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 | $1,450 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,840 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,720 |
| 5 Bedrooms | $3,155 |
| 6 Bedrooms | $3,534 |
| 7 Bedrooms | $3,817 |
| 8 Bedrooms | $4,008 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,510 | $126,744 | 1.19% | B |
| 2BR | $1,840 | $236,243 | 0.78% | D |
| 3BR | $2,360 | $488,669 | 0.48% | F |
| 4BR | $2,720 | $842,579 | 0.32% | F |
| 5BR | $3,155 | $1,191,413 | 0.26% | F |
U.S. Census Bureau data (2024)
ZIP code 63141, located in Creve Coeur, Missouri, is part of the St. Louis, MO-IL HUD Metro FMR Area. The Fair Market Rent (FMR) for this area is set at $1,610 for fiscal year 2024. Comparatively, the actual market rent in ZIP 63141 is lower at $1,400, indicating that it is slightly below the HUD's benchmark for rental prices.
The median home value in ZIP 63141 is $653,040, which suggests that this area is a premium sub-market within the broader St. Louis metro region. Premium sub-markets typically feature higher property values and rents, but in this case, the rent is notably lower than the FMR, which could be an anomaly or reflect specific local conditions.
The renter share in ZIP 63141 stands at 32.3%, which is relatively high compared to some other areas within the St. Louis metro. However, given the high median home value, this higher renter share does not necessarily indicate a typical Section 8 sweet spot. In such pockets, you would expect to see below-average home values coupled with a higher renter share, signaling a concentration of affordable housing options.
To conclude, ZIP 63141 appears to be a premium sub-market within the St. Louis, MO-IL HUD Metro FMR Area, characterized by high home values and a higher-than-average renter share. Despite being a premium area, the actual market rent is lower than the HUD FMR, making it potentially attractive for landlords looking to offer competitive rents without sacrificing location quality.
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.