Location: Wheeling, WV | Metro: Wheeling, WV-OH 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 | $700 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $820 | $49,298 | 1.66% | A+ |
| 2BR | $1,000 | $78,395 | 1.28% | A |
| 3BR | $1,290 | $129,798 | 0.99% | C |
| 4BR | $1,430 | $151,862 | 0.94% | C |
U.S. Census Bureau data (2024)
The ZIP code 43912, located in Bridgeport, OH, stands out in Belmont County due to its unique mix of population size and housing characteristics. With a total of 5,738 residents, 24.3% of whom rent their homes, the area reflects a modest rental market. The median household income in Bridgeport is $55,668, which is slightly below the national average but provides a stable economic foundation for the community. The median home value is notably higher at $94,903, indicating that homeownership is valued and affordable in this region.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 43912 in fiscal year 2024 is set at $860. This figure represents the benchmark for rental assistance under the Section 8 program. However, the actual market rent, as per the Census American Community Survey (ACS), is significantly lower at $656. This discrepancy suggests that landlords participating in the Section 8 program can expect to receive higher rents compared to the local market rate, making it an attractive option for property owners looking to secure steady income.
Bridgeport's data signature leans towards being stable. The relatively low percentage of renters indicates a strong preference for homeownership among residents, supported by the median home value that remains accessible. The median income, while not exceptionally high, provides a solid base for both renters and homeowners to sustain their living expenses. Given these factors, landlords and small-portfolio investors in ZIP 43912 can anticipate a market that is predictable and less prone to rapid changes. Participation in the Section 8 program can offer additional stability, ensuring a consistent source of rental income even if the local market fluctuates.
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.