ZIP 62221 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 62221 in the St. Louis, MO-IL FMR area.

$1,080Efficiency
$1,1201 bedroom
$1,3702 bedrooms
$1,7603 bedrooms
$2,0304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,080$972$1,188$1,064
1 bedroom$1,120$1,008$1,232$1,104
2 bedrooms$1,370$1,233$1,507$1,349
3 bedrooms$1,760$1,584$1,936$1,731
4 bedrooms$2,030$1,827$2,233$1,997

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

Income in ZIP 62221

$75,642average adjusted gross income per tax return (2022)
$53,458average salaries and wages per return
14,120tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.3%
$25,000 to $50,00024.2%
$50,000 to $75,00014.5%
$75,000 to $100,00010.3%
$100,000 to $200,00019.5%
$200,000 or more5.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 62221?

HUD's FY2027 Small Area FMRs for ZIP 62221 (St. Louis, MO-IL) are $1,080 efficiency, $1,120 one bedroom, $1,370 two bedrooms, $1,760 three and $2,030 four bedrooms.

What payment standard can a housing authority set in ZIP 62221?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,233 to $1,507.

How affordable is rent in ZIP 62221?

Tax returns filed from ZIP 62221 reported an average adjusted gross income of $75,642 (2022). A two-bedroom unit at the Small Area FMR costs $16,440 a year, or 22% of that income.