Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$273,164+3.3% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$59,216About 0.7× the local median income ($83,060): affordable for a typical household
Days on market51 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in St. Louis, MO-IL is worth $273,164, up 3.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $259,163, so the area is 5.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 51 days to sell, listings are up 21% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $59,216 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,060. Typical rent is $1,427 a month, or $1,689 for a house. In the latest IRS figures, 3,361 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$273,164
Change in 1 year
+3.3%
Overvalued %
+5.4%
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Fair home value
$259,163
Change in 5 years
+24.9%
Zillow forecast, next 12 months
+2.6%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,480
Income needed to afford it
$59,216
Property tax rate
1.20%
Rent and investing
Typical rent
$1,427
Typical rent for houses
$1,689
Price-to-rent ratio
16.0×
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HUD Fair Market Rent, 2 bedrooms
$1,341
Gross rental yield
6.27%
Cap rate (estimate)
4.07%
Market activity
Listings vs a year ago
+20.7%
Days on market
51
Listings with a price cut
20.9%
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Homes for sale
7,655
Pending sales per 100 listings
49
Asking price per sq ft
$163
People and jobs
Median household income
$83,060
Population change (1 year)
+0.1%
Unemployment rate
4.2%
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Population
2,814,421
Income adjusted for cost of living
$87,340
Net moves in (IRS)
−3,361
Cost of living (US = 100)
95.1
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
92.0
Unhealthy air days a year
5
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Flood risk score
91.8
Wildfire risk score
43.1
Walkability (1 to 20)
9.3
Road, rail and air noise
54 dB
Questions people ask
Is St. Louis, MO-IL overvalued?
Home prices in St. Louis, MO-IL are slightly above what local incomes have historically supported: fair value is about $259,163, so the area is 5.4% overvalued.
Is St. Louis, MO-IL a buyer's or seller's market?
St. Louis, MO-IL is a balanced market, leaning toward buyers: homes take about 51 days to sell, listings are up 21% from a year ago, 21% of listings have had a price cut.
Are home prices going down in St. Louis, MO-IL?
Home values in St. Louis, MO-IL are up 3.3% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in St. Louis, MO-IL?
A household needs about $59,216 a year to afford the typical home in St. Louis, MO-IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,060.