|Specialty||# of Agencies|
|Single House or Condo||8|
|Home Owners Association||5|
|Total Local Companies||14|
The average rent for a 3 bedroom house in Saint Louis, MO is $1,131.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Saint Louis, MO Rental Market Overview
Situated in the heart of the U.S. and one of the nation's oldest cities, St. Louis is home to hundreds of thousands of residents and steeped in history, including the Gateway Arch, the Delmar Loop and the early days of blues music.
Many citizens of St. Louis - a number of whom lease apartments - are drawn to the multitude of unique neighborhoods citywide. For instance, the Grand Center area has numerous galleries, museums and other artsy locales, while classic Victorian homes can be found in the the Lafayette Square neighborhood.
Sports is a way of life for many of the city's dwellers, as several pro teams - the NFL's Rams, NHL's Blues and MLB's Cardinals - represent St. Louis in their respective leagues.
Family-friendly attractions and features, including the St. Louis Zoo, Six Flags, the Magic House and the Laumeier Sculpture Park, provide parents and their kids plenty of options for fun.
Additionally, many businesses operate in Greater St. Louis, an area which has a number of companies in the healthcare and manufacturing industries, while the city's school system is substantial.
Numerous Property Management Firms to Choose From in St. Louis
The Greater St. Louis area has a population of roughly 2.5 million people. While the city has a considerable number of residents, the metro area has seen a spike in people moving there in recent years.
Since it is one of the country's largest metros, investors will find they have numerous choices when it comes to property management. Some of the top agencies in the U.S. work in and around St. Louis. These management companies specialize in dealing with tenant and property concerns, which can make life simpler for you.
St. Louis Rental Market at a Glance
|St. Louis Area||US|
|2012 Population||2.8 million||380 million|
|2010 Percentage of renters||37.60%||34.00%|
|2013 (1st Q) Rental vacancy rate||15.60%||8.40%|
|2013 Median house price||$131,000||$185,000|
|2013 Median Family income||$34,402||$51,400|
|2013 Median rent (3 bedroom)||$1,153||$1,350|
The St. Louis, Missouri metro area (population: 2,795,794) is currently at a three-year peak vacancy rate of 15.6% since 2010. The median rent is also at a three year peak and is $1,153 for 2013. The median family income is $34,402 and the median home price is $131,000.
Vacancy rates and population estimates taken from census.gov/housing
Rent data from HUD.gov
Median family income and price from CNNMoney.com
Percentage of renters reported by City-data.com
Finding St. Louis Property Management Companies
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
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