ZIP 62230 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 62230 in the St. Louis, MO-IL FMR area.

$840Efficiency
$8801 bedroom
$1,0702 bedrooms
$1,3703 bedrooms
$1,5804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$840$756$924$1,064
1 bedroom$880$792$968$1,104
2 bedrooms$1,070$963$1,177$1,349
3 bedrooms$1,370$1,233$1,507$1,731
4 bedrooms$1,580$1,422$1,738$1,997

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

Income in ZIP 62230

$84,644average adjusted gross income per tax return (2022)
$57,570average salaries and wages per return
3,280tax returns filed
15%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00022.3%
$25,000 to $50,00018.9%
$50,000 to $75,00016.5%
$75,000 to $100,00011.6%
$100,000 to $200,00023.8%
$200,000 or more7.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 62230?

HUD's FY2027 Small Area FMRs for ZIP 62230 (St. Louis, MO-IL) are $840 efficiency, $880 one bedroom, $1,070 two bedrooms, $1,370 three and $1,580 four bedrooms.

What payment standard can a housing authority set in ZIP 62230?

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 62230?

Tax returns filed from ZIP 62230 reported an average adjusted gross income of $84,644 (2022). A two-bedroom unit at the Small Area FMR costs $12,840 a year, or 15% of that income.