Location: Washington County, MO | Metro: Washington County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 63622, located in a county with a population of 764 residents, stands out due to its unique demographic composition. With 36.4% of the residents renting their homes, it indicates a significant portion of the population relies on rental housing. Despite the lack of data on the median home value, the median income of $31,750 provides insight into the financial situation of the area's residents.
When analyzing the voucher economics for this ZIP code, the Federal Market Rent (FMR) for fiscal year 2026 is set at $890. This figure contrasts sharply with the current market rent, which is reported at $624 according to the Census American Community Survey. Landlords and small-portfolio investors should note that the difference between these two figures can impact their decision-making process regarding participation in the Section 8 program. The higher FMR rate means that landlords could potentially receive more in rental assistance than what they might charge in the local market, thus providing an incentive to accept vouchers.
The data signature for ZIP 63622 suggests a transitional environment. The significant percentage of renters and the disparity between FMR and market rents indicate a possible shift towards greater reliance on rental assistance programs. However, the low median income and the absence of data on median home values point to a community that may be facing economic challenges. Landlords and investors should consider these factors when evaluating the potential stability and profitability of their investments in this ZIP code.
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.