Location: Pendleton 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 | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $161,209 | 0.58% | F |
| 3BR | $1,220 | $206,008 | 0.59% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 26855, which encompasses Petersburg, WV, presents a unique set of dynamics that are worth examining. The Fair Market Rent (FMR) for the area, as of fiscal year 2026, stands at $870. This figure, while significant, lacks context without a comparison to current market rents, which are currently unavailable. However, the median home value of $176,402 provides insight into the overall housing landscape.
The 8.3% renter share in the area indicates a relatively low proportion of renters compared to homeowners. This suggests that there might be less immediate pressure on rental markets, but it also implies a potential long-term challenge. With fewer renters, the area could face difficulties if economic conditions change, leading to an increased need for affordable rental options. Landlords and small-portfolio investors should be prepared for such shifts by maintaining properties that can serve both owner-occupiers and potential renters.
While specific percentages for price-cut shares and days on market (DOM) are not available, the median home value can hint at the balance between supply and demand. A lower median home value might suggest a market where supply slightly outpaces demand, as it could indicate that homes are priced to sell rather than holding out for higher offers. However, this inference must be made cautiously without direct evidence from recent sales or listings data.
In summary, ZIP 26855 is characterized by a modest rental market and a lower median home value. The low renter share points to a predominantly owner-occupied community, which could shift under changing economic circumstances. Investors should consider these factors when evaluating opportunities in the area, focusing on the stability of owner-occupied housing while keeping an eye on the potential for growth in the rental sector.
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.