Harrison County/Hepzibah/26369

26369

ZIPSAFMR

Harrison County, WV

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ZIP Investment Score

130Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$770	$800	-1.9%
1 BR	$890	$940	2.1%
2 BR	$1,010	$980	1.7%
3 BR	$1,330	$1,340	1.6%
4 BR	$1,540	$1,370	0.1%
5 BR	$1,771	Not available	0.1%
6 BR	$2,037	Not available	0.1%
7 BR	$2,342	Not available	0.1%
8 BR	$2,693	Not available	0.1%

Purchase Price Calculator

Maximum purchase price

$83,711

Cost breakdown

+Likely effective rent$980

HUD FMR$1,010

Market rentUsed$980

Est. payment standard (98%)$990

-Principal and interest-$423

Loan amount$66,969

Down payment$16,742

Rate6.50%

Term30 years

-Operating costs-$357

Property taxes-$84

Insurance-$175

Utilities$0

HOA$0

Management-$98

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$16,036(95.8% ROI)

Projected value

$90,148

Return breakdown

Property appreciation+$6,437

Loan principal paid down+$2,399

Rental cash flow+$7,200

5-year hold

+$27,279(162.9% ROI)

Projected value

$94,711

Return breakdown

Property appreciation+$11,000

Loan principal paid down+$4,279

Rental cash flow+$12,000

10-year hold

+$57,641(344.3% ROI)

Projected value

$107,157

Return breakdown

Property appreciation+$23,446

Loan principal paid down+$10,195

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.95ratio

FMR$770

Market$810

vs market-$40

FMR is near market; voucher and private rents are aligned.

0.95

1 BR

0.92ratio

FMR$890

Market$970

vs market-$80

FMR is near market; voucher and private rents are aligned.

0.92

2 BR

1.03ratio

FMR$1,010

Market$980

vs market+$30

FMR is near market; voucher and private rents are aligned.

1.03

3 BR

0.99ratio

FMR$1,330

Market$1,350

vs market-$20

FMR is near market; voucher and private rents are aligned.

0.99

4 BR

1.12ratio

FMR$1,540

Market$1,370

vs market+$170

FMR is above market; underwrite to market rent.

1.12

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 26369 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 26369 (Hepzibah, WV) is $1,010 a month. That is down 4.7% from $1,060 in FY 2026. Hepzibah is in the Harrison County, WV non-metropolitan 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 county-wide two-bedroom FMR of $1,005. Among 23 ZIP codes in Harrison County, 26369 is tied for the 11th-highest two-bedroom rent (county range $940–$1,210). The median county two-bedroom FMR in West Virginia is $955, so ZIP 26369 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 26369
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$850	$770	−9.4%	$693–$847
1BR	$940	$890	−5.3%	$801–$979
2BR	$1,060	$1,010	−4.7%	$909–$1,111
3BR	$1,400	$1,330	−5.0%	$1,197–$1,463
4BR	$1,630	$1,540	−5.5%	$1,386–$1,694

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 26369
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$770	$890	$1,010	$1,330	$1,540
FY 2026	$850	$940	$1,060	$1,400	$1,630
FY 2025	$880	$950	$1,050	$1,390	$1,680
FY 2024area FMR	$815	$836	$961	$1,268	$1,537
FY 2023area FMR	$668	$672	$811	$1,055	$1,238

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Harrison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 26369
26323	$940	−6.9%
26330	$1,210	+19.8%
26361	$1,010	0.0%
26366	$1,110	+9.9%
26369Current	$1,010	—
26378	$940	−6.9%
26385	$1,190	+17.8%
26386	$1,050	+4.0%
26404	$1,180	+16.8%
26408	$1,120	+10.9%
26416	$940	−6.9%
26422	$940	−6.9%

Questions about ZIP 26369 rents

How much will Section 8 pay for a two-bedroom in ZIP 26369?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,005, which applies unless the housing authority uses Small Area FMRs, that basic range is $905 to $1,106 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 26369 in?

ZIP 26369 is in the Harrison County, WV non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,005.

How much did fair market rent change in ZIP 26369 for FY 2027?

The two-bedroom FMR fell 4.7%, from $1,060 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has fallen 3.8%.

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 rent Hepzibah, WV fair market rent WV statewide rents What is SAFMR?Data sources