Location: Washington County, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The ZIP code 63030 stands out due to its unique characteristics, which include a relatively small population of 557 residents. Only 25.5% of these residents rent their homes, indicating that the majority of the population owns property. However, the median income of $91,042 suggests a middle-class community where rental affordability could be a concern. Notably, there is no available data on the median home value, leaving a gap in understanding the overall housing market dynamics.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 63030 in fiscal year 2024 is set at $1130. This figure is crucial for landlords and small-portfolio investors because it determines the maximum amount that the Housing Choice Voucher program will pay towards rent. Despite the FMR being established, the lack of specific market rent data makes it difficult to assess how competitive this rate is within the local rental market. Landlords should consider the FMR as a benchmark but also look into other sources to understand the actual rental rates in the area.
Given the limited data points, particularly the absence of median home value and market rent figures, the economic situation in ZIP 63030 appears transitional rather than stable. The scarcity of information indicates an evolving market that requires careful monitoring and analysis. Investors and landlords should stay informed about any updates to the housing and rental market data to make well-informed decisions.
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.