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 |
|---|---|---|---|---|
| 2BR | $1,410 | $266,887 | 0.53% | F |
| 3BR | $1,810 | $315,013 | 0.57% | F |
| 4BR | $2,090 | $345,078 | 0.61% | D |
U.S. Census Bureau data (2024)
The ZIP code 63089, located in Villa Ridge, Missouri, has a population of 5,662 residents. Among them, only 13.4% are renters, indicating that this is primarily a homeowner-dominated area. The median household income stands at $72,731, which suggests that the majority of residents have stable financial situations.
Given the relatively low percentage of renters, it can be inferred that the demand for Section 8 vouchers in this ZIP code is likely to be less intense compared to areas with higher rental populations. This implies that landlords in Villa Ridge might encounter fewer applications from tenants seeking Section 8 assistance.
The typical market rent of $1,125 represents approximately 17.9% of the median household income. This figure is calculated by dividing the rent by the median income and multiplying by 100. The Federal Market Rent (FMR) for FY 2024 is set at $1,370, which means that the average rent in the area is below the FMR threshold. Landlords should note that while the rent is lower than the FMR, it still consumes a significant portion of the average resident's income.
In terms of tenant profiles, landlords in ZIP 63089 can expect to attract tenants who are likely to be part of households with incomes around the median level. These tenants will be looking for affordable housing options and may or may not utilize Section 8 vouchers, given the scarcity of such vouchers in the area.
To summarize, ZIP 63089 is not heavily populated by renters, and thus, the availability of Section 8 vouchers is limited. Landlords should prepare for a tenant pool that is financially stable but may require assistance due to the high cost of living relative to their income. The expected renter would be someone who values affordability and seeks housing that is within their budget, potentially including those who qualify for but do not necessarily rely on government assistance programs.
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.