St Louis Home Prices and Rental Increasing Faster Than Wages

By Dennis Norman, on January 19th, 2023

A report just released by ATTOM data shows that St Louis home prices are rising at a rate significantly higher than the rate wages in St Louis are rising and St Louis rental rates are increasing at rates higher than home prices.  As the chart below shows, during the past year, wages in the St Louis metro area increased 3.8% however, home prices in St Louis increased 7.9% and rental rates increased 11.2%.

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St Louis MSA – Housing Affordability

Data source:  ATTOM Data – Copyright 2023 – all rights reserved, Guerrilla Brokers LLC

 

 

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