Section 8 Fair Market Rent (FMR) for ZIP 63341 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,380
1 Bedroom	$1,430
2 Bedrooms	$1,750
3 Bedrooms	$2,250
4 Bedrooms	$2,590
5 Bedrooms	$3,004
6 Bedrooms	$3,364
7 Bedrooms	$3,633
8 Bedrooms	$3,815

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,515

Median Household Income

$170,598

Housing Units

1,437

Renter Percentage

4.5%

Occupancy Rate

92.1%

Renter Occupied

Housing Authorities Serving ZIP 63341

ST CHARLES COUNTY HOUSING ASSISTANCE PROGRAM (O Fallon, MO) - 822 Section 8 vouchers
Housing Authority of the City of St. Charles (Saint Charles, MO) - 305 Section 8 vouchers

The ZIP code 63341, located in Defiance, Missouri, is part of a suburban landscape that is increasingly attractive to both homeowners and renters due to its proximity to larger urban centers and its own burgeoning local economy. This area offers a mix of residential properties that cater to various segments of the housing market.

Fair Market Rent: The Fair Market Rent (FMR) for ZIP 63341 is set at $1410 for fiscal year 2024, indicating the government's benchmark for rental affordability.
Rental Market: There is currently insufficient data to determine the average market rent in the area, which suggests either a limited rental supply or a lack of comprehensive market reporting.
Home Values: The median home value in ZIP 63341 stands at $635,134, reflecting the high-end nature of the real estate market in this affluent suburb.
Renter Share: Only 4.5% of residents are renters, underscoring the strong preference for homeownership in this area.
Days on Market: The days on market (DOM) for listings is not available, which could imply that homes are selling quickly or that there isn't enough transaction data to establish a trend.
Median Income: With a median household income of $170,598, residents of ZIP 63341 have considerable financial means, supporting the high median home values and potentially robust demand for luxury rentals.

For landlords and small-portfolio investors, the data points to a market dominated by homeownership, with limited but potentially lucrative opportunities in the rental sector. The high median income supports the potential for commanding higher rents, though the actual market rates remain unclear. Given the low renter share, it is advisable to focus on higher-end rental units that can attract the few renters willing to pay premium rates. Quick sales suggest a healthy real estate market, but the absence of specific rental market data necessitates careful research and possibly direct engagement with local realtors to gauge the true rental landscape.

Data Sources: FMR data from HUD (2027). 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.