Location: Gasconade County, 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 | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $332,105 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 63014 presents a dynamic rental market influenced by factors that suggest demand may be outpacing supply. The Fair Market Rent (FMR) set at $900 for the fiscal year 2024 indicates a higher benchmark established by HUD, compared to the market rent of $793 based on Census American Community Survey (ACS) data. This discrepancy suggests that landlords can potentially charge more than the average market rent, reflecting a tenant's willingness to pay above the market rate.
The median home value of $294,125 provides insight into the overall economic health and stability of the area. However, the lack of specific data regarding the percentage of price-cut share and days on market (DOM) makes it challenging to definitively state whether there is an oversupply of rental properties. Typically, if there were a significant number of price cuts or extended DOM periods, it would indicate a surplus of units relative to demand.
The 11.6% renter share, while seemingly low, can imply several things about the long-term housing pressures in ZIP 63014. A lower renter share might suggest that homeownership is prevalent, which could indicate a stable, possibly affluent population. Yet, the presence of a rental market with a defined FMR and market rent also points to ongoing housing needs. This combination suggests that while the majority of residents own their homes, the rental market still plays a crucial role in accommodating those who cannot or choose not to purchase property.
The fact that the rental market maintains its own pricing structure, distinct from the broader housing market, highlights its independence and resilience. Landlords and small-portfolio investors should consider these dynamics when evaluating the potential for rental income in ZIP 63014. The ability to charge close to or above the FMR without extensive concessions on price or prolonged vacancy periods signals a market that is currently robust and capable of supporting rental investments.
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.