FY2027 Small Area FMR · Gap Mills, WV

ZIP 24941 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24941 (Gap Mills, WV) is $970 a month, up 7.8% from FY2026. That is 3% above the Monroe County, WV area-wide FMR of $944.

2-bedroom SAFMR$970per month ▲ 7.8%

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

Rank in the area4thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$873

2 BR Small Area FMR$970

110% of SAFMR$1,067

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

Studio$730▲ 4.3%

1 BR$780▼ 2.5%

2 BR$970▲ 7.8%

3 BR$1,340▲ 8.1%

4 BR$1,460▲ 8.1%

FY2027 FY2026

Where 24941 sits in the Monroe County, WV area

Of the 15 ZIP codes HUD lists for the area, 24941 has the 4th highest two-bedroom Small Area FMR. Monroe 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 $970 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	$730	$657 – $803	$708	$700
1 bedroom	$780	$702 – $858	$762	$800
2 bedrooms	$970	$873 – $1,067	$944	$900
3 bedrooms	$1,340	$1,206 – $1,474	$1,307	$1,240
4 bedrooms	$1,460	$1,314 – $1,606	$1,421	$1,350

A household renting a two-bedroom home at the Small Area FMR of $970 needs about $38,800 a year to keep housing costs at 30% of income. The area median family income is $75,900 and the 80% low-income limit for four people is $60,700. ZIP code 24941 lies mainly in Monroe County. See the Monroe County, WV county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24131	Paint Bank	6.6 mi	$1,130
24974	Secondcreek	6.6 mi	$950
24984	Waiteville	7.1 mi	$970
24925	Caldwell	8.6 mi	$980
24983	Union	9.2 mi	$940
24976	Sinks Grove	10.1 mi	$970

Questions

What is the Fair Market Rent for ZIP code 24941?

HUD's FY2027 Small Area Fair Market Rents for 24941 are $730 (studio), $780 (1 BR), $970 (2 BR), $1,340 (3 BR) and $1,460 (4 BR) a month.

What is the Section 8 payment standard in 24941?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24941 that range is $873 to $1,067 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24941?

The FY2026 income limits of the Monroe County, WV area apply: median family income $75,900, low-income (80%) limit $60,700 for a family of four.