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 |
To classify ZIP code 63166 in Unknown, MO, we must rely on the available data, which primarily includes the Fair Market Rent (FMR) for the fiscal year 2024. The FMR for ZIP 63166 is set at $1130. This figure is critical in assessing the potential yield from rental properties in this area. However, the lack of specific market rent and home value data makes it challenging to provide a comprehensive analysis.
The stability of the market can be gauged by factors such as the percentage of renters, the days on market (DOM), and median household income. Unfortunately, these metrics are not provided for ZIP 63166, leaving gaps in our ability to fully assess the stability of the rental market.
Given the limited information, ZIP 63166 appears to offer a moderate yield opportunity, with the FMR indicating that landlords can expect to charge $1130 per month for a standard unit. Without comparative market rent data, it's unclear how competitive this figure is, but it does suggest a baseline for rental pricing.
The absence of stability indicators means we cannot confidently categorize the market as high-yield/low-stability or steady-cashflow. Landlords and small-portfolio investors should exercise caution and seek additional local insights before making investment decisions in this area.
To summarize, ZIP 63166 offers a defined yield opportunity based on the FMR, but lacks sufficient data to evaluate overall market stability. This suggests an area that could potentially support steady cash flow, but requires further investigation into local rental trends and economic conditions.
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.