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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 300,576, 141,952 total housing units (homes and apartments), and a median house value of $156,726, 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 43.00% 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 ( 29.29%), large apartment complexes or high rise apartments ( 24.31%), and a few row houses and other attached homes ( 3.05%).

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 ( 57.70%), 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 ( 25.20%), followed by between 1970-1999 ( 10.90%). There's also some housing in St. Louis built between 2000 and later ( 6.20%).

Vacant housing appears to be an issue in St. Louis. Fully 19.68% 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 3.04% during the period.

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 8.11%, 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 2.19%, which equates to an annual appreciation rate of 9.05%.

Relative to Missouri, our data show that St. Louis's latest annual appreciation rate is lower than 60% 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:
$156,726

St. Louis, MO HOME PRICES

> $1,200,000
0.6%
0.6%
$900,001 - $1,200,000
0.7%
0.7%
$600,001 - $900,000
2.1%
2.1%
$480,001 - $600,000
2.9%
2.9%
$360,001 - $480,000
6.5%
6.5%
$240,001 - $360,000
12.4%
12.4%
$120,001 - $240,000
33.9%
33.9%
$60,001 - $120,000
24.4%
24.4%
$0 - $60,000
16.4%
16.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for MO

Value Relative To Nation

Number Of Homes And Apartments:
141,952

St. Louis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
82.23% 2.83%
8
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,068 / per month

Homeownership Rate

Owners
42.2%
42.2%
Renters
57.8%
57.8%
Vacant
19.7%
19.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.2%
6.2%
1970 - 1999
10.9%
10.9%
1940 - 1969
25.2%
25.2%
1939 or Older
57.7%
57.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.0%
43.0%
Townhomes
3.1%
3.1%
Small Apt. Buildings
29.3%
29.3%
Apt. Complexes
24.3%
24.3%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.1%
4.1%
1 Bedroom
28.0%
28.0%
2 Bedrooms
36.4%
36.4%
3 Bedrooms
20.7%
20.7%
4 Bedrooms
7.9%
7.9%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES