Section 8 Fair Market Rent (FMR) for ZIP 63344 - 2027

Investment Score for ZIP 63344

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

Investment Analysis by Bedroom Size

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 63344, located in St. Charles County, Missouri, is a suburban area characterized by its proximity to major urban centers while maintaining a quieter, residential atmosphere. This location makes it particularly attractive for both families and young professionals seeking affordable housing options close to employment opportunities and amenities.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 63344 for fiscal year 2024 is set at $900.
• The average market rent for a similar unit, according to the latest Census American Community Survey (ACS), is slightly higher at $929.
• The median home value in the area stands at $370,661, providing a solid base for investment properties.
• Renters make up 18.9% of the local housing market, indicating a significant but not overwhelming presence of rental units.
• The median household income in the region is $69,250, suggesting that tenants have the financial stability to meet rent obligations.
• The Days on Market (DOM) for properties in this area is currently unavailable, which might indicate a balanced real estate market where neither buyers nor sellers dominate.

Investors looking to enter the ZIP 63344 market should focus on properties that can be rented near the FMR and market rent levels, as these align closely with the financial capabilities of the local population. Given the median home values and the percentage of renters, there's potential for steady demand in the rental sector. The median income supports the ability of residents to afford rent without excessive strain, making it a viable option for long-term investment. However, the lack of DOM data suggests a need for further research to understand the current dynamics of property turnover and pricing.

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.