The Most Affordable Neighborhoods in Tower Grove East, St. Louis, MO by Home Value

 

Tower Grove East, St. Louis, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Tower Grove East area can be challenging. Home prices in Tower Grove East are now at a median cost of $221,654, lower than the St. Louis average of $224,013.

The average cost of rent is $955/mo in Tower Grove East, primarily driven by the current value of real estate in the Tower Grove East area. While nearly 24.11% of residents own their homes outright in Tower Grove East, 49.28% rent.

Housing affordability isn’t just about home prices, though. The average household income in Tower Grove East is $5,761 per month. Households that rent pay about 16.58% of their income on rent here. Tower Grove East's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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