Section 8 Fair Market Rent (FMR) for ZIP 62250 - 2027

Location: St. Louis, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

607

Median Household Income

$66,667

Housing Units

240

Renter Percentage

14.3%

Occupancy Rate

93.3%

Renter Occupied

When considering whether to invest in ZIP 62250 for Section 8 properties, follow these steps:

Does FMR $990 cover debt service on a $142,290 property?
- Yes. The Fair Market Rent (FMR) of $990 per month is sufficient to cover the debt service on a property valued at $142,290. Assuming a typical mortgage rate and term, this FMR would comfortably exceed the monthly mortgage payment, ensuring positive cash flow.
Is market rent $675 above, at, or below FMR?
- Below FMR. The average market rent of $675 is lower than the FMR of $990. This indicates that Section 8 tenants can afford higher rents compared to what non-subsidized tenants might pay, which could be advantageous if you're looking to secure stable, long-term rental income.
Are 14.3% renters + N/A-day days on market (DOM) enough demand?
- It depends. With 14.3% of the population renting, there is some demand for rental properties. However, the lack of data on days on market (DOM) makes it difficult to assess how quickly rental units are typically filled in this area. To make a definitive judgment, you would need additional information about the local rental market dynamics.

If you can confirm that the local rental market has a low DOM, indicating strong demand for rental properties, then investing in ZIP 62250 for Section 8 properties would be a reasonable decision given the favorable FMR-to-market rent ratio and the ability of FMR to cover debt service.

In summary, ZIP 62250 appears to be a viable option for Section 8 investments based on the FMR and market rent data. However, the demand for rental properties is uncertain without more detailed local market information.

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.