Section 8 Fair Market Rent (FMR) for ZIP 63125 - 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	$910
1 Bedroom	$950
2 Bedrooms	$1,160
3 Bedrooms	$1,490
4 Bedrooms	$1,720
5 Bedrooms	$1,995
6 Bedrooms	$2,234
7 Bedrooms	$2,413
8 Bedrooms	$2,534

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

33,294

Median Household Income

$61,624

Housing Units

14,949

Renter Percentage

27.8%

Occupancy Rate

92.4%

Renter Occupied

3,841

Housing Authorities Serving ZIP 63125

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 Lemay, Missouri area, encapsulated within ZIP code 63125, offers a balanced mix of residential opportunities for both homeowners and renters. Nestled along the Mississippi River, this suburban community provides easy access to St. Louis while maintaining a quieter, more relaxed atmosphere. For real estate investors, understanding the local rental market dynamics is crucial, especially given the federal programs and economic indicators that influence it.

Fair Market Rent (FMR) for a 2-bedroom apartment in ZIP 63125 is set at $1120 for fiscal year 2024. This figure represents the maximum amount a landlord can charge for federally assisted housing under the Section 8 program.
The Zillow Observed Rental Index (ZORI) indicates a market rent of $1,446 for the same type of unit. This suggests that the private rental market is significantly above the FMR, providing potential opportunities for landlords who can attract non-assisted tenants.
The median home value in Lemay, MO stands at $203,098. This reflects the typical cost of homes in the area and can help investors gauge the overall real estate value.
Renters make up 27.8% of the housing market in this ZIP code. This percentage highlights the substantial portion of the population that prefers renting over owning, indicating a viable rental market.
The average days on market (DOM) for rental listings is 14 days. This quick turnover suggests that there is high demand for rental properties in Lemay, which is favorable for landlords looking to fill vacancies quickly.
The median household income in the area is $61,624. This figure helps landlords understand the financial capacity of potential tenants and aligns with the rental price points in the market.

Synthesizing these data points, the Lemay, Missouri market presents a robust opportunity for landlords and small-portfolio investors. The gap between the FMR and ZORI indicates a healthy private rental sector where landlords can potentially command higher rents. With a significant renter share and a short DOM, the demand for rental properties is strong, ensuring quick occupancy. However, investors should be mindful of the median income levels when setting rental prices to ensure they remain competitive and attractive to the local tenant pool. Overall, Lemay's real estate market supports a solid investment strategy for those willing to navigate the nuances of both government assistance programs and the broader rental landscape.

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.