Housing Market Report Card Gives 28 St Louis Neighborhood An “A” and 16 An “F”

In a neighborhood housing market report card just released by ATTOM Data Solutions, 10,950 neighborhoods across the nation were given a grade ranging from an A to an F.  The neighborhood grades were based upon six factors related to the housing market: housing affordability, home price appreciation, public school scores, crime rates, unemployment rates and property taxes.

In all, 82 neighborhoods in the St Louis metro area received a grade with 28 of them receiving an A, 17 a B, 13 a C, 8 a D and 16 received an F.  The list below shows the top 10 St Louis neighborhoods on the list (you can click on it for the complete St Louis list).  As the list shows, the neighorhood of “Riverwood” in the 63031 zip code area of Florissant was ranked at the top of the list for St Louis, coming in at 41 nationally.  

St Louis Neighborhood Report Card – Top 10

(click on list for complete list showing atll 82 St Louis Metro Neighborhoods That Received a Grade)St Louis Neighborhood Report Card - Top 10

Better To Buy Than Rent In Over Half St Louis Neighborhoods

St Louis NeighborhoodsIn over half (58 percent) of St Louis neighborhoods it is a better move financially to buy a home rather than rent a home, according to a report just released by Zillow.  According to the report, in 49 neighborhoods in the city of St Louis (of 76 in the report) and in 42 neighborhoods in the county of St Louis (of 87 in the report) it makes more sense to buy a home than rent.

In putting this list together, Zillow looked at the costs associated with buying and leasing a home, including up front payments, fees as well as payments and other costs.  Normal appreciation and rent increases were factored in as well and then a break-even point of 3 years set with areas where the additional cost of buying a home is recouped in 3 years or under being considered a neighborhood where it makes more financial sense to buy than rent.  On a national level, 64 percent of the metro areas were more buyer friendly than renter friendly.

The table below shows all the St Louis neighborhoods  covered by the report as well as the time (in years) that it would take to “break-even” in terms of buying a home versus renting a home.

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