Location: Weirton-Steubenville, WV | Metro: Weirton-Steubenville, WV-OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
880 dollars is the Fair Market Rent (FMR) for ZIP 43941 in Unknown, WV, for fiscal year 2024. This figure represents the maximum amount that landlords can charge for a two-bedroom unit under the Section 8 Housing Choice Voucher program. Given that the market rent data is currently unavailable, it's essential to rely on the FMR as a benchmark for rental pricing in this area. The median home value and median income data are also not available at this time, which means investors should focus on other metrics to assess the market's health. For instance, the average days on market (DOM) is an important indicator of how quickly properties are renting out, though this data is also missing. Similarly, the percentage of listings that have had their prices cut is another critical metric, but it too remains unknown. Despite these gaps in data, the 880 dollar FMR provides a clear guideline for landlords participating in the Section 8 program. Landlords should ensure their rental properties meet the quality standards required by the program while adhering to the set FMR. Small-portfolio investors considering this ZIP code must be prepared to navigate a market with limited recent data, relying heavily on the FMR and other historical trends to make informed decisions. The lack of detailed local market information suggests a need for cautious investment strategies, focusing on properties that offer good value and are likely to attract tenants within the voucher limits. In conclusion, for ZIP 43941, the Section 8 program presents a stable, if data-limited, opportunity for landlords and investors, with the 880 dollar FMR serving as the primary anchor for rental rates.
Data Sources: FMR data from HUD (2027).
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.