St. Louis, MI


Highest Appreciating St. Louis Neighborhoods Since 2000

St. Louis, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

St. Louis Housing Market Information

With a population of 7,255, 1,310 total housing units (homes and apartments), and a median house value of $95,229, 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 65.43% of the city's housing units. Other types of housing that are prevalent in St. Louis include large apartment complexes or high rise apartments ( 10.44%), mobile homes or trailers ( 10.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.98%).

Renters dominate St. Louis's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 33.58% of the city's housing hails from this era. Other housing ages represented in St. Louis include homes built before 1939 ( 33.25%) and housing constructed between 1970-1999 ( 27.36%). There's also some housing in St. Louis built between 2000 and later ( 5.82%).

Vacant housing appears to be an issue in St. Louis. Fully 13.42% 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 -0.33% during the period.

Appreciation rates are so strong in St. Louis that despite a nationwide downturn in the housing market, St. Louis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Louis appreciation rates continue to be some of the highest in America, at 9.05%, which is higher than appreciation rates in 90.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Louis. St. Louis appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that St. Louis's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values


Median Home Value:


Value Range
> $1,182,000 0.1
$886,001 - $1,182,000 0.0
$591,001 - $886,000 0.0
$473,001 - $591,000 0.3
$355,001 - $473,000 0.1
$236,001 - $355,000 2.3
$118,001 - $236,000 26.6
$59,001 - $118,000 44.2
$0 - $59,000 26.3

Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
80.6398687448728 80.1282051282051

Number Of Homes And Apartments:

St. Louis Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
11.91% 0.65% 6 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$768 / per month

Homeownership Rate

Owners 28.72
Renters 71.28
Vacant 13.42

Housing Market Details


Age of Homes

2000 or Newer 5.8
1970 - 1999 27.4
1940 - 1969 33.6
1939 or Older 33.2

Types of Homes

Single-Family 65.4
Townhomes 4.0
Small Apt. Buildings 10.0
Apt. Complexes 10.4
Mobile Homes 10.1
Other 0.0

Home Size

No Bedroom 0.53
1 Bedroom 6.87
2 Bedrooms 40.78
3 Bedrooms 37.87
4 Bedrooms 12.62
5 or more bedrooms 1.32

Popular Neighborhoods in St. Louis

Zip Codes in St. Louis, MI