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 | $870 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $900 | $141,588 | 0.64% | D |
| 2BR | $1,100 | $188,028 | 0.59% | F |
| 3BR | $1,410 | $290,256 | 0.49% | F |
| 4BR | $1,630 | $428,533 | 0.38% | F |
| 5BR | $1,891 | $623,033 | 0.3% | F |
U.S. Census Bureau data (2024)
The neighborhood in ZIP code 63069, located in Pacific, MO, is characterized by a population of 15,697 residents, with 25.2% of them being renters. The median household income here stands at $78,185, indicating a relatively affluent area. Median home values in this region are notably high, sitting at $301,065, which reflects the overall prosperity and desirability of the location.
From an investment standpoint, the rent economics in ZIP 63069 are quite favorable. The Fair Market Rent (FMR) for the area, set for fiscal year 2024, is $1000. This is slightly higher than the reported market rent of $909, according to Census ACS data. The discrepancy between these two figures suggests a potential opportunity for landlords who can position their properties closer to the FMR without significantly deterring tenants.
Given the demographic and economic profile of ZIP 63069, it presents a viable option for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the higher FMR compared to the market rent means that Section 8 vouchers could cover a substantial portion of the rental costs, ensuring steady cash flow with minimal tenant turnover risk. On the other hand, for those looking to actively manage and improve their properties, there's room to raise rents closer to the FMR, leveraging the area's strong income base and high property values to attract tenants willing to pay a premium.
In conclusion, ZIP 63069 offers a stable environment for real estate investments, particularly for those interested in Section 8 housing. Whether you're seeking a passive income stream or a more active role in property management, the economic indicators point to a promising opportunity.
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.