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 | $870 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $44,847 | 2.45% | A+ |
| 3BR | $1,410 | $70,088 | 2.01% | A+ |
| 4BR | $1,630 | $84,093 | 1.94% | A+ |
U.S. Census Bureau data (2024)
58.3% of residents in ZIP code 63107 in Saint Louis, MO are renters, indicating a strong demand for rental properties. The $44,174 median home value suggests that the area is moderately priced, making it attractive for both buyers and investors. However, the $831 market rent, according to Census ACS data, is significantly lower than the $1030 Fair Market Rent (FMR) set for zip code 63107 for fiscal year 2024, highlighting an opportunity for landlords to potentially increase their rental incomes. The $43,625 median income in the area supports the notion that tenants can afford rents closer to the FMR without straining their budgets. Despite this, the 0.2% price-cut share indicates that there is little need for landlords to reduce their asking prices to attract tenants, as the market is competitive but stable. Given the data, landlords and small-portfolio investors should consider the potential for higher returns by aligning their rental rates with the FMR. This strategy could help capitalize on the high renter share while ensuring affordability for tenants. In conclusion, the current environment in ZIP 63107 presents a favorable scenario for Section 8 participation, with the FMR providing a benchmark that supports both tenant needs and landlord profitability.
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.