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St. Louis County/Florissant/63031

63031

ZIPSAFMR
St. Louis County, MO
Zillow

ZIP Investment Score

172High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,320
1 BR$1,350$1,260
2 BR$1,650$1,330
3 BR$2,120$1,690
4 BR$2,440$1,860
5 BR$2,806Not available
6 BR$3,227Not available
7 BR$3,711Not available
8 BR$4,268Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMR$1,650
Market rentUsed$1,330
Est. payment standard (90%)$1,490
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
1.07
2 BR
1.24
3 BR
1.25
4 BR
1.31
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 63031 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63031 (Florissant, MO) is $1,650 a month. That is up 14.6% from $1,440 in FY 2026. Florissant 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, 63031 has the 13th-highest two-bedroom rent (county range $1,060–$2,020). The median county two-bedroom FMR in Missouri is $962, so ZIP 63031 is 72% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63031
BedroomsFY 2027Change90–110% range
Studio$1,300+15.0%$1,170–$1,430
1BR$1,350+14.4%$1,215–$1,485
2BR$1,650+14.6%$1,485–$1,815
3BR$2,120+14.6%$1,908–$2,332
4BR$2,440+14.0%$2,196–$2,684

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63031
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,350$1,650$2,120$2,440
FY 2026$1,130$1,180$1,440$1,850$2,140
FY 2025$1,080$1,120$1,380$1,780$2,050
FY 2024$1,070$1,130$1,400$1,810$2,100
FY 2023$870$920$1,160$1,500$1,760

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 63031
63021$1,630−1.2%
63022$1,430−13.3%
63024$1,430−13.3%
63025$1,510−8.5%
63026$1,380−16.4%
63031Current$1,650—
63032$1,430−13.3%
63033$1,410−14.5%
63034$2,020+22.4%
63038$1,670+1.2%
63040$1,880+13.9%
63042$1,190−27.9%

Questions about ZIP 63031 rents

How much will Section 8 pay for a two-bedroom in ZIP 63031?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,650, that basic range is $1,485 to $1,815 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 63031 in?

ZIP 63031 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 63031 for FY 2027?

The two-bedroom FMR rose 14.6%, from $1,440 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 42.2%.

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