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St Charles County Residents Have Best Housing Affordability Threshold In St Louis Area

Nearly 80 percent (78.8%) of the homeowners with a mortgage in St Charles County spend less than 30% of their household income for gross monthly housing costs, according to the U.S. Census Bureau’s latest data.  As the table below shows, the 4-largest St Louis area counties are all within the green (good) level for housing affordability in all categories:  Homeowners with a mortgage, homeowners without a mortgage and renters.

Of the three categories, St Louis renters have the worst housing affordability threshold with a median of 46.3% of St Louis renters spending more then 30% of their household income on housing costs.  Conversely, a median of just 25.6% of St Louis homeowners with a mortgage, spend more than30% of their household income on housing costs.

Of the four counties reported on in the table below, residents of the city of St Louis fare the worst in all 3 categories in terms of their housing affordability threshold.

St Louis Area Housing Affordability ThresholdSt Louis Area Housing Affordability Threshold

Source: NACo Analysis of U.S. Census Bureau – American Community Survey (ACS) 5 year estimates, 2016

 

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