Location: Mineral County, WV | Metro: Winchester, VA-WV MSA
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 | $1,020 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,770 | $286,194 | 0.62% | D |
U.S. Census Bureau data (2024)
In ZIP code 26852, there are several potential issues that could affect the viability of a Section 8 investment. Tenant turnover is a significant concern when comparing the market rent, which is currently unavailable, to the $1110 Fair Market Rent (FMR) set for fiscal year 2024. This discrepancy can lead to higher-than-average turnover rates if market rents rise above the FMR, causing tenants to seek better options. Additionally, vacancy exposure is a risk factor due to the lack of data on the Days on Market (DOM), which indicates how long it takes to fill a vacant unit. The typical home value in the area stands at $236,331, while the median income is $63,221. These figures suggest a potential issue with deferred maintenance, as the lower median income might limit homeowners' ability to invest in necessary repairs and upgrades, impacting property values and rental demand.
Despite these challenges, the 2.3% renter share in ZIP 26852 is a positive indicator. High renter density often correlates with higher demand for rental properties, including those participating in the Section 8 program. This increased demand can help mitigate some of the risks associated with tenant turnover and vacancy exposure, as there is a larger pool of potential tenants who qualify for vouchers and are actively seeking affordable housing.
The combination of these factors presents a moderate risk for a first-time Section 8 landlord in ZIP 26852. While there are notable risks related to tenant turnover and deferred maintenance, the presence of a substantial renter population provides a buffer against these concerns. Landlords should be prepared to manage their properties closely and ensure they meet all requirements to attract and retain qualified tenants under the Section 8 program.
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.