Location: St. Louis, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,500 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,440 |
| 4 Bedrooms | $2,810 |
| 5 Bedrooms | $3,260 |
| 6 Bedrooms | $3,651 |
| 7 Bedrooms | $3,943 |
| 8 Bedrooms | $4,140 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,560 | $234,560 | 0.67% | D |
| 2BR | $1,900 | $294,370 | 0.65% | D |
| 3BR | $2,440 | $397,017 | 0.61% | D |
| 4BR | $2,810 | $521,262 | 0.54% | F |
| 5BR | $3,260 | $650,507 | 0.5% | F |
U.S. Census Bureau data (2024)
ZIP code 63367, located in Lake Saint Louis, MO, is situated within the broader St. Louis, MO-IL HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1,510. Comparatively, the market rent for this ZIP is $1,868, which is slightly above the FMR but still within a reasonable range for the area.
The median home value in ZIP 63367 is $441,334, aligning closely with the typical home values found across the St. Louis, MO-IL HUD Metro FMR Area. This suggests that the housing market in Lake Saint Louis is neither significantly undervalued nor overpriced relative to its metro peers. Additionally, the renter share in this ZIP stands at 18.5%, indicating a moderate proportion of renters compared to owner-occupied homes.
Evaluating these figures, it can be inferred that ZIP 63367 represents a mid-tier neighborhood within the St. Louis, MO-IL HUD Metro FMR Area. The market rent is higher than the FMR, but the difference is not substantial enough to categorize it as a premium sub-market. Moreover, the median home value is consistent with the wider area, reinforcing the notion of a balanced, middle-range market.
A noteworthy observation is the divergence between the relatively high renter share and the home values that are in line with the metro average. This characteristic could signal a potential sweet spot for Section 8 landlords, given that there's a significant number of renters who might benefit from the housing assistance program, without the property values being excessively lower than the metro average.
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.