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 | $1,070 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,360 | $222,161 | 0.61% | D |
| 3BR | $1,750 | $336,936 | 0.52% | F |
| 4BR | $2,010 | $441,094 | 0.46% | F |
| 5BR | $2,332 | $561,521 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 62236, located in Columbia, IL, stands out within Monroe County due to its unique data profile. With a population of 14,154 residents, it has a rental rate of 14.7%, which is relatively low compared to national averages. The median income here is $108,981, reflecting a higher economic status than many other areas in the county. Additionally, the median home value of $343,413 indicates a stable and affluent residential market.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 62236 for fiscal year 2024 is set at $1,180. This figure is slightly above the current market rent of $1,128 as reported by the Census Bureau's American Community Survey (ACS). This suggests that landlords in this area can expect to receive a competitive rent through the Section 8 program, potentially attracting more tenants who qualify for assistance.
The data signature for ZIP 62236 reads as stable. The combination of a high median income and median home value, along with a moderate rental rate, indicates a consistent economic environment where homeownership is favored but rental properties still play an important role. For landlords and small-portfolio investors, this stability means lower risks and predictable returns when considering the Section 8 program. The slight premium offered by the FMR over the market rent can be seen as an added incentive to participate in the voucher program, ensuring steady occupancy and income.
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.