St. Louis, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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St. Louis, MI Real Estate Data


St. Louis Housing Market Information

With 7,255 people, 1,475 houses or apartments, and a median cost of homes of $86,316, house prices in St. Louis are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in St. Louis, accounting for 59.06% of the city's housing units. Other types of housing that are prevalent in St. Louis include large apartment complexes or high rise apartments ( 12.72%), mobile homes or trailers ( 11.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.35%).

St. Louis is dominated by renter-occupied one, two, or no bedrooms apartments. 68.42% of St. Louis's dwellings are rentals.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. St. Louis's housing was primarily built during this period, from the '40s through the '60s. A full 32.74% of the city's housing hails from this era. Other housing ages represented in St. Louis include homes built before 1939 ( 29.53%) and housing constructed between 1970-1999 ( 29.23%). There's also some housing in St. Louis built between 2000 and later ( 8.50%).

Vacant housing appears to be an issue in St. Louis. Fully 12.36% 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

Real estate appreciation rates in St. Louis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.49% during the period.

NeighborhoodScout's data show that during the latest twelve months, St. Louis's appreciation rate, at 4.58%, has been at or slightly above the national average. In the latest quarter, St. Louis's appreciation rate has been 1.43%, which annualizes to a rate of 5.84%.

Relative to Michigan, our data show that St. Louis's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$86,316

St. Louis, MI HOME PRICES

Value Range
> $1,164,000 0.0
$873,001 - $1,164,000 0.0
$582,001 - $873,000 0.0
$466,001 - $582,000 0.3
$349,001 - $466,000 0.2
$233,001 - $349,000 2.9
$116,001 - $233,000 23.6
$58,001 - $116,000 45.0
$0 - $58,000 28.0

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
87.5973531650758 90.7051282051282

Number Of Homes And Apartments:
1,475

Rent & Ownership

 

Average Market Rent:
$816 / per month

Homeownership Rate

Homeownership
Owners 31.58
Renters 68.42
Vacant 12.36

Housing Market Details

 

Age of Homes

AGE OF St. Louis HOMES
2000 or Newer 8.5
1970 - 1999 29.2
1940 - 1969 32.7
1939 or Older 29.5

Types of Homes

TYPE OF St. Louis HOMES
Single-Family 59.1
Townhomes 5.0
Small Apt. Buildings 11.3
Apt. Complexes 12.7
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF St. Louis HOMES
No Bedroom 0.42
1 Bedroom 9.57
2 Bedrooms 39.99
3 Bedrooms 36.78
4 Bedrooms 12.00
5 or more bedrooms 1.25

St. Louis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
9.56% 0.54% 6 1
* 10 is highest

Popular Neighborhoods in St. Louis

Zip Codes in St. Louis, MI