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RentData.org Logo Mercer County Fair Market Rent FY 2023 Mercer County, WV Rental Data

Fair Market Rent Prices in Mercer County, WV :
$493 $606 $738 $1,026 $1,084
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Mercer County are very low compared to the national average. This FMR area is less expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Mercer County is $738 per month.

The previous year, rent for a two-bedroom home was $705 per month. This is a 4.68% increase year-over-year.

This FMR rate applies to Nemours, WV, Camp Creek, WV, Beeson, WV, Bramwell, WV, Freeman, WV, Hiawatha, WV, Kegley, WV, Kellysville, WV, Flat Top, WV, Odd, WV and other cities within the region. The Metro Code or CBSA code for this region is NCNTY54055N54055.

Additionally, This Fair Market Rent (FMR) area Mercer County, WV spans one county or city in West Virginia which is listed in the table below. Estimated population of Mercer County, WV FMR area is 59,370 people based on latest Census data.

Compared to the rest of West Virginia, the Mercer County FMR area is less expensive than 90% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Mercer County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Mercer County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 536
1-BR 1-Bedroom $ 658
2-BR 2-Bedroom $ 802
3-BR 3-Bedroom $ 1115
4-BR 4-Bedroom $ 1178
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Mercer County, WV FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Bluefield - Beckley - Oak Hill.

County / Region Est. Population
Mercer County, WV 59,370
Zip Codes in Mercer County, WV

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

24701, 24712, 24714, 24715, 24724, 24729, 24731, 24732, 24733, 24736, 24737, 24738, 24739, 24740, 24747, 25820, 25841, 25902, 25922 and 25971

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What's Next?

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