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A major port city in the state of Missouri, St. Louis is home to 319,294 people making it the second largest city in the state. The surrounding metro area it is a part of has nearly 3 million. St Louis’s economy is based in manufacturing, trade, and transportation and home to many major corporations including Ralcorp, Monsanto, and Sigma-Aldrich. The city has undergone extensive revitalization efforts at the turn of the century that continues today. St. Louis has a GMP (Gross Metropolitan Product) of 1.45 billion which is the 21st highest in the nation. It’s booming economy and lower than average cost of living are some of the reasons why it is a popular destination for investors interested in rent to own homes.
There are 79 distinctive neighborhoods in the city of St. Louis according to the local government. These include more affluent locations such as Compton Heights where the median home value is $313,100 and more affordable working class areas like Forest Park Southeast which has a median home value of $87,500. Across the board, the median home value in the city at large is still far lower than the national average. That figure is only $102,100 making the city of St. Louis a very approachable location to enter home ownership.
Do and See
St. Louis is a bastion of culture in the Midwest due to heavy immigration from around the country and from European countries including Ireland, Germany, and Italy. Music and the performing arts are heavily rooted in St. Louis; particularly when it comes to ragtime, blues, and jazz. The cuisine in the city is also quite well known with downtown being a center of shops and restaurants. Sports fans also have a lot to be excited about in St. Louis with the city being being home to several major professional franchises.