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Berkeley County/Martinsburg/25405

25405

ZIPSAFMR
Berkeley County, WV
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$760
1 BR$1,180$1,010
2 BR$1,510$1,190
3 BR$2,090$1,850
4 BR$2,380$2,270
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,510
Market rentUsed$1,190
Est. payment standard (90%)$1,360
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.45
1 BR
1.17
2 BR
1.27
3 BR
1.13
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 25405 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 25405 (Martinsburg, WV) is $1,510 a month. That is down 0.7% from $1,520 in FY 2026. Martinsburg is in the Martinsburg, WV HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,215. Among 14 ZIP codes in Berkeley County, 25405 has the highest two-bedroom rent (county range $1,110–$1,510). The median county two-bedroom FMR in West Virginia is $955, so ZIP 25405 is 58% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 25405
BedroomsFY 2027Change90–110% range
Studio$1,100+4.8%$990–$1,210
1BR$1,180−1.7%$1,062–$1,298
2BR$1,510−0.7%$1,359–$1,661
3BR$2,090−0.5%$1,881–$2,299
4BR$2,380−0.8%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 25405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,180$1,510$2,090$2,380
FY 2026$1,050$1,200$1,520$2,100$2,400
FY 2025$1,060$1,230$1,540$2,140$2,590
FY 2024$1,170$1,180$1,480$2,020$2,510
FY 2023$1,000$1,000$1,250$1,680$2,130

Two-bedroom rent in nearby Berkeley County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 25405
25401$1,110−26.5%
25402$1,220−19.2%
25403$1,310−13.2%
25404$1,220−19.2%
25405Current$1,510—
25411$1,110−26.5%
25413$1,310−13.2%
25419$1,180−21.9%
25420$1,340−11.3%
25421$1,220−19.2%
25427$1,210−19.9%
25428$1,350−10.6%

Questions about ZIP 25405 rents

How much will Section 8 pay for a two-bedroom in ZIP 25405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,215, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,094 to $1,337 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 25405 in?

ZIP 25405 is in the Martinsburg, WV HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,215.

How much did fair market rent change in ZIP 25405 for FY 2027?

The two-bedroom FMR fell 0.7%, from $1,520 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 20.8%.

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 Small Area Fair Market Rents and area FMRs. 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 rentMartinsburg, WV fair market rentWV statewide rentsWhat is SAFMR?Data sources