Location: Huntington-Ashland, WV | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area
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 | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $91,907 | 1.09% | B |
| 3BR | $1,280 | $147,137 | 0.87% | C |
| 4BR | $1,390 | $200,952 | 0.69% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 41175, South Shore, KY, for fiscal year 2024 is set at $870. This figure represents the payment standard for Section 8 Housing Choice Voucher program participants in your area. It is the maximum amount that the government will pay towards rent, not the actual rent you charge tenants.
To put this into perspective, consider that the average rent in the same area, according to the Census Bureau's American Community Survey, is approximately $764. This indicates that the FMR is slightly higher than the typical market rate, which can be beneficial for landlords participating in the Section 8 program. The higher FMR helps cover costs that might otherwise exceed the average rent, such as maintenance and property taxes.
The demand for rentals in South Shore is solid, with 24.8% of households being renters. This suggests that there is a reasonable pool of potential tenants who might benefit from the Section 8 program. However, it also means competition among landlords for these vouchers could be present, so understanding the local rental market is crucial.
When acquiring a property in South Shore, the median home value is around $129,841. This figure gives you an idea of the typical investment cost for a rental property in the area. Before deciding to enter the Section 8 market, ensure that the property you are considering meets the required standards set by the housing authority. These standards include health and safety requirements, which must be met to qualify for the program.
In summary, the FMR of $870 provides a guideline for how much you can expect to receive through the Section 8 program. While this is above the local average rent of $764, the 24.8% renter share indicates steady demand. The median home value of $129,841 shows the typical price point for acquisitions. To proceed confidently, verify that your property complies with all necessary health and safety standards set by the local housing authority.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.