Known as the "Gateway to the West," St. Louis is a vibrant, thriving American city that was once the starting point for pioneers during the years of America's western expansion. Today, the city skyline is highlighted by the famous Gateway Arch, a curving edifice that seems to soar clear into the sky and is a favorite landmark destination for tourists. The home of several of America's most iconic companies, including the Anheuser Busch brewery and the Ralston Purina company, St. Louis also boasts a large number of genteel residential neighborhoods, many of which are included in the National Historic Register. In recent years, the city has focused its efforts on urban revitalization, with successful major renovations of the downtown and midtown areas, as well as several of its neighboring suburbs.
St. Louis, MO is a great place for affordable rent-to-own homes! With a median household income of over $45,782 and a median rent of $840, the St. Louis, MO rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in St. Louis, MO. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
St. Louis, MO is seeing rapid growth and St. Louis, MO's' housing market remains optimal with an average home price that is -34% below the 2022 national average. St. Louis, MO is part of St. Louis county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county St. Louis is 1.25% which is above the national average, which is 0.99%.
St. Louis, MO has a walk score of
St. Louis, MO has a bike score of
The state tax rate is 1.5 to 5.3% on top of the federal tax rate of 10 to 37%.