ZIP 62002 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 62002 in the St. Louis, MO-IL FMR area.

St. Louis, MO-IL

$1,030Efficiency
$1,0601 bedroom
$1,3002 bedrooms
$1,6703 bedrooms
$1,9304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,030$927$1,133$1,064
1 bedroom$1,060$954$1,166$1,104
2 bedrooms$1,300$1,170$1,430$1,349
3 bedrooms$1,670$1,503$1,837$1,731
4 bedrooms$1,930$1,737$2,123$1,997

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Macoupin County, IL

$1,030Efficiency
$1,0601 bedroom
$1,3002 bedrooms
$1,6703 bedrooms
$1,9304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,030$927$1,133$743
1 bedroom$1,060$954$1,166$748
2 bedrooms$1,300$1,170$1,430$978
3 bedrooms$1,670$1,503$1,837$1,191
4 bedrooms$1,930$1,737$2,123$1,492

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 62002

$61,941average adjusted gross income per tax return (2022)
$42,864average salaries and wages per return
13,700tax returns filed
25%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00032.6%
$25,000 to $50,00027.3%
$50,000 to $75,00015.0%
$75,000 to $100,0009.6%
$100,000 to $200,00012.6%
$200,000 or more3.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 20.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 62002?

HUD's FY2027 Small Area FMRs for ZIP 62002 (St. Louis, MO-IL) are $1,030 efficiency, $1,060 one bedroom, $1,300 two bedrooms, $1,670 three and $1,930 four bedrooms.

What payment standard can a housing authority set in ZIP 62002?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,170 to $1,430.

How affordable is rent in ZIP 62002?

Tax returns filed from ZIP 62002 reported an average adjusted gross income of $61,941 (2022). A two-bedroom unit at the Small Area FMR costs $15,600 a year, or 25% of that income.