St. Louis, MI is an attractive place to live due to its relatively low median housing value of $152,600 compared to the US House Median Value of $338,100. Despite this lower median value, St. Louis has experienced healthy appreciation in its housing market over the past year at 8.98%, slightly above the national average of 8.27%. This makes St. Louis a great option for those looking to invest in property and take advantage of its strong appreciation rates while still getting a good deal on their investment.
The median home cost in St. Louis is $152,600. Home appreciation the last 10 years has been 96.0%. Home Appreciation in St. Louis is up 12.2%.
Average Age of Homes
- The median age of St. Louis real estate is 58 years old
The Rental Market in St. Louis
- Renters make up 32.8% of the St. Louis population
- 2.5% of houses and apartments in St. Louis, 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.