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St. Louis City/Saint Louis/63120

63120

ZIPSAFMR
St. Louis City, MO
Zillow

ZIP Investment Score

171High yield potential

095130300
BRFMR
Eff. Rent
0 BR$880$950
1 BR$920$1,000
2 BR$1,120$1,090
3 BR$1,440$1,310
4 BR$1,660$1,270
5 BR$1,909Not available
6 BR$2,195Not available
7 BR$2,525Not available
8 BR$2,903Not available

Purchase Price Calculator

Maximum purchase price
$100,057

Cost breakdown

+Likely effective rent$1,090
HUD FMR$1,120
Market rentUsed$1,090
Est. payment standard (98%)$1,100
-Principal and interest-$506
Loan amount$80,046
Down payment$20,011
Rate6.50%
Term30 years
-Operating costs-$384
Property taxes-$100
Insurance-$175
Utilities$0
HOA$0
Management-$109
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,761(88.8% ROI)
Projected value
$107,751
Return breakdown
Property appreciation+$7,693
Loan principal paid down+$2,868
Rental cash flow+$7,200
5-year hold
+$30,262(151.2% ROI)
Projected value
$113,205
Return breakdown
Property appreciation+$13,148
Loan principal paid down+$5,114
Rental cash flow+$12,000
10-year hold
+$64,210(320.9% ROI)
Projected value
$128,081
Return breakdown
Property appreciation+$28,024
Loan principal paid down+$12,186
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.88
2 BR
1.03
3 BR
1.10
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 63120 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63120 (Saint Louis, MO) is $1,120 a month. That is up 8.7% from $1,030 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, 63120 is tied for the 31st-highest two-bedroom rent (county range $1,040–$2,000). The median county two-bedroom FMR in Missouri is $962, so ZIP 63120 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63120
BedroomsFY 2027Change90–110% range
Studio$880+8.6%$792–$968
1BR$920+9.5%$828–$1,012
2BR$1,120+8.7%$1,008–$1,232
3BR$1,440+8.3%$1,296–$1,584
4BR$1,660+8.5%$1,494–$1,826

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63120
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$920$1,120$1,440$1,660
FY 2026$810$840$1,030$1,330$1,530
FY 2025$840$880$1,090$1,410$1,640
FY 2024$770$800$1,000$1,290$1,500
FY 2023$630$680$860$1,110$1,310

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 63120
63110$1,630+45.5%
63111$1,070−4.5%
63112$1,320+17.9%
63113$1,250+11.6%
63115$1,160+3.6%
63116$1,310+17.0%
63117$1,540+37.5%
63118$1,320+17.9%
63119$1,440+28.6%
63120Current$1,120—
63123$1,370+22.3%
63125$1,160+3.6%

Questions about ZIP 63120 rents

How much will Section 8 pay for a two-bedroom in ZIP 63120?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,120, that basic range is $1,008 to $1,232 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 63120 in?

ZIP 63120 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 63120 for FY 2027?

The two-bedroom FMR rose 8.7%, from $1,030 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 30.2%.

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