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 | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $920 | $166,803 | 0.55% | F |
| 2BR | $1,120 | $228,093 | 0.49% | F |
| 3BR | $1,440 | $316,271 | 0.46% | F |
| 4BR | $1,660 | $407,458 | 0.41% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 63143, Maplewood, Missouri, for fiscal year 2024 is set at $1160. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a given unit. It's important to note that this is not the actual rent you will charge your tenants, but rather the payment standard used by the Housing Choice Voucher Program.
In comparison, the average market rent for a two-bedroom apartment in Maplewood, as indicated by the Zillow Observed Rental Index (ZORI), is $1,326. This suggests that the market rent exceeds the Section 8 payment standard, meaning landlords must consider the difference when deciding whether to participate in the program.
The 56.4% share of renters in Maplewood indicates a strong demand for rental housing, which is beneficial for landlords who are looking to ensure occupancy rates. However, it also means that competition among landlords can be high, especially if they are not participating in the Section 8 program.
If you're considering acquiring a property in Maplewood for your first Section 8 rental, the median home value of $253,490 is a key financial consideration. This figure reflects the typical price you might pay for a property in the area, and you should factor in the potential income from the Section 8 program against this investment.
Before committing to a Section 8 rental property in Maplewood, verify that the property meets all the necessary inspection criteria set by the local housing authority. This includes ensuring that the property is safe, decent, and sanitary, and that it complies with all applicable health and safety codes. This step is crucial because failing inspections can delay the process of renting out the property and affect your ability to receive timely payments from the housing authority.
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.