The housing market in the St. Louis, MO Metro Area is thriving compared to the national average. The median value of homes in the area is $222,100, significantly lower than the US House Median Value of $338,100. However, despite this gap in prices, the 1-year house appreciation rate in St. Louis is higher than the national average at 11.59%, compared to 8.27% for the US as a whole. This suggests that home values in the St. Louis area are rising relatively quickly and that real estate here is a great investment opportunity.
The median home cost in St. Louis Metro Area is $222,100. Home appreciation the last 10 years has been 65.2%. Home Appreciation in St. Louis Metro Area is up 12.7%.
Average Age of Homes
- The median age of St. Louis Metro Area real estate is 46 years old
The Rental Market in St. Louis Metro Area
- Renters make up 27.0% of the St. Louis Metro Area population
- 1.7% of houses and apartments in St. Louis Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.