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St Louis Real Estate Search

Missouri Ranks 5th Lowest In the Nation In Terms of Average House Payment

Saint Louis Realtor, Dennis Normanst-louis-real-estate-realtor-dennis-normanLending Tree came out with an interesting report that ranked housing affordability in the fifty states in terms of average house payment, and while I expected Missouri to fare well, I didn’t realize Missouri would actually come in with the 5th lowest average payment in the U.S.!   Talk about affordability!  As the map below shows, the highest average payment in the nation is in the Washington D.C. area coming in at $1,641.67 per month and representing 31% of the homeowners household income and Nebraska has the lowest payment at $742 (only slightly below Missouri’s $745) and that represents only 17% of the homeowners household income.

average-home-mortgage-payments-in-us-by-state

Source: LendingTree.com

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