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St. Louis County/Ballwin/63021

63021

ZIPSAFMR
St. Louis County, MO
Zillow

ZIP Investment Score

111Above average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,420
1 BR$1,330$1,460
2 BR$1,630$1,750
3 BR$2,090$2,180
4 BR$2,410$2,490
5 BR$2,772Not available
6 BR$3,187Not available
7 BR$3,665Not available
8 BR$4,215Not available

Purchase Price Calculator

Maximum purchase price
$198,133

Cost breakdown

+Likely effective rent$1,750
HUD FMR$1,630
Market rent$1,810
Est. payment standard (107%)Used$1,750
-Principal and interest-$1,002
Loan amount$158,506
Down payment$39,627
Rate6.50%
Term30 years
-Operating costs-$548
Property taxes-$198
Insurance-$175
Utilities$0
HOA$0
Management-$175
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,113(70.9% ROI)
Projected value
$213,367
Return breakdown
Property appreciation+$15,235
Loan principal paid down+$5,679
Rental cash flow+$7,200
5-year hold
+$48,163(121.5% ROI)
Projected value
$224,169
Return breakdown
Property appreciation+$26,036
Loan principal paid down+$10,127
Rental cash flow+$12,000
10-year hold
+$103,625(261.5% ROI)
Projected value
$253,627
Return breakdown
Property appreciation+$55,494
Loan principal paid down+$24,131
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
0.83
2 BR
0.90
3 BR
0.94
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 63021 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63021 (Ballwin, MO) is $1,630 a month. That is up 13.2% from $1,440 in FY 2026. Ballwin 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, 63021 has the 15th-highest two-bedroom rent (county range $1,060–$2,020). The median county two-bedroom FMR in Missouri is $962, so ZIP 63021 is 69% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63021
BedroomsFY 2027Change90–110% range
Studio$1,290+14.2%$1,161–$1,419
1BR$1,330+12.7%$1,197–$1,463
2BR$1,630+13.2%$1,467–$1,793
3BR$2,090+13.0%$1,881–$2,299
4BR$2,410+12.6%$2,169–$2,651

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63021
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,330$1,630$2,090$2,410
FY 2026$1,130$1,180$1,440$1,850$2,140
FY 2025$1,130$1,170$1,450$1,870$2,160
FY 2024$1,120$1,170$1,460$1,890$2,190
FY 2023$890$950$1,190$1,540$1,800

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 63021
63006$1,430−12.3%
63011$1,910+17.2%
63017$1,930+18.4%
63021Current$1,630—
63022$1,430−12.3%
63024$1,430−12.3%
63025$1,510−7.4%
63026$1,380−15.3%
63031$1,650+1.2%
63032$1,430−12.3%
63033$1,410−13.5%
63034$2,020+23.9%

Questions about ZIP 63021 rents

How much will Section 8 pay for a two-bedroom in ZIP 63021?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,630, that basic range is $1,467 to $1,793 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 63021 in?

ZIP 63021 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 63021 for FY 2027?

The two-bedroom FMR rose 13.2%, from $1,440 in FY 2026 to $1,630 in FY 2027. Since FY 2023 it has risen 37.0%.

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