ZIP 25403 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 25403 in the Martinsburg, WV FMR area.

$950Efficiency
$1,0201 bedroom
$1,3102 bedrooms
$1,8103 bedrooms
$2,0604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$950$855$1,045$884
1 bedroom$1,020$918$1,122$949
2 bedrooms$1,310$1,179$1,441$1,215
3 bedrooms$1,810$1,629$1,991$1,682
4 bedrooms$2,060$1,854$2,266$1,913

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 25403

$81,440average adjusted gross income per tax return (2022)
$62,362average salaries and wages per return
8,490tax returns filed
19%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.4%
$25,000 to $50,00021.0%
$50,000 to $75,00016.1%
$75,000 to $100,00011.9%
$100,000 to $200,00023.8%
$200,000 or more5.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 25403?

HUD's FY2027 Small Area FMRs for ZIP 25403 (Martinsburg, WV) are $950 efficiency, $1,020 one bedroom, $1,310 two bedrooms, $1,810 three and $2,060 four bedrooms.

What payment standard can a housing authority set in ZIP 25403?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,179 to $1,441.

How affordable is rent in ZIP 25403?

Tax returns filed from ZIP 25403 reported an average adjusted gross income of $81,440 (2022). A two-bedroom unit at the Small Area FMR costs $15,720 a year, or 19% of that income.