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Mineral County/Ridgeley/26753

26753

ZIPSAFMR
Mineral County, WV
Zillow

ZIP Investment Score

107Above average

095130300
BRFMR
Eff. Rent
0 BR$880$870
1 BR$940$880
2 BR$1,180$1,160
3 BR$1,550$1,240
4 BR$1,560$1,440
5 BR$1,794Not available
6 BR$2,063Not available
7 BR$2,373Not available
8 BR$2,728Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,180
Market rentUsed$1,160
Est. payment standard (99%)$1,170
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
1.07
2 BR
1.02
3 BR
1.25
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 26753 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 26753 (Ridgeley, WV) is $1,180 a month. That is up 8.3% from $1,090 in FY 2026. Ridgeley is in the Mineral 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 $944. Among 12 ZIP codes in Mineral County, 26753 has the 5th-highest two-bedroom rent (county range $940–$1,420). The median county two-bedroom FMR in West Virginia is $955, so ZIP 26753 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 26753
BedroomsFY 2027Change90–110% range
Studio$880+4.8%$792–$968
1BR$940+8.0%$846–$1,034
2BR$1,180+8.3%$1,062–$1,298
3BR$1,550+7.6%$1,395–$1,705
4BR$1,5600.0%$1,404–$1,716

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 26753
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$940$1,180$1,550$1,560
FY 2026$840$870$1,090$1,440$1,560
FY 2025$810$930$1,160$1,520$1,730
FY 2024$740$870$1,090$1,400$1,720
FY 2023$610$720$910$1,160$1,470

Two-bedroom rent in nearby Mineral County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 26753
26710$1,420+20.3%
26717$990−16.1%
26719$940−20.3%
26726$940−20.3%
26731$940−20.3%
26743$940−20.3%
26750$940−20.3%
26753Current$1,180—
26757$1,420+20.3%
26763$1,420+20.3%
26767$1,050−11.0%
26852$1,420+20.3%

Questions about ZIP 26753 rents

How much will Section 8 pay for a two-bedroom in ZIP 26753?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $944, which applies unless the housing authority uses Small Area FMRs, that basic range is $850 to $1,038 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 26753 in?

ZIP 26753 is in the Mineral County, WV non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $944.

How much did fair market rent change in ZIP 26753 for FY 2027?

The two-bedroom FMR rose 8.3%, from $1,090 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 29.7%.

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