Saint Louis, MO Homes For Sale

Saint Louis, MO, Homes for Sale

St. Louis is the second-largest city in Missouri and is home to the Art Museum, the History Museum, and the Saint Louis Zoo, all of which are free to the 2.85 million people living there (worldpopulationreview.com). St. Louis is one of the most affordable cities in the country with a lot of potential for homebuyers, investors, and home renters.

When searching for your next home, either to rent or for purchase, HomeFinder can help you find a home perfectly suited to your needs and budget. HomeFinder also aids sellers by getting their listings out to potential buyers and renters. With thousands of new listings every day, there is something for everyone on HomeFinder.

Saint Louis, MO Real Estate Trends: Top Insider Tips

St. Louis has a lot of housing options for potential homebuyers with median home prices starting at $118,800, which has gone up by 4.7% over the previous year and expected to increase by 8.8% in 2020 (noradarealestate.com).

What is driving the appreciation of the St. Louis housing market? Firstly, nearly 60% of the residents are renting their homes in downtown St. Louis. U.S. News reports that 47% of the 13,000 St. Louis University students living off-campus. Secondly, St. Louis has a strong economy with an unemployment rate of 3.9% and a future job growth of 23.9% over the next ten years (bestplaces.net). In 2018, Glassdoor reported St. Louis as the second-best city for jobs with more than 75,000 job openings.

Affordability of Saint Louis Real Estate

The overall cost of living in St. Louis is about 6% lower than the national average. One of the biggest factors in the cost of living is housing. According to Payscale.com, housing expenses are 27% lower in St. Louis compared to the rest of the nation. The median home price in St. Louis starts at $115,700, which is 115,500 less than the national average. With renting in St. Louis, the average rent ranges from $634 for a studio to $1,428 for four bedrooms (bestplaces.net).

While you may save on housing expenses, you will end up paying more on other living expenses, since utilities and groceries being 15% and 5%, respectively, higher than the national average (payscales.com).

Neighborhoods Near Saint Louis, MO

Three of the best neighborhoods to consider when moving to St. Louis are Hi-Pointe, Wydown-Skinker, and Skinker-Debaliviere (niche.com).

Hi-Pointe is located in St. Louis' City County and is overall one of the most desirable places in the entire state of Missouri. The neighborhood is a mix of urban and suburban, giving residents plenty to do, but also some much-needed peace and quiet. The population of 2,100 is generally liberal young professionals who rent their homes. The median home value is $129,657, and the median rent is $874.

Wydown-Skinker is also located in City County. The population of 1,200 lives in an urban environment filled with plenty to do. The majority of those living here are young professionals and retirees, both of whom are liberally inclined. The median home value is $486,700, and the median rent is $1,147.

Skinker-Debaliviere is another draw for young professionals looking for a more urban vibe. About 6,100 people live here, and the split for who owns and who rents is relatively even. The median home value is $255,690, and the median rent is $1,073.