ZIP 62231 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 62231 in the St. Louis, MO-IL FMR area.

St. Louis, MO-IL

$990Efficiency
$1,0301 bedroom
$1,2602 bedrooms
$1,6203 bedrooms
$1,8704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$1,064
1 bedroom$1,030$927$1,133$1,104
2 bedrooms$1,260$1,134$1,386$1,349
3 bedrooms$1,620$1,458$1,782$1,731
4 bedrooms$1,870$1,683$2,057$1,997

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

Bond County, IL

$990Efficiency
$1,0301 bedroom
$1,2602 bedrooms
$1,6203 bedrooms
$1,8704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$682
1 bedroom$1,030$927$1,133$899
2 bedrooms$1,260$1,134$1,386$979
3 bedrooms$1,620$1,458$1,782$1,275
4 bedrooms$1,870$1,683$2,057$1,287

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

Income in ZIP 62231

$76,156average adjusted gross income per tax return (2022)
$44,828average salaries and wages per return
3,530tax returns filed
20%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.6%
$25,000 to $50,00021.8%
$50,000 to $75,00015.9%
$75,000 to $100,00011.3%
$100,000 to $200,00019.8%
$200,000 or more4.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 62231?

HUD's FY2027 Small Area FMRs for ZIP 62231 (St. Louis, MO-IL) are $990 efficiency, $1,030 one bedroom, $1,260 two bedrooms, $1,620 three and $1,870 four bedrooms.

What payment standard can a housing authority set in ZIP 62231?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,134 to $1,386.

How affordable is rent in ZIP 62231?

Tax returns filed from ZIP 62231 reported an average adjusted gross income of $76,156 (2022). A two-bedroom unit at the Small Area FMR costs $15,120 a year, or 20% of that income.