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 | $1,110 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,810 | $245,653 | 0.74% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP 63386 within the St. Louis, MO-IL HUD Metro FMR Area does not align favorably. The Fair Market Rent (FMR) set at $1230 for the fiscal year 2024 is notably lower than the reported market rent of $1,375 according to Census ACS data. This discrepancy suggests that landlords may struggle to cover costs if they adhere strictly to the FMR guidelines.
Regarding property acquisition, the median home value of $180,318 is within reach for many small-portfolio investors, but the lack of data on days on market (DOM) and the percentage of homes needing price cuts indicates an uncertain landscape. Without these figures, it's challenging to assess the ease or difficulty of acquiring properties at a reasonable cost.
Tenant demand in ZIP 63386 is modest. With a total population of 482, only 13.8% are renters. This low percentage of potential tenants means that the pool of prospective residents is limited, which could impact the ability to fill vacancies quickly and consistently.
In summary, while the median home value presents a feasible entry point for investment, the mismatch between FMR and market rents, combined with the limited tenant base, suggests that ZIP 63386 may not be the most profitable area for landlords and small-portfolio investors. The lack of detailed acquisition metrics further complicates the decision-making process, indicating a need for thorough local market research before committing capital.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.