Section 8 Fair Market Rent (FMR) for ZIP 63839 - 2027

Location: Pemiscot County, MO | Metro: Pemiscot County, MO

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$740
2 Bedrooms	$960
3 Bedrooms	$1,300
4 Bedrooms	$1,340
5 Bedrooms	$1,554
6 Bedrooms	$1,740
7 Bedrooms	$1,879
8 Bedrooms	$1,973

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

290

Median Household Income

$42,250

Housing Units

163

Renter Percentage

36.4%

Occupancy Rate

87.7%

Renter Occupied

The ZIP code 63839, located in St. Charles County, Missouri, is characterized by its suburban landscape and proximity to the metropolitan area of St. Louis. This region offers a mix of residential communities, recreational areas, and access to urban amenities, making it attractive for both tenants and investors.

Fair Market Rent (FMR): The FMR for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $900, indicating a strong rental market that supports higher rent levels.
Market Rent: According to Census ACS data, the average market rent for properties in ZIP 63839 is $665, suggesting that there is room for rental price increases to align with the FMR.
Renter Share: The renter share of the population stands at 36.4%, which is significant enough to ensure a consistent demand for rental properties.
Median Home Value: Data on median home values is currently unavailable for ZIP 63839, but this is typical for areas with a high proportion of renters.
Days on Market (DOM): Information on the average days a property stays on the market before being rented is also not available, but this can be an indicator of how quickly units get filled.
Median Income: The median household income in ZIP 63839 is $42,250, which is lower than the national average and could affect tenants' ability to pay higher rents.

Investors in ZIP 63839 should focus on properties that can command rents close to the Fair Market Rent without exceeding the financial capacity of the local tenant pool. The significant renter share ensures steady demand, while the gap between the current market rent and the FMR suggests potential for rental growth. However, the median income level implies a need for affordability, so pricing strategies must balance these factors to maximize occupancy rates and returns.

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.