Location: St. Clair County, MO | Metro: St. Clair County, MO
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
25.0% of residents in ZIP 64781 are renters, indicating a moderate demand for rental properties in the area. In contrast, the median income stands at $43,056, which suggests that while there is a significant portion of the population renting, their income levels might limit the amount they can afford to pay. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900, providing a benchmark for rental pricing that aligns with what is considered fair for the region. This figure is crucial for landlords and small-portfolio investors looking to price their rentals competitively without overcharging.
Although the median home value and market rent are not available, the combination of the 25.0% renter share and the $900 FMR offers insight into the local rental market dynamics. For investors, understanding these numbers helps in making informed decisions about property acquisition and management strategies. The $900 FMR is a key consideration for setting rents that attract tenants while also ensuring profitability.
The lack of data on days on market (DOM) and the percentage of homes needing price cuts indicates that there might be limited information on how quickly homes are selling and whether sellers are facing challenges in finding buyers. However, the focus for rental property investors should remain on the FMR and the renter share to gauge potential occupancy rates and rental income stability.
Investors should also consider the median income of $43,056 when evaluating the financial health of potential tenants and the overall rental market sustainability. A strong alignment between the median income and the FMR is essential for maintaining a healthy tenant pool and avoiding high vacancy rates.
In summary, with a 25.0% renter share and a $900 FMR, ZIP 64781 presents an opportunity for investors to enter a balanced rental market where demand meets fair pricing. The median income of $43,056 supports the affordability of these rents, ensuring a stable tenant base. Given these factors, ZIP 64781 is a favorable location for Section 8 investments, offering a solid foundation for rental property success.
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.