St. Louis appreciation rates and housing market information

St. Louis housing market information

With 348,189 people, 176,354 houses or apartments, and a median cost of homes of $111,253, house prices in St. Louis are solidly below the national average.

single-family detached homes are the single most common housing type in St. Louis, accounting for 40.31% of the city's housing units. Other types of housing that are prevalent in St. Louis include duplexes, homes converted to apartments, or other small apartment buildings (35.02%), large apartment complexes or high rise apartments (21.18%), and a few row houses and other attached homes (3.34%).

People in St. Louis primarily live in small (one, two, or no bedroom) single-family detached homes. St. Louis has a mixture of owner-occupied and renter-occupied housing.

The housing in St. Louis was primarily built before 1939 (48.50%), making the housing stock in St. Louis some of the older overall in America, although there is a range of ages of homes in St. Louis. The next most important St. Louis housing age is 1940-1969 (40.93%), followed by 1970-1994 (9.34%). There's also some housing in St. Louis built between 1995 and later (1.23%).

Vacant housing appears to be an issue in St. Louis. Fully 16.60% of the housing stock is classified as vacant. Left unchecked, vacant St. Louis homes and apartments can be a drag on the real estate market, holding St. Louis real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

St. Louis home appreciation rates

St. Louis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Louis during the period has been just 4.99%, which is lower than % of US communities.

Over the last year, St. Louis appreciation rates have trailed the rest of the nation. In the last twelve months, St. Louis's appreciation rate has been -2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Louis were at -0.26%, which equates to an annual appreciation rate of -1.04%.

Relative to Missouri, our data show that St. Louis's latest annual appreciation rate is higher than 6% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within St. Louis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Louis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best St. Louis real estate investment or home purchase decisions.