Location: Washington County, MO | Metro: St. Louis, MO-IL HUD Metro FMR Area
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 | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $228,350 | 0.61% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 65441 presents a unique opportunity for both landlords and small-portfolio investors, given the specific metrics at play. With a median home value of $222,825, the area is positioned in an affordable segment of the market. However, the data showing that the percentage of listings reduced is N/A and the median days on market (DOM) is also N/A suggests a stable housing market without significant price adjustments or prolonged periods of unsold inventory. This stability implies that homeowners and sellers have a certain level of pricing power, maintaining values without needing to lower prices to attract buyers.
On the rental side, the Fair Market Rent (FMR) for ZIP 65441 in fiscal year 2024 is set at $1010, while the current market rent stands at $911. This indicates that there is potential for rental income growth, as properties are likely to be able to command higher rents closer to the FMR in the coming period. Landlords can expect to see modest increases in their rental incomes, aligning with the projected FMR, which can improve cash flows and investment returns.
For long-term investors, the setup in ZIP 65441 suggests a realistic appreciation thesis. The stable housing market, combined with the potential for rental income growth, points towards a steady increase in property values. While the exact rate of appreciation cannot be specified due to limited data on listing reductions and DOM, the overall trend indicates that properties held for extended periods will likely retain and grow in value. The affordability of homes and the proximity of current rents to the FMR suggest that demand will remain strong, supporting property value appreciation.
In summary, ZIP 65441 offers a balanced environment where both homeowners and landlords can maintain and potentially enhance their financial positions. The median home value provides a solid foundation, while the rental market's alignment with FMR forecasts future growth. Long-term investors should anticipate continued value retention and gradual appreciation, making it a favorable location for real estate investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.