Location: Washington County, MO | Metro: St. Francois County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The market snapshot for ZIP code 63626 reveals a unique set of conditions that frame it as a market in motion. With a Fair Market Rent (FMR) of $960 for the fiscal year 2026, this figure provides insight into the rental market's value benchmark, but the lack of specific market rent data suggests a less active rental environment compared to other areas.
The median home value in ZIP 63626 stands at $275,922. This indicates a stable homeownership market, though without comparative historical data, we cannot definitively state whether this value represents an increase or decrease over time. The absence of a percentage for price-cut share and days on market (DOM) implies that there is limited turnover or distressed properties, which could suggest a balanced or slightly buyer-friendly market depending on the broader context.
A critical observation is the 0.0% renter share statistic. This unusual figure strongly suggests that the majority of residents in ZIP 63626 are homeowners, rather than renters. This high level of homeownership can indicate a community that is less prone to short-term fluctuations in rental demand, potentially leading to a more stable housing market overall. However, it also points to a significant long-term housing pressure dynamic, where the lack of rental options might drive up homeownership rates further, making it increasingly challenging for new residents to enter the market unless they are prepared to purchase.
The dynamics at play in ZIP 63626 paint a picture of a market that is currently tilted towards homeownership, with minimal supply in the rental sector. Landlords and small-portfolio investors should be cautious about entering the rental market without a clear understanding of the local demand, as the snapshot suggests that rental opportunities are scarce. For those interested in purchasing homes as investments, the median home value offers a solid baseline for assessing potential property values, but the implications of the 0.0% renter share must be considered carefully.
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.