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These days, finding an affordable place to live in the St. Louis area can be challenging. Home prices in St. Louis are now at a median cost of $143,772, lower than the Michigan average of $250,415.
The average cost of rent is $851/mo in St. Louis, primarily driven by the current value of real estate in the St. Louis area. In St. Louis, 19.12% of households rent, and 47.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in St. Louis is $5,044 per month. Households that rent pay about 16.88% of their income on rent here. St. Louis’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alma, MI: equally priced homes
- North Star, MI: higher priced homes
- Breckenridge, MI: equally priced homes
- Elwell, MI: equally priced homes
- Wheeler, MI: equally priced homes
- Ithaca, MI: higher priced homes
- Shepherd, MI: higher priced homes
- Rathbone, MI: higher priced homes
- Strickland, MI: equally priced homes
- Riverdale, MI: less expensive homes
Cities with Similar Populations
- Bethel, OH: higher priced homes
- Bridgeport, WV: higher priced homes
- Brandenburg, KY: higher priced homes
- Box Elder, SD: higher priced homes
- Bonne Terre, MO: higher priced homes
- Bonifay, FL: equally priced homes
- Bluff City, TN: higher priced homes
- Blair, NE: higher priced homes
- Black Mountain, NC: higher priced homes
- Bishop, CA: higher priced homes
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