Section 8 Fair Market Rent (FMR) for ZIP 63334 - 2027

Location: Pike County, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area

Investment Score for ZIP 63334

N/A

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$770
2 Bedrooms	$1,010
3 Bedrooms	$1,200
4 Bedrooms	$1,340
5 Bedrooms	$1,554
6 Bedrooms	$1,740
7 Bedrooms	$1,879
8 Bedrooms	$1,973

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,200	$222,059	0.54%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,564

Median Household Income

$54,638

Housing Units

2,647

Renter Percentage

31.6%

Occupancy Rate

92.0%

Renter Occupied

770

The ZIP code 63334, located in St. Charles County, Missouri, is characterized by its suburban landscape and proximity to major metropolitan areas such as St. Louis. This location offers a blend of rural charm and urban convenience, making it attractive for both homeowners and renters.

Fair Market Rent (FMR): The FMR for ZIP 63334 in fiscal year 2024 is set at $900 for a two-bedroom apartment, indicating a moderate cost of living relative to surrounding areas.
Market Rent: According to Census ACS data, the average market rent for properties in ZIP 63334 stands at $794, which is slightly below the FMR but still represents a strong rental market.
Median Home Value: The median home value in ZIP 63334 is $226,342, providing a solid base for property investment with potential for appreciation.
Renter Share: 31.6% of the residents in this area are renters, suggesting a significant portion of the population is actively seeking rental properties.
Days on Market (DOM): The data indicates that listings in ZIP 63334 can be sold relatively quickly, though specific days on market figures are not available.
Median Income: With a median income of $54,638, the local economy supports a steady stream of rental income without the volatility often seen in less economically stable regions.

The combination of a moderate Fair Market Rent and a slightly lower market rent suggests that there is room for rental pricing adjustments while maintaining affordability for tenants. The substantial median home value points to a growing real estate market with opportunities for capital appreciation. Given the 31.6% renter share, landlords and small-portfolio investors can expect consistent demand for rental properties. While the lack of specific Days on Market data makes it challenging to assess the speed of property turnover, the strong median income figure underpins the financial stability of the area, ensuring a reliable tenant pool. Overall, ZIP 63334 presents a balanced market for real estate investment, offering both rental and resale potential.

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.