St. Louis Has 4th Highest Homeownership Rate of Major Metros in U.S.

Saint Louis Realtor, Dennis Normanst-louis-real-estate-realtor-dennis-normanAlmost 3 of every 4 housing units (73.8 percent) in St. Louis is occupied by a homeowner making St. Louis 4th in terms of homeownership of the 75 largest major metropolitan areas in the U.S.  In spite of the real estate market meltdown that began back in 2007, homeownership in St. Louis has remained fairly steady falling just one-half of one percent since 4th quarter 2006 when the rate was 74.3 percent.  Homeownership rates in St. Louis are 3 percent higher than those for the state of Missouri which, for the 4th quarter of 2012, was at 70.8 percent.  On a national level, the homeownership rate in 4th quarter of 2012 was 65.4 percent which is down from 68.9 percent in the 4th quarter of 2006.homeownership-rates-top-metros-us

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