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 | $900 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $930 | $133,722 | 0.7% | D |
| 2BR | $1,140 | $173,282 | 0.66% | D |
| 3BR | $1,460 | $242,459 | 0.6% | D |
| 4BR | $1,690 | $306,268 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 63077, located in Saint Clair, Missouri, is a renter-heavy area with significant potential for Section 8 tenants. With a population of 11,391, 30.2% of residents are renters, indicating a substantial demand for rental properties. The median household income in this ZIP is $56,281, which aligns closely with the Federal Market Rent (FMR) of $990 for FY 2024, suggesting that the rental market is well-calibrated to the financial capabilities of its residents.
The market rent for the area is $957, which represents approximately 17% of the median household income. This ratio is crucial because it indicates how much of their income renters typically spend on housing. For a landlord, this means that the majority of potential tenants can afford the average rent without excessive strain on their finances. However, the presence of Section 8 vouchers is likely to be significant given the percentage of renters and the alignment of median income with FMR rates.
A landlord in ZIP 63077 should expect a tenant profile that includes individuals and families who rely on government assistance to meet their housing needs. These tenants will have a portion of their rent subsidized by the Housing Choice Voucher Program, making them reliable and financially stable occupants. It's important to note that the demand for these vouchers is high, which could lead to a competitive environment among landlords willing to accept them. Landlords who understand the intricacies of working with Section 8 tenants will find a steady stream of qualified applicants, as the local economy supports a significant number of low-income households.
In conclusion, ZIP 63077 is a prime location for landlords interested in attracting Section 8 tenants. The balance between renter population, market rents, and median income points to a robust demand for affordable housing options. Landlords can expect a mix of independent earners and voucher recipients, all within an economically viable framework.
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.