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 63180 in Unknown, Missouri, we must rely on the available data points. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1130. This figure is crucial for understanding the potential rental income in this area. However, the lack of specific market rent data and home values makes it challenging to fully assess the yield. Without comparative figures for market rents and home values, it's impossible to determine if there's a significant premium in rental yields over property acquisition costs, which would indicate a higher yield.
On the axis of stability, the data is even more sparse. There is no percentage of renters, no average days on market (DOM), and no median household income provided. These missing metrics are essential for gauging the reliability of rental income and the overall demand stability in the area. Without these numbers, it's difficult to ascertain whether the tenants in ZIP 63180 have stable incomes or how long properties typically remain vacant before being rented out.
Given the limited data, we can conclude that ZIP 63180 presents an opportunity for steady cash flow based on the FMR of $1130. However, the absence of other key indicators prevents us from making a definitive call on whether this is a high-yield/low-stability market or something more stable. For landlords and small-portfolio investors looking into this ZIP code, securing rental income at the FMR level is a reliable starting point. To make a more informed decision, additional research into local market rents, property values, and tenant demographics is recommended.
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.