ZIP 62088 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 62088 in the St. Louis, MO-IL FMR area.

St. Louis, MO-IL

$820Efficiency
$8201 bedroom
$1,0702 bedrooms
$1,3103 bedrooms
$1,6304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$820$738$902$1,064
1 bedroom$820$738$902$1,104
2 bedrooms$1,070$963$1,177$1,349
3 bedrooms$1,310$1,179$1,441$1,731
4 bedrooms$1,630$1,467$1,793$1,997

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

Macoupin County, IL

$820Efficiency
$8201 bedroom
$1,0702 bedrooms
$1,3103 bedrooms
$1,6304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$820$738$902$743
1 bedroom$820$738$902$748
2 bedrooms$1,070$963$1,177$978
3 bedrooms$1,310$1,179$1,441$1,191
4 bedrooms$1,630$1,467$1,793$1,492

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

Income in ZIP 62088

$74,347average adjusted gross income per tax return (2022)
$53,077average salaries and wages per return
3,130tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.9%
$25,000 to $50,00022.7%
$50,000 to $75,00016.3%
$75,000 to $100,00011.5%
$100,000 to $200,00019.5%
$200,000 or more4.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 62088?

HUD's FY2027 Small Area FMRs for ZIP 62088 (St. Louis, MO-IL) are $820 efficiency, $820 one bedroom, $1,070 two bedrooms, $1,310 three and $1,630 four bedrooms.

What payment standard can a housing authority set in ZIP 62088?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $963 to $1,177.

How affordable is rent in ZIP 62088?

Tax returns filed from ZIP 62088 reported an average adjusted gross income of $74,347 (2022). A two-bedroom unit at the Small Area FMR costs $12,840 a year, or 17% of that income.