FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR
0.99ratio
FMR$890
Market$900
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
0.95ratio
FMR$1,010
Market$1,060
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR
1.05ratio
FMR$1,330
Market$1,270
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.33ratio
FMR$1,540
Market$1,160
vs market+$380
FMR is above market; underwrite to market rent.
1.33
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
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ZIP 26438 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 26438 (Spelter, WV) is $1,010 a month. That is down 4.7% from $1,060 in FY 2026. Spelter 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, 26438 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 26438 is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 26438
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 26438
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
How much will Section 8 pay for a two-bedroom in ZIP 26438?
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 26438 in?
ZIP 26438 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 26438 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