Homeownership Rate In St Louis During 1st Quarter of 2017 Drops To Lowest Level In Years

By Dennis Norman, on May 5th, 2017

The homeownership rate for the St Louis MSA during the 1st quarter of 2017 was 61.6% according to recently released data from the U.S. Census Bureau.   As our table below shows, the current homeownership rate for St Louis is at the lowest level in our records.  On the table I also compute a rolling 12 month average which helps smooth out seasonal variations in the data and it shows an average homeownership rate of 64.8% over the past 12 months, down from 68.8% for the prior 12-month period and, like the percentage for the quarter, the lowest level in our records.

This is not gloom and doom news for the real estate market.  It may just be indicative of a change in lifestyle today versus the past with a smaller percentage of the population being married to the idea of homeownership and more receptive to being a tenant.  As the second table below illustrates the total of occupied housing units in the midwest region of the US has only grown from about 25,500 units 10 years ago to 26,500 units now, an  increase of just 3.9%.  However, during that period, the total number of rental units increased 21% while the total number of owner occupied units declined 2% clearly marking a shift from home ownership to rental but a segment of the population.

(We work hard on this and sure would appreciate a “Like”)[iframe http://www.facebook.com/plugins/like.php?href=https%3A%2F%2Fwww.facebook.com%2FStLouisRealEstateNews&send=false&layout=standard&width=50&show_faces=false&font&colorscheme=light&action=like&height=35&appId=537283152977556 100 35 ]

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend
Find The Value Of Your Home In Under A Minute!

St Louis MSA Homeownership Rate – 2005 – 2017

Copyright 2017 – MORE, REALTORS – All Rights Reserved

Midwest Region Occupied Housing Units 2005-2017 

  Copyright 2017 – MORE, REALTORS – All Rights Reserved

Please leave this field empty

Don’t miss these posts!

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Please leave this field empty

Don’t miss info like this!

We don’t spam! Read more in our Privacy Policy

Check your inbox or spam folder to confirm your subscription.

Comments are closed.

The owner and authors this site are providing the information on this web site for general informational purposes only and make no representations, warranties (expressed or implied) or guarantees of any kind whatsoever, as to the accuracy or completeness of any information on this site or of any information found by following any link on this site. Furthermore, the owner and authors of this site will not be liable in any manner whatsoever for any errors or omissions in information on this site, nor for the availability of this information. Additionally the owner and authors of this site will not be liable for for any losses, injuries or damages in any way from the display or use of this information or as the result of following external links displayed on this site, or by responding to advertisements displayed, or contained, on this site In using this site, users acknowledge and agree that the information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer.
All of the information on this site is provided as is, with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
This site contains external links to other sites not owned or controlled by the owner of this site, therefore the owner of this site does not control or guarantee in any manner the accuracy or relevancy of any information obtained through following such links. Links contained on this site are for users convenience and users should exercise extreme caution when following links. Including a link on this site does not constitute an endorsement of the site linked to or any views or opinions expressed on the site, products or services offered on outside sites or the companies or organizations that own and operate outside sites.
This site may accept payment for advertising, for displaying advertisements, through affiliate relationships with companies or may receive referral fees or commissions from companies as a result of recommending or referring people to a website. This site may also accept free product samples, free services, gift cards or cash to review a product or service. All paid and sponsored content may not always be identified as such. Any product claim, quote or other representation about a product or service should be verified with the manufacturer or provider.