Real Estate Prices and Overview
Market St / Saint Louis Union Station median real estate prices are $178,385, which is more expensive than 85.1% of the neighborhoods
in Missouri and 55.7% of the
neighborhoods in the U.S.
Average rental prices in Market St / Saint Louis Union Station are currently
$834, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.0%
of the neighborhoods in Missouri.
Market St / Saint Louis Union Station is an urban neighborhood (based on population
density) located in St. Louis, Missouri.
Market St / Saint Louis Union Station real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes.
Most of the residential real estate is renter occupied. Many of
the residences in the Market St / Saint Louis Union Station neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in
Market St / Saint Louis Union Station. The current real estate vacancy rate here is 43.9%.
This is higher than the rate of vacancies in 97.9% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Market St / Saint Louis Union Station neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
Market St / Saint Louis Union Station community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the Market St / Saint Louis Union Station
neighborhood is that it has a greater concentration of residents who live
alone than most all neighborhoods in America. With 53.3% of the
households here made up of people living alone, NeighborhoodScout's research
reveals that this is a larger proportion of people living alone than in
98.4% of the neighborhoods in America.
Notable & Unique: Migration/Stability
Do you like to be surrounded by people from all over the country or world,
with different perspectives and life experiences? Or do you instead prefer
to be in a neighborhood where most residents have lived there for a long
time, creating a sense of cohesiveness? NeighborhoodScout's analysis
reveals that this neighborhood stands out among American neighborhoods
for the uniqueness of the mobility of its residents.
In the Market St / Saint Louis Union Station neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 98.4% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.
Notable & Unique: Diversity
Significantly, 1.5% of its residents five years old and above primarily
speak Hindi, which is the official language of India at home. While this may seem like a small percentage, it is higher
than 96.0% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
In the Market St / Saint Louis Union Station neighborhood, walking to work is a real
option for many. In fact, NeighborhoodScout's exclusive research reveals
walking to and from work is the chosen way to commute for 13.2%
of residents here. This is a higher proportion of walking commuters than
we found in 95.6% of American neighborhoods. Get ready
to put on your walking shoes if you move here!
Notable & Unique: Real Estate
In addition, the real estate in the Market St / Saint Louis Union Station neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 98.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.8% of American neighborhoods.
Furthermore, the Market St / Saint Louis Union Station neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 98.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Also of note, despite all of the residential real estate here in the Market St / Saint Louis Union Station neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 43.9%, which is higher than 97.9% of all U.S. neighborhoods.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Market St / Saint Louis Union Station neighborhood in St. Louis are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 51.1% of the neighborhoods in America.
In addition, 0.0% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 99.9%
of America's neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Market St / Saint Louis Union Station neighborhood, 57.3%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.1% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(8.4%), and 6.3% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Market St / Saint Louis Union Station neighborhood in St. Louis, MO, residents
most commonly identify their ethnicity or ancestry as German
(17.6%). There are also a number of people of Irish ancestry (5.7%) , and residents who report Italian roots (5.1%) , and some of the residents are also of English ancestry (4.9%) , along with some Asian ancestry residents (4.4%), among others.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Market St / Saint Louis Union Station
neighborhood is English, spoken by 89.7% of households. Other important languages spoken here include Spanish and South Asian languages.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Market St / Saint Louis Union Station neighborhood spend
under 15 minutes commuting one-way to work (43.7% of working
residents), one of the shortest commutes across America.
Here most residents (73.5%) drive alone in a private automobile to get to work.
In addition, quite a number also hop out the door and walk to work to get to work (13.2%) and 6.6% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.