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 | $1,290 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $126,697 | 1.29% | A |
| 3BR | $2,100 | $366,454 | 0.57% | F |
| 4BR | $2,430 | $748,423 | 0.32% | F |
| 5BR | $2,819 | $1,123,605 | 0.25% | F |
U.S. Census Bureau data (2024)
The Olivette, Missouri area, represented by ZIP code 63132, is a suburban community situated in St. Louis County. Known for its quiet neighborhoods and proximity to urban amenities, it offers a balanced environment that appeals to both families and professionals seeking a comfortable living space.
The data points above paint a picture of a stable and moderately prosperous rental market in Olivette, Missouri. With a fair market rent nearly matching the observed market rent, landlords can expect consistent returns on investment. The substantial renter share and median income levels suggest strong tenant affordability and a steady demand for rental units. Given these factors, investing in rental properties in ZIP 63132 is likely to yield reliable financial performance for landlords and small-portfolio investors.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.