Section 8 Fair Market Rent (FMR) for ZIP 63105 - 2027

Location: St. Louis, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,490
1 Bedroom	$1,550
2 Bedrooms	$1,890
3 Bedrooms	$2,430
4 Bedrooms	$2,800
5 Bedrooms	$3,248
6 Bedrooms	$3,638
7 Bedrooms	$3,929
8 Bedrooms	$4,125

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

18,875

Median Household Income

$116,439

Housing Units

7,647

Renter Percentage

44.1%

Occupancy Rate

92.7%

Renter Occupied

3,124

Housing Authorities Serving ZIP 63105

Housing Authority of St. Louis County (Saint Louis, MO) - 7,511 Section 8 vouchers
St. Louis Housing Authority (Saint Louis, MO) - 7,504 Section 8 vouchers
Housing Authority of the City of Kirkwood (Kirkwood, MO)
Housing Authority of the City of Pagedale (Saint Louis, MO)
Housing Authority of the City of Hillsdale (Saint Louis, MO)
Housing Authority of the City of Olivette (Saint Louis, MO)

The ZIP code 63105, located in Clayton, Missouri, is part of a suburban area known for its affluent neighborhoods and proximity to St. Louis city. This location offers a mix of residential properties that cater to both homeowners and renters, making it a diverse market for real estate investments.

The Fair Market Rent (FMR) for ZIP 63105 for fiscal year 2024 is set at $1,690, indicating the average rental price for a two-bedroom apartment as determined by HUD.
The market rent, as measured by Zillow's ZORI index, stands at $1,698, closely aligning with the FMR and suggesting a stable rental environment.
The median home value in Clayton is $795,350, reflecting a high-end housing market that attracts well-off residents.
Renters make up 44.1% of the population, showing a significant demand for rental properties alongside owner-occupied homes.
The median household income is $116,439, which supports the ability of residents to afford higher rents and property values.
Due to limited data availability, the exact number of days on the market (DOM) for rentals is not specified, but given the strong economic indicators, it is likely to be low, indicating quick turnover and strong tenant interest.

Investors considering real estate opportunities in ZIP 63105 should focus on the stability and strength of the rental market, supported by a robust local economy and high median incomes. The close alignment between FMR and ZORI suggests a predictable rental landscape, while the substantial median home value points to a desirable location for both living and investment. With nearly half of the population renting, there is a consistent demand for rental properties, making this area particularly attractive for those interested in generating steady rental income.

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.