ZIP 63088 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 63088 in the St. Louis, MO-IL FMR area.

$1,260Efficiency
$1,3101 bedroom
$1,6002 bedrooms
$2,0503 bedrooms
$2,3704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,260$1,134$1,386$1,064
1 bedroom$1,310$1,179$1,441$1,104
2 bedrooms$1,600$1,440$1,760$1,349
3 bedrooms$2,050$1,845$2,255$1,731
4 bedrooms$2,370$2,133$2,607$1,997

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

Income in ZIP 63088

$72,818average adjusted gross income per tax return (2022)
$56,089average salaries and wages per return
4,210tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.9%
$25,000 to $50,00024.0%
$50,000 to $75,00019.0%
$75,000 to $100,00013.3%
$100,000 to $200,00018.8%
$200,000 or more4.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 63088?

HUD's FY2027 Small Area FMRs for ZIP 63088 (St. Louis, MO-IL) are $1,260 efficiency, $1,310 one bedroom, $1,600 two bedrooms, $2,050 three and $2,370 four bedrooms.

What payment standard can a housing authority set in ZIP 63088?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,440 to $1,760.

How affordable is rent in ZIP 63088?

Tax returns filed from ZIP 63088 reported an average adjusted gross income of $72,818 (2022). A two-bedroom unit at the Small Area FMR costs $19,200 a year, or 26% of that income.