Saint Louis Real Estate Investing 2018 – Trends and Forecast
As Saint Louis expands and invests in urban renewal projects, the city is becoming more and more of an attraction to home buyers and real estate investors alike. If you are a real estate investor in the Saint Louis area or want to expand to a different real estate market, now is the time to do it. As an real estate investment coach with more than 30 years of experience, Laura Alamery knows the Saint Louis real estate market and its trends. Here, we outline the overarching trends and forecasts of which real estate investors should be aware as they decide to invest in Saint Louis.
One of the most attractive parts of the Saint Louis real estate market is that the median listing price for homes hovers around $145,000, which is significantly below the $212,000 national median home price. Real estate investors can and should capitalize on Saint Louis’s period of profound growth combined with affordable property values. Zillow predicts that the median listing price for homes will rise by about 6 percent in the next year, which makes now a smarter time for real estate investment.
Another notable statistic when it comes to Saint Louis real estate involves the percentage of homes that are delinquent on mortgage. Compared to the 1.6 percent country average, Saint Louis has around 2.2 percent of homes that meet this criteria. This means that real estate investors will have a unique opportunity to capitalize on foreclosure properties. In our “10 Best Ways To Find Distressed Properties for Free” blog, we expand on the opportunity that delinquent status presents for real estate investors.
For those real estate investors who want to buy and lease a residential property, Saint Louis’s rent index has also risen nicely in the last few years. The average rent listing price in 2018 is $975, whereas average rent prices were around $820 just a few years ago. If you are considering real estate investment in Saint Louis, owning a rental property should have great return-on-investment. To learn more about real estate investment strategies, consider an online webinar or real estate investment course from an expert. This way, you will be equipped with the real estate investment strategies to make you successful from day one.
In terms of neighborhood dynamics, Saint Louis has seen its fair share of gentrification in the last five years. This has revitalized the economic and real estate scene, and has expanded the types of neighborhoods where you might want to invest. Consider Compton Heights, Central West End, and Shaw for neighborhoods with the highest median value. For neighborhoods that are still nice but a bit more affordable, look into Botanical Heights, the Gate District, and Forest Park Southeast.
If you live in Saint Louis and want to learn more about real estate investment opportunities, Laura Alamery will be giving a presentation on March 22. As an investor in Saint Louis since 1991 and an expert real estate investing coach, Laura Alamery knows the landscape and will give helpful tips on finding wholesale deals in Saint Louis. Register for this special live real estate investment presentation before tickets run out!