The housing market in St. Louis, MO is doing fairly well and is right on par with the US housing market as a whole. The median value of houses in St. Louis is $155,100 which is significantly lower than the US median value of $338,100. Despite this difference, appreciation rates for both St. Louis and the US are staying consistent at 7.74% and 8.27%, respectively. This indicates that while prices may differ between the two markets, they are both experiencing similar levels of growth.
The median home cost in St. Louis is $155,100. Home appreciation the last 10 years has been 68.8%. Home Appreciation in St. Louis is up 11.4%.
Average Age of Homes
- The median age of St. Louis real estate is 78 years old
The Rental Market in St. Louis
- Renters make up 44.3% of the St. Louis population
- 3.8% 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.