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 | $1,110 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 4BR | $2,090 | $963,974 | 0.22% | F |
U.S. Census Bureau data (2024)
The ZIP code 63073 stands out due to its unique demographic and economic characteristics. With only 803 residents, it has a very low population density, and notably, there is a 0.0% rental rate, indicating that all residents own their homes. The median income in this area is exceptionally high at $250,011, placing it well above the national average. Additionally, the median home value is quite substantial, at $870,120. These figures suggest a community that is affluent and predominantly composed of homeowners.
Regarding the voucher economics, the Fair Market Rent (FMR) for ZIP 63073 in fiscal year 2024 is set at $1180. However, there is no available market rent data to compare against, which could be indicative of a limited rental market or a lack of recent data. This absence of market rent figures means that landlords cannot rely on typical market dynamics when considering Section 8 vouchers in this ZIP code. Instead, they must focus on the FMR as a benchmark for rental rates.
The data signature for ZIP 63073 reads as "stable." The high median income and home values suggest a mature market where economic conditions are unlikely to fluctuate significantly. The complete absence of renters indicates a strong preference for homeownership among residents, which is also a sign of stability. For small-portfolio investors, this ZIP code presents a niche opportunity, but they should be aware that the demand for rental properties is virtually non-existent. The reliance on FMR for rental pricing further underscores the need for careful financial planning if entering the rental market in this ZIP code.
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.