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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



St. Louis, MO Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

St. Louis, MO Housing Market Trends

With 286,578 people, 141,161 houses or apartments, and a median cost of homes of $215,597, 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 43.59% 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 ( 28.02%), large apartment complexes or high rise apartments ( 24.37%), and a few row houses and other attached homes ( 3.61%).

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 ( 58.20%), making the housing stock in St. Louis some of the oldest overall in America, although there is a range of ages of homes in St. Louis. The next most important housing age is between 1940-1969 ( 24.82%), followed by between 1970-1999 ( 10.53%). There's also some housing in St. Louis built between 2000 and later ( 6.45%).

Vacant housing appears to be an issue in St. Louis. Fully 18.79% 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 5.49% during the period.

NeighborhoodScout's data show that during the latest twelve months, St. Louis's appreciation rate, at 4.83%, has been at or slightly above the national average. In the latest quarter, St. Louis's appreciation rate has been 4.79%, which annualizes to a rate of 20.59%.

Importantly, this makes St. Louis one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Missouri, our data show that St. Louis's latest annual appreciation rate is lower than 80% 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 2000, to assist you in making the best St. Louis real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$215,597

St. Louis, MO Home Prices
> $1,375,000
$1,032,001 - $1,375,000
$688,001 - $1,032,000
$550,001 - $688,000
$413,001 - $550,000
$275,001 - $413,000
$138,001 - $275,000
$69,001 - $138,000
$0 - $69,000
0.8%
0.8%
0.9%
0.9%
2.6%
2.6%
3.6%
3.6%
8.1%
8.1%
16.7%
16.7%
33.2%
33.2%
20.5%
20.5%
13.6%
13.6%
0% 100.0%
% of Homes
Average

for Missouri

Average

for nation

Number of Homes And Apartments:

141,161

St. Louis Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,361 / per month

Homeownership Rate

Owners
Renters
Vacant
43.4%
43.4%
56.6%
56.6%
18.8%
18.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.4%
6.4%
10.5%
10.5%
24.8%
24.8%
58.2%
58.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
43.6%
43.6%
3.6%
3.6%
28.0%
28.0%
24.4%
24.4%
0.3%
0.3%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.4%
4.4%
27.5%
27.5%
36.0%
36.0%
21.1%
21.1%
8.3%
8.3%
2.7%
2.7%
0% 100.0%
% of Homes