Location: Weirton-Steubenville, WV | Metro: Weirton-Steubenville, WV-OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
7.1% of the residents in ZIP code 43939 are renters, indicating a modest but present demand for rental properties. This percentage aligns with the $910 average market rent reported by the Census Bureau's American Community Survey, suggesting that landlords can expect to charge this amount per month for their units. In contrast, the $950 Fair Market Rent (FMR) for zip code 43939, as determined for fiscal year 2024, provides a benchmark slightly above the market rate, allowing landlords to adjust their pricing strategies accordingly. The median income in the area stands at $46,250, which is a critical figure for assessing the financial capability of potential tenants.
The absence of data on days on market (DOM) and the percentage of price-cut shares indicates stability in the local real estate market, without significant fluctuations or prolonged vacancies. Landlords can confidently maintain their rental rates, knowing that there is a steady demand and that the market is not experiencing excessive competition or rapid changes.
When considering Section 8 participation, the $950 FMR serves as an important guideline. It represents the maximum rent that can be charged to tenants participating in the Section 8 program, ensuring that landlords receive a fair compensation while still making housing affordable for low-income families. Given the $910 market rent, landlords who choose to participate in Section 8 will likely find that their properties are well-aligned with the program's rent limits, facilitating smoother tenant placement processes.
Despite the lack of specific figures for median home values, the overall economic indicators suggest a balanced market where both homeowners and renters coexist. For small-portfolio investors looking to diversify their holdings, Section 8 properties in ZIP 43939 offer a reliable stream of income with minimal risk of vacancy.
Landlords in ZIP 43939 should consider the $950 FMR as they evaluate their properties for Section 8 eligibility. This figure ensures that rents remain competitive yet profitable, especially given the 7.1% renter share and the stable median income of $46,250. Participation in Section 8 can provide a consistent and predictable source of rental income, making it a viable option for those seeking long-term investment stability.
Verdict: Section 8 participation is advisable in ZIP 43939, given the alignment between market rents and FMR, coupled with a stable economic environment.Data Sources: FMR data from HUD (2027). 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.