Happening in STL, Real Estate News

The 10 trendiest, but still affordable, cities right now… via housingwire


St. Louis is on the rise.

“In an environment where Millennials are barely being served, it’s not easy finding a place to call home in America’s 20 hottest housing markets. However, a new list from realtor.com could be the answer you’ve desperately waited for.

From the article by Yuqing Pan on realtor.com:

Our data team mixed up a large batch of kale smoothies and set out to find the next hipster meccas sprouting up across the U.S. We took a deep dive into the 500 largest cities in the country in search of those that combine a fun, young, culture-rich urban experience with affordability for the long haul.

Criteria for the list included: Number of foodie hot spots, bike shops, yoga studios, cultural outlets, an increase in the population of 25- to 34-year-olds from 2013 to 2014, and an increase in the percentage of people shopping for a home on realtor.com.

After this, realtor.com ran the acceptable cities through an affordability check. Here are the 10 trendiest U.S. cities that you can still afford to live in:

10. Charleston, South Carolina

Median home price: $325, 200

9. New Orleans, Louisiana   

Median home price: $245,000

8. St. Louis, Missouri

Median home price: $145,000

7. Cincinnati, Ohio

Median home price: $138,000

6. Ann Arbor, Michigan

Median home price: $349,450

5. Minneapolis, Minnesota

Median home price: $251,000

4. Pittsburgh, Pennsylvania

Median home price: $149,900

3. Asheville, North Carolina

Median home price: $350,000

2. Richmond, Virginia

Median home price: $170,000

1. Salt Lake City, Utah

Median home price: $355,000

Interestingly, Saint Louis came in at #2 for something else.

With all of the negative talk of Saint Louis, one thing that is not questioned is our fantastic housing market. As you probably saw our post from before, Realtor.com ranked Saint Louis as the #2 hottest real estate market for 2016. Regardless of if you want a lovely home in the suburbs, a loft downtown or a historic mansion in Huntleigh, St Louis has it!