St Louis’ Millennial Population Shows a Shift From City To St Charles County

The millennial generation, people born from 1981 through 1994, is predicted to outnumber the baby boomer generation sometime in 2019.  Given the size of the generation, as well as the fact many are getting married and starting families, the real estate industry is very interested in these young people.  Much time is spent trying to figure out whether they want to buy or rent, whether they will consider the suburbs or just stick to urban areas, etc.

Therefore, it does not come as a surprise that more than a third of the residents in the city of St Louis are millennials, attracted, no doubt, by the city lifestyle, a sharp contrast from the suburban upbringing many of them had with their baby boomer parents.  However, the tides may be turning though.

As the table below shows, during 2017 the millennial population in the city of St Louis dropped by 1.4% while St Charles County grew by 1.0% and St Louis and Jefferson County by 0.3% each.  As of 2017, the city of St Louis had 105,900 millennials living there, while St Charles County had 103,500, but if the trend continues, the millennial population in St Charles County will surpass the city of St Louis soon.  Who knows?  Maybe the millennials are more like us baby boomers than we thought and will end up buying homes in suburbia?

St Louis Area Millennial Population and Population Change – 2017

St Louis Area Millennial Population and Population Change - 2017

Projected Population by Generation

Projected Population by Generation

St Charles County Most Expensive Homes For Sale – Slideshow

St Louis Association of REALTORS - Realtor of the year Dennis NormanSt Charles county’s most expensive homes for sale can be found from Augusta in the southern part of the county to Wentzville in the north, from Foristell to the city of St Charles and come in all shapes and sizes. The live, real-time, slide show below shows the variety of million dollar plus homes currently for sale in St Charles county.

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St Charles County Makes “Hidden Gem” List for Rental Property

Dennis Norman, St Charles County REALTOR

St. Charles county is a “hidden gem” for real estate investors wishing to buy rental property, according to  RealtyTrac’s newly published “List of Top 25 Hidden Gem Single Family Rental Markets“.  St. Charles County was the only Missouri county that made the list and it came in at 21 on the list with a gross yield on rental property of 9.4 percent.  The gross yield is determined by taking the annual median rent for a county and divide it by the median price of home in that county.  In the case of St Charles county, the median home price is $158,000 and the median rent is $1,232/month, or $14,784 for the year, resulting in a gross yield of 9.4%.  At the top of the list is Wichita County, Texas with a gross yield of 13.4%.  See the infographic below for all counties in the top 25 list.

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Continue reading “St Charles County Makes “Hidden Gem” List for Rental Property

St. Louis Real Estate – St. Charles County home price declines vs assessors property values; Update

Dennis Norman

Dennis Norman

Last week I did a post after reading an article on StlToday.com about the change in property values being made by St Louis area assessors from 2007 to 2009.   As I pointed out in my article I assumed the values shown by the assessors including ALL types of property and not just homes, however my analysis was based only upon the sale prices of homes.

Prior to doing the post I had requested just the residential data from the assessor’s office for the area counties but had not been able to obtain that data.  Subsequently I did receive the information from the St. Charles County assessor and am happy to say I can now do comparison between the assessors values and home prices that is more “apples to apples”. Continue reading “St. Louis Real Estate – St. Charles County home price declines vs assessors property values; Update