Location: St. Francois County, MO | Metro: St. Francois County, MO
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 | $730 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $128,371 | 0.75% | D |
| 3BR | $1,160 | $242,699 | 0.48% | F |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 63637, located in St. Francois County, Missouri, presents unique opportunities for both landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $890 for the fiscal year 2026, covering the broader metro scope. However, the current market rent for the area is not available, making it difficult to directly compare the two figures.
To understand the potential cash flow for voucher tenants, we must consider the median home value in the area, which stands at $190,443. This figure can be used to derive the rent-to-price ratio, which is an important indicator of how well rental income aligns with property values. Given the FMR of $890, the annual rent would amount to approximately $10,680, leading to a rent-to-price ratio of about 5.6%. This suggests that voucher tenants in this area will generally cashflow at the FMR rate, although the exact dynamics depend on the specific unit's rent and operating costs.
The median days on market (DOM) and the percentage of price cuts are not provided for this ZIP code, which means we cannot fully assess the rent-versus-buy dynamics. Nonetheless, the current data indicates that investors should expect to see steady cash flow from Section 8 tenants given the alignment between the FMR and the median home value.
In conclusion, the strongest investor angle in ZIP code 63637 is likely to be cash flow, due to the reasonable FMR relative to the median home value, ensuring that properties can generate positive returns when rented to voucher holders.
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.