FY2027 Small Area FMR · Wilcoe, WV

ZIP 24895 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24895 (Wilcoe, WV) is $1,110 a month, up 27.6% from FY2026. That is 18% above the McDowell County, WV area-wide FMR of $944.

2-bedroom SAFMR$1,110per month ▲ 27.6%

Area-wide 2 BR FMR$944McDowell County, WV

Rank in the area2ndof 39 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$999

2 BR Small Area FMR$1,110

110% of SAFMR$1,221

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$830▲ 25.8%

1 BR$850▲ 28.8%

2 BR$1,110▲ 27.6%

3 BR$1,450▲ 26.1%

4 BR$1,460▲ 27.0%

FY2027 FY2026

Where 24895 sits in the McDowell County, WV area

Of the 39 ZIP codes HUD lists for the area, 24895 has the 2nd highest two-bedroom Small Area FMR. McDowell County, WV is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $944 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,110 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$830	$747 – $913	$708	$660
1 bedroom	$850	$765 – $935	$722	$660
2 bedrooms	$1,110	$999 – $1,221	$944	$870
3 bedrooms	$1,450	$1,305 – $1,595	$1,236	$1,150
4 bedrooms	$1,460	$1,314 – $1,606	$1,241	$1,150

A household renting a two-bedroom home at the Small Area FMR of $1,110 needs about $44,400 a year to keep housing costs at 30% of income. The area median family income is $42,100 and the 80% low-income limit for four people is $60,100. ZIP code 24895 lies mainly in McDowell County. See the McDowell County, WV county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24813	Bartley	3.8 mi	$970
24892	War	3.9 mi	$940
24881	Roderfield	4.2 mi	$940
24878	Premier	4.7 mi	$940
24826	Cucumber	5.9 mi	$940
24836	Gary	6.0 mi	$940

Questions

What is the Fair Market Rent for ZIP code 24895?

HUD's FY2027 Small Area Fair Market Rents for 24895 are $830 (studio), $850 (1 BR), $1,110 (2 BR), $1,450 (3 BR) and $1,460 (4 BR) a month.

What is the Section 8 payment standard in 24895?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24895 that range is $999 to $1,221 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24895?

The FY2026 income limits of the McDowell County, WV area apply: median family income $42,100, low-income (80%) limit $60,100 for a family of four.