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Mercer County/Kellysville/24732

24732

ZIPFMR
Mercer County, WV
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$659$720
1 BR$746$790
2 BR$946$880
3 BR$1,250$940
4 BR$1,340$1,060
5 BR$1,541Not available
6 BR$1,772Not available
7 BR$2,038Not available
8 BR$2,344Not available

Purchase Price Calculator

Maximum purchase price
$68,851

Cost breakdown

+Likely effective rent$880
HUD FMR$946
Market rentUsed$880
Est. payment standard (95%)$900
-Principal and interest-$348
Loan amount$55,081
Down payment$13,770
Rate6.50%
Term30 years
-Operating costs-$332
Property taxes-$69
Insurance-$175
Utilities$0
HOA$0
Management-$88
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,467(105.1% ROI)
Projected value
$74,145
Return breakdown
Property appreciation+$5,294
Loan principal paid down+$1,973
Rental cash flow+$7,200
5-year hold
+$24,567(178.4% ROI)
Projected value
$77,899
Return breakdown
Property appreciation+$9,048
Loan principal paid down+$3,519
Rental cash flow+$12,000
10-year hold
+$51,670(375.2% ROI)
Projected value
$88,135
Return breakdown
Property appreciation+$19,284
Loan principal paid down+$8,385
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.91
2 BR
1.07
3 BR
1.33
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 24732 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 24732 (Kellysville, WV) is $946 a month. That is up 5.6% from $896 in FY 2026. Kellysville is in the Mercer County, WV non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 24732
BedroomsFY 2027Change90–110% range
Studio$659+6.6%$593–$725
1BR$746+4.0%$671–$821
2BR$946+5.6%$851–$1,041
3BR$1,250+3.6%$1,125–$1,375
4BR$1,340+6.5%$1,206–$1,474

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 24732
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$659$746$946$1,250$1,340
FY 2026$618$717$896$1,206$1,258
FY 2025$584$683$852$1,168$1,250
FY 2024$575$690$848$1,165$1,250
FY 2023$493$606$738$1,026$1,084

Questions about ZIP 24732 rents

How much will Section 8 pay for a two-bedroom in ZIP 24732?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $946, that basic range is $851 to $1,041 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 24732 in?

ZIP 24732 is in the Mercer County, WV non-metropolitan FMR area.

How much did fair market rent change in ZIP 24732 for FY 2027?

The two-bedroom FMR rose 5.6%, from $896 in FY 2026 to $946 in FY 2027. Since FY 2023 it has risen 28.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Fair Market Rents. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentKellysville, WV fair market rentWV statewide rentsWhat is SAFMR?Data sources