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 | $950 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $359,516 | 0.34% | F |
| 3BR | $1,550 | $321,489 | 0.48% | F |
| 4BR | $1,790 | $462,382 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 63390, located in Wright City, Missouri, stands out within Warren County due to its unique demographic and economic characteristics. With a total population of 10,970, it has a relatively low rental rate of 16.9%, indicating that most residents prefer homeownership. The median household income of $82,351 suggests a middle-class community, while the median home value of $344,612 reflects a stable housing market where property values are robust.
For landlords and small-portfolio investors, the dynamics of Section 8 vouchers in ZIP 63390 present both opportunities and challenges. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1110 per month, which is notably higher than the current market rent of $894 as reported by the Census Bureau's American Community Survey (ACS). This discrepancy means that landlords who accept Section 8 vouchers can expect to receive a subsidy that exceeds typical market rates, potentially leading to increased profitability on rental properties.
The data signature for ZIP 63390 reads as stable. The high median home value indicates a strong local economy and a preference among residents for owning homes rather than renting. Additionally, the median income supports this trend, suggesting that the majority of residents have the financial capacity to purchase homes. While the rental market is smaller, the higher FMR for Section 8 vouchers provides an incentive for landlords to participate in the program, ensuring a steady stream of tenants even if the overall rental demand is lower compared to other areas.
In conclusion, ZIP 63390 presents a balanced environment for real estate investment. For those considering rental properties, particularly under the Section 8 program, the potential for above-market rents is significant. However, the strong homeownership trend suggests that any investment strategy should also consider the broader economic stability of the area, which supports long-term property appreciation.
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.