Location: St. Louis, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $262,269 | 0.47% | F |
| 4BR | $1,420 | $324,910 | 0.44% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 62001 presents a nuanced picture that landlords and small-portfolio investors should carefully consider. With a median home value of $282,768, the area reflects a stable housing price environment. The fact that the percentage of listings reduced is currently not available suggests that there might be a balanced market, neither heavily favoring buyers nor sellers. However, the median days on market (DOM) being N/A indicates a potential lack of recent sales activity, which could imply slower turnover rates for properties.
On the rental side, the Fair Market Rent (FMR) for ZIP 62001 is projected at $900 for fiscal year 2024, while the current market rent as per the Census ACS is $939. This slight premium on the market rent over the FMR signals that landlords can maintain their current rents without significant adjustments, assuming the trend continues. The gap between FMR and market rent also suggests that the local rental market may be slightly above the average benchmark set by HUD, indicating a modest demand for rental properties.
For long-term investors, the setup in ZIP 62001 implies a realistic appreciation thesis based on steady growth rather than rapid increases. Given the median home value and the balance seen in the number of listings reduced, it's reasonable to expect that property values will likely follow a gradual upward trajectory over the next 12 to 24 months. This expectation is supported by the stable rental market dynamics, where landlords have the ability to maintain rents close to the current market rate, thus ensuring steady cash flow and potentially allowing for modest capital appreciation.
However, the absence of recent sales data and the precise percentage of listings reduced means that investors must remain vigilant. They should monitor the local real estate market closely for any changes in buyer behavior or economic conditions that could impact both home values and rental income. The key for success in ZIP 62001 lies in maintaining competitive rental rates and keeping an eye on the broader economic indicators that could influence the local real estate landscape.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.