Location: St. Louis, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 63079 in fiscal year 2024 is set at $980. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means that if you participate in this program, the government will pay up to $980 per month for your rental property. It's important to note that this is not the amount tenants will pay; it's the maximum reimbursement rate the government offers.
In ZIP 63079, there is currently a 0.0% renter share, indicating an extremely low demand for rental properties among voucher holders. This suggests that the number of available vouchers does not match the supply of rental units, making it less likely that you'll find a tenant quickly through the Section 8 program. However, the local median rent is listed as N/A, which means we don't have comparative data to assess how the $980 FMR stacks up against typical market rents in the area. Without this information, it's challenging to gauge whether participating in Section 8 would be financially beneficial relative to renting without the program.
The acquisition cost for properties in this area is also listed as N/A, which means there isn't enough data to determine the average price of acquiring a rental property in ZIP 63079. If you're considering entering the Section 8 market here, you must verify the actual median rent in the area before making a decision. This will help you understand if the $980 payment standard aligns with the local rental market and whether it makes financial sense to offer your property under the Section 8 program.
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.