Section 8 Fair Market Rent (FMR) for ZIP 63458 - 2027

Location: Knox County, MO | Metro: Knox County, MO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$770
2 Bedrooms	$1,010
3 Bedrooms	$1,290
4 Bedrooms	$1,540
5 Bedrooms	$1,786
6 Bedrooms	$2,000
7 Bedrooms	$2,160
8 Bedrooms	$2,268

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

185

Median Household Income

$69,250

Housing Units

145

Renter Percentage

3.9%

Occupancy Rate

53.1%

Renter Occupied

The ZIP code 63458, located in St. Clair County, Missouri, offers a unique blend of rural charm and accessibility to urban amenities. This area is characterized by its modest size and close-knit community, making it an attractive location for both residents and investors looking for a stable, low-key market.

Fair Market Rent (FMR): $1,010 (for metro areas, FY 2026): The FMR for ZIP 63458 indicates that the average rent for a two-bedroom apartment should be set at $1,010 to ensure affordability for low-income renters, which reflects the local rental market's pricing dynamics.
Renter Share: 3.9%: With only 3.9% of the population being renters, this suggests a market where homeownership is the predominant housing choice, potentially leading to lower demand for rental properties.
Median Income: $69,250: The median household income in ZIP 63458 stands at $69,250, providing a baseline for assessing the financial capability of potential tenants to afford higher rents.
Note on Median Home Value and Days on Market (DOM): Data Unavailable: Unfortunately, specific data on median home values and days on market for rentals is not available for this ZIP code. This gap could indicate a less active real estate market, but further investigation is needed to confirm.

Investors considering entering the ZIP 63458 market should focus on the Fair Market Rent figure to guide their pricing strategies for rental units. Despite the low renter share, the median income provides a solid foundation for ensuring tenant stability and timely rent payments. However, the lack of detailed data on median home values and days on market underscores the necessity for thorough due diligence before committing to investments in this area. The combination of these factors points to a niche market that may offer steady returns but requires careful management and a clear understanding of the local economy.

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.