Location: St. Louis, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
ZIP 62006, located in Alexander County, Illinois, stands out due to its unique demographic and economic characteristics. With only 667 residents, the ZIP code has a minuscule rental market, where only 1.7% of the population rents their homes. The median income for residents is $94,444, which is notably higher than the national average. However, the median home value data is currently unavailable, making it challenging to assess the overall property value trends in the area.
The Federal Market Rent (FMR) for ZIP 62006 is set at $990 for the fiscal year 2024, which represents the maximum amount that a Section 8 voucher holder can receive for rent. Given the lack of market data, it's essential to rely on external sources to understand how the FMR compares to the actual rental market. According to recent reports, the median home list price in ZIP 62006 was $199,000 in May 2025, indicating a relatively stable housing market. This figure suggests that homeownership is more prevalent than renting, aligning with the low percentage of renters in the ZIP code.
While the FMR provides a benchmark for rental costs, the absence of market data means that landlords must be cautious when setting rental prices. It's advisable to conduct thorough local research to ensure that rental rates are competitive and fair. The high median income and the stability of the housing market suggest that ZIP 62006 is likely to remain stable rather than transitional. Landlords and small-portfolio investors should expect consistent demand for properties, especially those that cater to homeownership, given the limited rental market.
Data Sources: FMR data from HUD (2027). 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.