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 |
ZIP code 43970, located in Unknown, WV, falls within the Weirton-Steubenville, WV-OH MSA metro area. The Fair Market Rent (FMR) for this ZIP code is set at $880 for fiscal year 2024. While specific market rent and home value data for ZIP 43970 are not available, we can infer its position relative to other ZIP codes within the Weirton-Steubenville MSA based on the FMR figure.
The FMR of $880 for ZIP 43970 suggests it is likely a value pocket within the metro area. Typically, FMRs are lower than market rents and reflect the maximum amount that a household participating in the Section 8 Housing Choice Voucher program would pay. In comparison to the broader Weirton-Steubenville MSA, where median home values are generally around $100,000 to $150,000 and market rents are expected to be higher than the FMR, ZIP 43970 stands out with its relatively low FMR.
Without specific market rent data, it's reasonable to assume that actual market rents in ZIP 43970 could be higher than $880, but still within a range that makes it attractive for tenants seeking affordable housing options. This assumption is supported by the fact that FMRs are typically below market rates. The lack of home value data for ZIP 43970 further indicates it might have below-average property values compared to the rest of the MSA, which could contribute to its status as a value pocket.
The absence of a reported renter share percentage does not provide direct evidence to suggest it is a Section 8 sweet spot. However, given the low FMR and assuming below-average home values, it is plausible that ZIP 43970 could attract a higher proportion of renters who benefit from the Section 8 program. Landlords and small-portfolio investors considering this ZIP code should be aware of the potential for higher demand from subsidized renters, which could stabilize occupancy rates and provide steady rental income.
In conclusion, ZIP 43970 appears to be a value pocket within the Weirton-Steubenville, WV-OH MSA, characterized by its relatively low FMR and likely below-average home values. While specific market rent and renter share percentages are not provided, the available data suggest a market suitable for those interested in affordable housing investments.
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.