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 $265,691, lower than the St. Louis average of $271,550.

The average cost of rent is $1,183/mo in Tower Grove East, primarily driven by the current value of real estate in the Tower Grove East area. In Tower Grove East, 42.88% of households rent, and 20.24% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tower Grove East is $7,750 per month. Households that rent pay about 15.26% of their income on rent here. Tower Grove East’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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