ST. LOUIS — St. Louis has remained one of the nation’s most affordable housing markets for more than a century.
According to research from MarketWatch, real estate professionals say St. Louis has long avoided the housing shortages that have driven prices higher. The area has maintained a sufficient housing supply while population growth has remained relatively flat.
Zillow recently ranked St. Louis among the nation’s most affordable housing markets, with nearly 60% of homes considered affordable for local buyers. However, homeowners are also dealing with higher insurance costs as severe storms and other weather threats become more common, MarketWatch reported…