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)
To classify ZIP code 62013, we must consider both yield and stability metrics. The Fair Market Rent (FMR) for the area in fiscal year 2024 is $990. This figure represents the potential rental income for properties in the area. However, the median home value in ZIP 62013 is $171,536, indicating that property investments in this area come at a moderate cost.
The percentage of renters in ZIP 62013 stands at 16.9%, which is relatively low compared to typical rental markets. This suggests that there might be a smaller pool of potential tenants, which could impact the speed of finding new occupants. The average income in the area is $72,750, providing insight into the economic conditions and the ability of residents to pay rent.
Based on these figures, ZIP 62013 does not present itself as a high-yield market due to the low percentage of renters and the lack of specific data on daily days on market (DOM). These factors indicate that while rental income is achievable, it might not be as consistent or fast to secure as in other areas with higher percentages of renters and shorter DOM periods. Additionally, the FMR is not exceptionally high, suggesting that the rental yields will be moderate rather than high.
On the stability axis, the absence of day DOM data makes it challenging to assess the turnover rate of rentals. However, the income level of $72,750 is indicative of a stable economic environment where tenants are likely to have the means to consistently pay their rent. This, combined with the moderate FMR, points towards a market that can provide steady cash flow, albeit not at a high yield.
In conclusion, ZIP 62013 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The investment here would likely generate reliable returns but at a moderate pace and volume. Landlords and small-portfolio investors should expect a balance between manageable risk and consistent income without the promise of rapid capital appreciation or high rental yields.
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.