Real Estate Investing in Saint Louis, Missouri (63104)
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Should you buy in 63104 (Saint Louis, MO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
What’s happening in Saint Louis, MO (63104)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 63104 Saint Louis
ZIP 63104 inside Saint Louis City looks affordable on the surface — median value of $296K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 63104 is robust only for operators who understand what they are buying. A $296K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Stepping back, 63104 offers a low basis, the region around Saint Louis has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 63104 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 63104 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Saint Louis:
Property Strategy for 63104
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $167,297 | $1,090 | 4.7% | +6.5% | $167,297 |
| 2BR | $222,994 | $1,330 | 4.3% | +4.0% | $111,497 |
| 3BR | $354,703 | $1,710 | 3.5% | +5.0% | $118,234 |
| 4BR | $451,798 | $1,980 | 3.2% | +4.3% | $112,950 |
| 5BR | $569,969 | — | — | +4.6% | $113,994 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 63104 Compare?
| Metric | 63104 | Saint Louis | St. Louis, MO-IL | Missouri |
|---|---|---|---|---|
| Home Value | $296,385 | $151,242 | N/A | $254,657 |
| 5-Year CAGR | 1.7% | 1.0% | N/A | 7.0% |
| Avg Rent | $1,427 | $1,223 | N/A | - |
| Cap Rate | 3.8% | 8.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 63104 (Saint Louis, MO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $296,385 |
| Monthly Rent | $1,427 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 63104
Population: 18,701
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 63104
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much does a house cost in Saint Louis, MO?
The median home value in Saint Louis, MO is roughly $296K. That puts it reasonable relative to the MO statewide average.
Is Saint Louis, MO a smart market for rental property?
Yes - Saint Louis, MO a 2.0/5 investability score. With $296K home prices against $1,427/mo monthly rent, the market delivers a reasonable entry point for new investors.
How landlord-friendly is Saint Louis, MO?
MO law landlord-friendly for landlords, and Saint Louis inherits those rules. Investors should still review local ordinances for rental licensing.
What monthly rent should investors expect in Saint Louis, MO?
Rents in Saint Louis, MO run near $1,427/mo. Compared with median home prices of $296K that produces solid gross yields for typical rentals.
Is it easy to find good tenants in Saint Louis, MO?
Saint Louis, MO offers a stable renter base at the $1,427/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 63104 now. You don’t know where it ranks.
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How 63104 ranks in St. Louis, MO-IL
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