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St. Louis County/Wildwood/63040

63040

ZIPSAFMR
St. Louis County, MO
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,480$1,630
1 BR$1,540$1,570
2 BR$1,880$1,980
3 BR$2,410$2,420
4 BR$2,780$2,780
5 BR$3,197Not available
6 BR$3,677Not available
7 BR$4,228Not available
8 BR$4,862Not available

Purchase Price Calculator

Maximum purchase price
$232,311

Cost breakdown

+Likely effective rent$1,980
HUD FMR$1,880
Market rent$2,040
Est. payment standard (106%)Used$1,980
-Principal and interest-$1,175
Loan amount$185,849
Down payment$46,462
Rate6.50%
Term30 years
-Operating costs-$605
Property taxes-$232
Insurance-$175
Utilities$0
HOA$0
Management-$198
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,721(68.3% ROI)
Projected value
$250,173
Return breakdown
Property appreciation+$17,863
Loan principal paid down+$6,659
Rental cash flow+$7,200
5-year hold
+$54,401(117.1% ROI)
Projected value
$262,838
Return breakdown
Property appreciation+$30,528
Loan principal paid down+$11,874
Rental cash flow+$12,000
10-year hold
+$117,360(252.6% ROI)
Projected value
$297,377
Return breakdown
Property appreciation+$65,067
Loan principal paid down+$28,293
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
0.97
2 BR
0.92
3 BR
1.00
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 63040 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63040 (Wildwood, MO) is $1,880 a month. That is up 16.0% from $1,620 in FY 2026. Wildwood 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, 63040 has the 7th-highest two-bedroom rent (county range $1,060–$2,020). The median county two-bedroom FMR in Missouri is $962, so ZIP 63040 is 95% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63040
BedroomsFY 2027Change90–110% range
Studio$1,480+16.5%$1,332–$1,628
1BR$1,540+16.7%$1,386–$1,694
2BR$1,880+16.0%$1,692–$2,068
3BR$2,410+15.3%$2,169–$2,651
4BR$2,780+15.4%$2,502–$3,058

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63040
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,540$1,880$2,410$2,780
FY 2026$1,270$1,320$1,620$2,090$2,410
FY 2025$1,240$1,290$1,590$2,050$2,360
FY 2024$1,210$1,260$1,570$2,030$2,360
FY 2023$970$1,030$1,300$1,680$1,970

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 63040
63026$1,380−26.6%
63031$1,650−12.2%
63032$1,430−23.9%
63033$1,410−25.0%
63034$2,020+7.4%
63038$1,670−11.2%
63040Current$1,880—
63042$1,190−36.7%
63043$1,480−21.3%
63044$1,330−29.3%
63045$1,430−23.9%
63049$1,160−38.3%

Questions about ZIP 63040 rents

How much will Section 8 pay for a two-bedroom in ZIP 63040?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,880, that basic range is $1,692 to $2,068 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 63040 in?

ZIP 63040 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 63040 for FY 2027?

The two-bedroom FMR rose 16.0%, from $1,620 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 44.6%.

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