St Louis Rents Rose While Home Prices Declined Post Boom

St Louis rents have risen 18% since the real estate bubble burst (based upon HUD fair market rents for 3 bedrooms) while median home prices have fallen 12% during the same period.  Part of the reason behind has been the increased demand for rentals as a result of many homeowners who, after the real estate bubble burst, lost their homes in foreclosure or were forced to do a short sale and then had to seek a rental while they rebuild their credit.  This, couple with almost no new apartment construction for several years has created the right environment for increasing rents.

St Louis Rents

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St. Louis MSA Median Home Prices – 2008-2014

St Louis MSA Median Home Prices 2008-2014



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