Homeownership Rate In St Louis Increases In Third Quarter; Still Near Record Low

By Dennis Norman, on October 28th, 2016

The homeownership rate in the St Louis MSA rose to 67.2 percent in the 3rd quarter of 2016, up from 66.2 percent during the prior quarter but still not far from the 4th quarter 2015 rate of 65.2 percent, the lowest homeownership rate in well over a decade.  As the table below shows, which is based upon data from the U.S. Census Bureau, the St Louis homeownership rate peaked this year at 67.9 percent during the first quarter.  I believe the best way to see the trend in this data is to look at the 12 month rolling average, so we the seasonality of the data does not affect it.  As the table below illustrates, the current 12-month rolling average of the St Louis homeownership rate is at 66.6%, the lowest rate in well over a decade.

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