FY2027 Small Area FMR · Peterstown, WV
ZIP 24963 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24963 (Peterstown, WV) is $990 a month, up 13.8% from FY2026. That is 5% above the Monroe County, WV area-wide FMR of $944.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 24963 sits in the Monroe County, WV area
Of the 15 ZIP codes HUD lists for the area, 24963 has the 2nd 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 $990 for this ZIP code instead.
ZIP code 24963 crosses more than one HUD area. HUD also lists it under Summers County, WV (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $740 | $666 – $814 | $708 | $670 |
| 1 bedroom | $800 | $720 – $880 | $762 | $710 |
| 2 bedrooms | $990 | $891 – $1,089 | $944 | $870 |
| 3 bedrooms | $1,370 | $1,233 – $1,507 | $1,307 | $1,210 |
| 4 bedrooms | $1,480 | $1,332 – $1,628 | $1,421 | $1,300 |
A household renting a two-bedroom home at the Small Area FMR of $990 needs about $39,600 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 24963 lies mainly in Monroe County and Summers County. See the Monroe County, WV county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 24963?
HUD's FY2027 Small Area Fair Market Rents for 24963 are $740 (studio), $800 (1 BR), $990 (2 BR), $1,370 (3 BR) and $1,480 (4 BR) a month.
What is the Section 8 payment standard in 24963?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24963 that range is $891 to $1,089 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 24963?
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.