• Market Overview

Metro population:

2.8 M

Median Home Income:

$ 59,780

Unemployment rate:

$ 59,780

Median House Price:

$ 127,000

Median monthly rent:

$ 1,185

Home to over 2.8 million people, the St. Louis metro area is the 21st largest metro in the country. It's also one of the most stable and affordable real estate markets today where investors can buy single family homes for as little as $ 120,000 and rent them for just under 1% of the purchase price.

Why invest here?

St. Louis is popular with real estate investors because of its stable economy, growing technology hub, large metro population, and most importantly, it's affordable housing market. While the average home price in the St. Louis area is still below $ 200,000, there are many pockets of the metro area (B / B neighborhoods) with even more affordable entry points ($ 120K- $ 130K) with monthly rent averaging $ 1,100- $ 1,200. Another positive factor for investors is that renters make up 32% of the market, which is slated to increase only as young educated millennials continue to migrate to St. Louis for its affordable housing market.

St. Louis Trends & Statistics 2018-2019

In this section, you will learn about the top factors that make St. Louis a strong real estate market, including: affordability, cash flow, and equity growth potential. Explore St. Louis' housing market, population, and employment trends in the tabs to learn more.

St. Louis real estate values ​​are more affordable than many other US cities today.

  • The median price of the average three bedroom home in St. Louis is $ 176,000. This is 12% less than the median value nationwide.
  • In the neighborhoods where Real Wealth Network members invest, the median purchase price is just under $ 127,000, which is 37% lower than the national average of $ 200,000.
  • This shows us that Louis real estate is more affordable than many cities across the nation, especially in the neighborhoods where Real Wealth Network members are investing.

In some St. Louis neighborhoods, it is possible to generate stronger monthly income than the national average.

  • The median monthly rent of an average three bedroom home in the US is $ 1,430, which is just under 0.72% of the median purchase price of $ 200,000.
  • The median monthly rent of the average three bedroom home in St. Louis is $ 1,269, which is exactly 0.72% of the median purchase price of $ 176,000.
  • In the neighborhoods where Real Wealth Network members invest, the median monthly rent of REAL Income Properties is $ 1,185. This is 0.93% of the median purchase price of $ 126,860.
  • This shows us that there is an opportunity to generate passive monthly cash flow in St. Louis has a higher rent-to-purchase ratio than the national average.
  • Another fun fact: Two year leases are also relatively common in the St. Louis area!

St. Louis home values ​​have been appreciating at a steady rate over the last five years.

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  • Between January 2012 and January 2018, the average three bedroom single family home in the St. Louis appreciated in value by 27%.
  • During the same period, the median rental price for three bedroom single family homes rose by 34% nationwide.

St. Louis rents have been rising at a steady rate over the last six years.

  • During the same six year period, the median monthly rent for three bedroom homes in St. Louis increased by 9%. Nationally, the median monthly rent for three bedroom homes increased by 17% during this time.
  • Although St. Louis home values ​​and rents have risen more slowly than the rest of the country, it is important to note that they have both been rising at a steady rate for the last seven years.
  • This is significant because it confirms that the Louis market is stable and investing here offers long term appreciation and income potential.

sources: Zillow Home Value Index, RWN Affiliate Inventory and Sales Data

St. Louis' population has been growing slowly, yet steadily, over the last six years.

  • Between July 2010 and July 2017, the St. Louis MSA population grew by 0.63%. Although this growth is significantly slower than the national average of 5.29%, the population is still growing.
  • It's also important to note that this metro area is becoming more and more popular, especially among recent college grads, who are the more likely to rent over purchasing their own home.
  • In fact, St. Louis was named the 3rd best city in the United States for recent college degrees (ZipRecruiter) because of its affordable rental prices (Average: $ 1,185 per month), short commute times (average: 23.9 minutes), and higher than average median salary for recent graduates (Average: $ 47,000).

sources: Census.gov

St. Louis created 9,900 new jobs last year.

  • Between June 2017 and 2018, the St. Louis MSA added 9,900 new jobs - an annual growth rate of 0.72%. During the same 12-month period, over 2.4M jobs were created nationwide with annual growth of 1.64%.
  • Although St. Louis' job growth was slower than the national average during this 12 month period, it's important to note that jobs have been created AND as you can see in the population growth graph above, people have been moving to the area to claim them. In other words, slow growth is still growth.
  • For investors looking to buy income property in a stable, steadily growing market (with promising signs of future growth - Cortex Innovation Community!), St. Louis is an area to consider.

sources: Department of Numbers

St. Louis is Affordable

  • St. Louis real estate is more affordable than many cities across the nation, especially in the neighborhoods where Real Wealth Network members are investing.
  • In the neighborhoods where Real Wealth Network members invest, the median purchase price is just under $ 127,000, which is 37% lower than the national average of $ 200,000.

St. Louis Offers Cash Flow Opportunities

  • There is an opportunity to generate passive monthly cash flow in St. Louis has a higher rent-to-purchase ratio than the national average.
  • In the neighborhoods where Real Wealth Network members invest, the median monthly rent of REAL Income Properties is $ 1,185. This is 0.93% of the median purchase price of $ 126,860.

St. Louis Home Values ​​& Rents are Rising

  • The St. Louis market is stable and investing here offers long term appreciation and income potential.
  • Between January 2012 and January 2018, the average three bedroom single family home in St. Louis appreciated in value by 27%.

St. Louis is Growing Steadily

  • Although St. Louis' job growth was slower than the national average during the last 12 months, it's important to note that jobs have been created AND people have been moving to the area to claim them. In other words, slow growth is still growth.
  • For investors looking to buy income property in a stable, steadily growing market (with promising signs of future growth), St. Louis is an area to consider.
  • Between July 2010 and July 2016, the St. Louis MSA population grew by 0.63%. Although this growth is significantly slower than the national average of 5.29%, the population is still growing.
    Between June 2017 and 2018, the St. Louis MSA added 9,900 new jobs - an annual growth rate of 0.72%. During the same 12-month period, over 2.4M jobs were created nationwide - an annual growth of 1.64%.
  • Major Employers
  • News
  • #3 Best Market for Recent College Grads - ZipRecruiter
  • "St. Louis has quietly evolved into one of the high-tech hubs of the Midwest." - CNN
  • #19 Best Place To Buy Rental Property In The Winter (When It's Cheaper) - Business Insider
  • Learning Resources
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Best known for its annual balloon fiesta and as part of the AMC show Breaking Bad, Albuquerque, New Mexico, is a culturally rich and naturally beautiful metropolitan area. Albuquerque is also one of the largest cities in the Southwest, with a diverse population and some of the country's leading high-tech research establishments, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an essential part of daily life in the city. With one foot in the past, one foot in the present and both eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call it home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)

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Lior Lustig

Lior Lustig Chief Executive - The Realestate Investor Forum

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.

The Real Estate Investor Forum, LLC is an educational company and is not acting as a real estate broker. Always seek the services of licensed third party appraisers and inspectors to verify the value and condition of any property you intend to purchase. Never send funds directly to a seller but instead use the services of professional title and escrow companies.

 

 

Check in with The Real Estate Investor Forum before purchasing property to verify that affiliates and markets have not changed in quality or performance. The Real Estate Investor Forum does not provide legal, tax, accounting, or other professional advice. Nothing on this website email is intended to form a contract or binding legal commitment. ©2019 ForumRealEstateUSA.com - All rights reserved

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