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



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St. Louis, MO 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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 311,404, 140,116 total housing units (homes and apartments), and a median house value of $146,403, 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 42.67% 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 ( 29.78%), large apartment complexes or high rise apartments ( 23.39%), and a few row houses and other attached homes ( 3.68%).

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 ( 56.01%), 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 ( 27.83%), followed by between 1970-1999 ( 10.72%). There's also some housing in St. Louis built between 2000 and later ( 5.44%).

Vacant housing appears to be an issue in St. Louis. Fully 20.18% 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 0.31% during the period.

NeighborhoodScout's data show that during the latest twelve months, St. Louis's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, St. Louis's appreciation rate has been 1.72%, which annualizes to a rate of 7.06%.

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:
$146,403

St. Louis, MO HOME PRICES

Value Range
> $1,165,000 0.6
$874,001 - $1,165,000 0.6
$583,001 - $874,000 1.8
$466,001 - $583,000 2.6
$350,001 - $466,000 4.4
$233,001 - $350,000 11.0
$117,001 - $233,000 33.7
$58,001 - $117,000 27.7
$0 - $58,000 17.7

Average for MO
Average for Nation

Value Relative to Nation Value Relative to State
56.2978102189781 41.2

Number Of Homes And Apartments:
140,116

St. Louis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
58.61% 2.52%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$984 / per month

Homeownership Rate

Homeownership
Owners 41.79
Renters 58.21
Vacant 20.18

Housing Market Details

 

Age of Homes

AGE OF St. Louis HOMES
2000 or Newer 5.4
1970 - 1999 10.7
1940 - 1969 27.8
1939 or Older 56.0

Types of Homes

TYPE OF St. Louis HOMES
Single-Family 42.7
Townhomes 3.7
Small Apt. Buildings 29.8
Apt. Complexes 23.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF St. Louis HOMES
No Bedroom 3.85
1 Bedroom 28.01
2 Bedrooms 37.07
3 Bedrooms 20.54
4 Bedrooms 7.72
5 or more bedrooms 2.82