Location: Pendleton County, WV | Metro: Pendleton 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 | $760 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $193,477 | 0.49% | F |
| 3BR | $1,250 | $224,016 | 0.56% | F |
| 4BR | $1,260 | $294,945 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 26807, encompassing Franklin, WV, reveals a housing market that is in a state of flux. The Fair Market Rent (FMR) stands at $880 for the fiscal year 2026, while the actual market rent is currently at $725. This discrepancy suggests that the rental market is somewhat stable but with room for potential growth towards the FMR. The low price-cut share of 0.1% indicates that landlords and property owners are generally not having to reduce their asking prices, which could imply that the market is maintaining a balance between supply and demand.
The median home value in the area is $216,083. This figure provides a snapshot of the overall housing affordability and value perception in the region. However, the lack of data on days on the market (DOM) makes it challenging to determine whether homes are selling quickly or lingering on the market, which would be indicative of high demand or surplus supply, respectively.
A key indicator of the housing dynamics in Franklin, WV, is the 11.2% renter share. This relatively low percentage of renters suggests that homeownership is prevalent in the area. Despite this, the presence of renters can still exert pressure on the housing market, especially if there is an increase in the number of renters due to factors such as job availability or changes in the local economy. The low renter share might also indicate that the area has a strong preference for homeownership, which could mean that any increase in rental demand could lead to significant upward pressure on rents.
The market conditions in ZIP 26807 suggest a scenario where demand is closely matched with supply, but the potential for change remains. Landlords and small-portfolio investors should keep a close eye on local economic trends and demographic shifts, as these can influence both the rental and purchase markets. Given the current figures, it's clear that the market is not characterized by extreme supply or demand imbalances, but rather by a dynamic equilibrium that could shift based on external factors.
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.