Skip to main content
Loading page
St. Louis County/Saint Louis/63124

63124

ZIPSAFMR
St. Louis County, MO
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$1,590$1,470
1 BR$1,650$1,650
2 BR$2,020$1,920
3 BR$2,590$2,850
4 BR$2,990$3,290
5 BR$3,438Not available
6 BR$3,954Not available
7 BR$4,547Not available
8 BR$5,230Not available

Purchase Price Calculator

Maximum purchase price
$223,395

Cost breakdown

+Likely effective rent$1,920
HUD FMR$2,020
Market rentUsed$1,920
Est. payment standard (97%)$1,960
-Principal and interest-$1,130
Loan amount$178,716
Down payment$44,679
Rate6.50%
Term30 years
-Operating costs-$590
Property taxes-$223
Insurance-$175
Utilities$0
HOA$0
Management-$192
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,780(68.9% ROI)
Projected value
$240,572
Return breakdown
Property appreciation+$17,177
Loan principal paid down+$6,403
Rental cash flow+$7,200
5-year hold
+$52,774(118.1% ROI)
Projected value
$252,751
Return breakdown
Property appreciation+$29,356
Loan principal paid down+$11,418
Rental cash flow+$12,000
10-year hold
+$113,777(254.7% ROI)
Projected value
$285,964
Return breakdown
Property appreciation+$62,569
Loan principal paid down+$27,207
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.08
1 BR
1.00
2 BR
1.05
3 BR
0.86
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 63124 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 63124 (Saint Louis, MO) is $2,020 a month. That is up 10.4% from $1,830 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 54 ZIP codes in St. Louis County, 63124 is tied for the highest two-bedroom rent (county range $1,060–$2,020). The median county two-bedroom FMR in Missouri is $962, so ZIP 63124 is 110% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 63124
BedroomsFY 2027Change90–110% range
Studio$1,590+10.4%$1,431–$1,749
1BR$1,650+10.7%$1,485–$1,815
2BR$2,020+10.4%$1,818–$2,222
3BR$2,590+9.7%$2,331–$2,849
4BR$2,990+9.9%$2,691–$3,289

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 63124
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,590$1,650$2,020$2,590$2,990
FY 2026$1,440$1,490$1,830$2,360$2,720
FY 2025$1,420$1,470$1,820$2,350$2,700
FY 2024$1,240$1,300$1,620$2,100$2,440
FY 2023$900$960$1,200$1,550$1,820

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 63124
63119$1,440−28.7%
63120$1,120−44.6%
63121$1,230−39.1%
63122$1,600−20.8%
63123$1,370−32.2%
63124Current$2,020—
63125$1,160−42.6%
63126$1,350−33.2%
63127$1,450−28.2%
63128$1,380−31.7%
63129$1,330−34.2%
63130$1,480−26.7%

Questions about ZIP 63124 rents

How much will Section 8 pay for a two-bedroom in ZIP 63124?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,020, that basic range is $1,818 to $2,222 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 63124 in?

ZIP 63124 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 63124 for FY 2027?

The two-bedroom FMR rose 10.4%, from $1,830 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 68.3%.

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