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St. Louis County/Chesterfield/63005

63005

ZIPSAFMR
St. Louis County, MO
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,470$1,620
1 BR$1,520$1,600
2 BR$1,860$1,990
3 BR$2,390$2,380
4 BR$2,750$2,960
5 BR$3,162Not available
6 BR$3,637Not available
7 BR$4,182Not available
8 BR$4,810Not available

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$1,860
Market rent$2,060
Est. payment standard (107%)Used$1,990
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.93
2 BR
0.90
3 BR
1.00
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 63005 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63005 (Chesterfield, MO) is $1,860 a month. That is up 11.4% from $1,670 in FY 2026. Chesterfield is in the St. Louis, MO-IL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 54 ZIP codes in St. Louis County, 63005 has the 8th-highest two-bedroom rent (county range $1,060–$2,020). The median county two-bedroom FMR in Missouri is $962, so ZIP 63005 is 93% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63005
BedroomsFY 2027Change90–110% range
Studio$1,470+12.2%$1,323–$1,617
1BR$1,520+11.8%$1,368–$1,672
2BR$1,860+11.4%$1,674–$2,046
3BR$2,390+11.2%$2,151–$2,629
4BR$2,750+10.9%$2,475–$3,025

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63005
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,470$1,520$1,860$2,390$2,750
FY 2026$1,310$1,360$1,670$2,150$2,480
FY 2025$1,250$1,300$1,600$2,070$2,380
FY 2024$1,220$1,280$1,590$2,060$2,390
FY 2023$970$1,030$1,290$1,670$1,950

Two-bedroom rent in nearby St. Louis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 63005
63005Current$1,860—
63006$1,430−23.1%
63011$1,910+2.7%
63017$1,930+3.8%
63021$1,630−12.4%
63022$1,430−23.1%
63024$1,430−23.1%
63025$1,510−18.8%
63026$1,380−25.8%
63031$1,650−11.3%
63032$1,430−23.1%
63033$1,410−24.2%

Questions about ZIP 63005 rents

How much will Section 8 pay for a two-bedroom in ZIP 63005?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,860, that basic range is $1,674 to $2,046 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 63005 in?

ZIP 63005 is in the St. Louis, MO-IL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 63005 for FY 2027?

The two-bedroom FMR rose 11.4%, from $1,670 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 44.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentChesterfield, MO fair market rentMO statewide rentsWhat is SAFMR?Data sources