV | Metro: Grant County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 26743, located in Maysville, WV, within the Mineral County, WV metro area, is favorable for Section 8 landlords. The Fair Market Rent (FMR) for FY 2024 is set at $910, which is the maximum rental amount that can be charged under the program. While the exact market rent is not available, the FMR provides a solid benchmark for ensuring that rental income aligns with the housing assistance payment standards.
Acquisition of properties in this area is relatively affordable, given the median home value stands at $225,581. Although the days on market (DOM) and the percentage of homes that have been discounted are not specified, the lower median home value suggests that purchasing a property could be cost-effective compared to more expensive markets. This makes it easier for investors to acquire assets without overextending their budgets.
Tenant demand in ZIP 26743 is moderate. With a total population of 2,216, approximately 9.4% of residents are renters. This indicates that while the overall number of potential tenants might be limited due to the small population size, there is still a viable pool of individuals seeking rental housing. Landlords can expect steady but not overwhelming demand for their properties.
Verdict: Investing in ZIP 26743 through Section 8 is a sound strategy, especially considering the clear rent math with the $910 FMR. Property acquisition is affordable with the median home value at $225,581, and although tenant demand is not high due to the small population, the 9.4% renter share ensures a consistent stream of potential occupants. This combination makes the area attractive for landlords looking to enter or expand in the Section 8 market.
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.