For homebuyers in St. Louis, this is exciting news. While inflation and rising costs are still on the minds of many, the fact that the metro area remains such an affordable place to own a home offers a significant advantage. Sellers can also benefit from this, as affordability attracts a steady stream of buyers, even as national economic trends push homeownership further out of reach in many other markets.
St. Louis ranked third globally with a median multiple of 3.4, making it more affordable than cities like Cleveland, Rochester, and even some international hubs. This affordability keeps the local market accessible for a wide range of buyers, from first-time homeowners to seasoned investors.
The report serves as a reminder that, despite the financial challenges many are facing, St. Louis continues to offer some of the best housing deals in the world.
35 Most Affordable Housing Markets In The World
(click on table below for complete report)
Source: Center for Demographics and Policy, Chapman University.
Comments are closed.
