St. Louis City/Saint Louis/63102

63102

ZIPSAFMR

St. Louis City, MO

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ZIP Investment Score

118Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,140	$1,140	5.2%
1 BR	$1,190	$1,260	4.9%
2 BR	$1,450	$1,430	4.2%
3 BR	$1,860	$1,630	3.9%
4 BR	$2,150	$2,030	3.8%
5 BR	$2,473	Not available	3.9%
6 BR	$2,843	Not available	3.8%
7 BR	$3,270	Not available	3.8%
8 BR	$3,760	Not available	3.8%

Purchase Price Calculator

Maximum purchase price

$150,581

Cost breakdown

+Likely effective rent$1,430

HUD FMR$1,450

Market rentUsed$1,430

Est. payment standard (99%)$1,440

-Principal and interest-$761

Loan amount$120,465

Down payment$30,116

Rate6.50%

Term30 years

-Operating costs-$469

Property taxes-$151

Insurance-$175

Utilities$0

HOA$0

Management-$143

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$23,094(76.7% ROI)

Projected value

$162,159

Return breakdown

Property appreciation+$11,578

Loan principal paid down+$4,316

Rental cash flow+$7,200

5-year hold

+$39,484(131.1% ROI)

Projected value

$170,368

Return breakdown

Property appreciation+$19,788

Loan principal paid down+$7,697

Rental cash flow+$12,000

10-year hold

+$84,515(280.6% ROI)

Projected value

$192,756

Return breakdown

Property appreciation+$42,175

Loan principal paid down+$18,339

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.00ratio

FMR$1,140

Market$1,140

vs market+$0

FMR is near market; voucher and private rents are aligned.

1.00

1 BR

0.92ratio

FMR$1,190

Market$1,290

vs market-$100

FMR is near market; voucher and private rents are aligned.

0.92

2 BR

1.01ratio

FMR$1,450

Market$1,430

vs market+$20

FMR is near market; voucher and private rents are aligned.

1.01

3 BR

1.14ratio

FMR$1,860

Market$1,630

vs market+$230

FMR is above market; underwrite to market rent.

1.14

4 BR

1.06ratio

FMR$2,150

Market$2,030

vs market+$120

FMR is near market; voucher and private rents are aligned.

1.06

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 63102 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63102 (Saint Louis, MO) is $1,450 a month. That is up 13.3% from $1,280 in FY 2026. Saint Louis 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 35 ZIP codes in St. Louis City, 63102 has the 9th-highest two-bedroom rent (county range $1,040–$2,000). The median county two-bedroom FMR in Missouri is $962, so ZIP 63102 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63102
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,000	$1,140	+14.0%	$1,026–$1,254
1BR	$1,050	$1,190	+13.3%	$1,071–$1,309
2BR	$1,280	$1,450	+13.3%	$1,305–$1,595
3BR	$1,650	$1,860	+12.7%	$1,674–$2,046
4BR	$1,900	$2,150	+13.2%	$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63102
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,140	$1,190	$1,450	$1,860	$2,150
FY 2026	$1,000	$1,050	$1,280	$1,650	$1,900
FY 2025	$990	$1,020	$1,260	$1,630	$1,870
FY 2024	$980	$1,030	$1,280	$1,660	$1,920
FY 2023	$790	$840	$1,050	$1,360	$1,590

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 63102
63101	$1,600	+10.3%
63102Current	$1,450	—
63103	$1,270	−12.4%
63104	$1,490	+2.8%
63105	$1,890	+30.3%
63106	$1,040	−28.3%
63107	$1,100	−24.1%
63108	$2,000	+37.9%
63109	$1,380	−4.8%
63110	$1,630	+12.4%
63111	$1,070	−26.2%
63112	$1,320	−9.0%

Questions about ZIP 63102 rents

How much will Section 8 pay for a two-bedroom in ZIP 63102?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,450, that basic range is $1,305 to $1,595 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 63102 in?

ZIP 63102 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 63102 for FY 2027?

The two-bedroom FMR rose 13.3%, from $1,280 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 38.1%.

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 rent Saint Louis, MO fair market rent MO statewide rents What is SAFMR?Data sources