Location: Washington County, MO | Metro: St. Francois County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
16.5% of residents in ZIP 63630 are renters, indicating a moderate demand for rental properties in the area. The $920 Fair Market Rent (FMR) set for metro areas in fiscal year 2026 reflects the government's assessment of reasonable rental costs, which is slightly below the $925 average market rent reported by the Census Bureau's American Community Survey. This suggests that landlords could potentially align their rental rates with the FMR to remain competitive while still attracting tenants.
$203,893 is the median home value in ZIP 63630, which provides a baseline for property values in the region. However, the median income of $52,482 is relatively low compared to other areas, which could affect the purchasing power of potential homeowners and thus increase reliance on rental housing. While there is no specific data available for the number of days on market (DOM) or the percentage of price-cut shares, these figures would be crucial for understanding how quickly properties sell and at what discount rate, if any.
The disparity between the FMR and market rent indicates a slight premium that landlords might charge, but it also means that they must ensure their properties meet the standards expected at higher rents. Landlords should consider the local economic conditions, including the median income, when setting their rental prices to maintain occupancy levels.
In ZIP 63630, the $920 FMR represents a significant portion of the median income, making affordability a key issue for potential tenants. Given the $925 market rent, properties priced near the FMR will likely attract more interest from both regular tenants and those eligible for Section 8 assistance. The moderate renter share of 16.5% suggests that there is room for growth in the rental market without overwhelming competition.
For landlords and small-portfolio investors in ZIP 63630, the Section 8 program can serve as a reliable source of tenants who can afford the $920 FMR. It ensures a steady stream of rental income and reduces the risk of vacancy. The verdict on Section 8 for ZIP 63630 is positive, given the alignment between the FMR and local rental market conditions.
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.