Location: St. Louis, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
The ZIP code 63156, located in an unknown area of Missouri, is classified on two key axes: yield and stability. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1130. However, specific market and home value figures are not available.
On the stability axis, there is limited data. The percentage of renters, days on market (DOM), and median income figures are not provided.
Given the FMR of $1130, this area presents a moderate yield opportunity for landlords and small-portfolio investors. Without specific market rent data, it's difficult to determine if the FMR aligns closely with market conditions. However, the lack of home value data suggests that there might be less competition from homeowners, which could benefit rental investments.
The missing stability indicators prevent a comprehensive assessment of the risk associated with this market. Typically, a higher percentage of renters and lower DOM values would indicate a more stable market, but these figures are unavailable for ZIP 63156.
Based on the available information, ZIP 63156 appears to be a market that offers moderate yield potential but lacks sufficient data to fully assess its stability. This makes it neither a high-yield/low-stability flip-style market nor a clearly defined steady-cashflow zone. It falls somewhere in between, requiring further research into local market dynamics and tenant profiles.
Data Sources: FMR data from HUD (2027).
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.