FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR
0.80ratio
FMR$798
Market$1,000
vs market-$202
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR
0.80ratio
FMR$974
Market$1,220
vs market-$246
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.96ratio
FMR$1,214
Market$1,270
vs market-$56
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
0.92ratio
FMR$1,281
Market$1,400
vs market-$119
FMR is near market; voucher and private rents are aligned.
0.92
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 26120 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 26120 (Mineral Wells, WV) is $974 a month. That is up 5.0% from $928 in FY 2026. Mineral Wells is in the Parkersburg-Vienna, WV MSA. The median county two-bedroom FMR in West Virginia is $955, so ZIP 26120 is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 26120
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$741
$793
+7.0%
$714–$872
1BR
$745
$798
+7.1%
$718–$878
2BR
$928
$974
+5.0%
$877–$1,071
3BR
$1,194
$1,214
+1.7%
$1,093–$1,335
4BR
$1,253
$1,281
+2.2%
$1,153–$1,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 26120
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$793
$798
$974
$1,214
$1,281
FY 2026
$741
$745
$928
$1,194
$1,253
FY 2025
$771
$776
$933
$1,252
$1,304
FY 2024
$787
$792
$948
$1,289
$1,305
FY 2023
$668
$672
$793
$1,075
$1,131
Questions about ZIP 26120 rents
How much will Section 8 pay for a two-bedroom in ZIP 26120?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $974, that basic range is $877 to $1,071 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 26120 in?
ZIP 26120 is in the Parkersburg-Vienna, WV MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 26120 for FY 2027?
The two-bedroom FMR rose 5.0%, from $928 in FY 2026 to $974 in FY 2027. Since FY 2023 it has risen 22.8%.
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 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