St. Louis: Housing & Real Estate
The median St. Louis home is valued at $119,200 (estimated market value runs 7% higher at $127,667), with median rent $794 (about the same as Gratiot County median $757; 1.3× below Michigan median $1,027). Homeownership rate: 67.3%. That's 1.1× below the Gratiot County median ($126,500); 1.7× below the Michigan median ($206,419). Market is cool. Vacancy rate 13.8%. New construction makes up 2.2% of stock. 2 nursing facilities on file. A municipal building code is in effect.
- 2.3× annual income — home value vs. household income (vs Michigan 2.8×).
- 12.5 years to break even renting at the median (vs Michigan 17y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent 18% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $119,200 — 0.6× the Michigan median ($206,419). Median rent $794/month. homeownership rate 67.3% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 2.3× |
|---|---|
| Affordability · Rent To Income Pct | 18.6% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | very affordable |
| Fair Market Rent · Studio rent | $689 |
| Fair Market Rent · One-bedroom rent | $742 |
| Fair Market Rent · Two-bedroom rent | $973 |
| Fair Market Rent · Three-bedroom rent | $1,304 |
| Fair Market Rent · Four-bedroom rent | $1,455 |
| Fair Market Rent · HUD FMR area | Gratiot County, MI |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $127,667 |
| Median Home Value | $119,200 (vs Michigan $206,419) |
| Median Rent | $794 (vs Michigan $1,027) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | cool |
|---|---|
| Housing Market · Vacancy rate | 13.8% |
| Housing Market · New construction (% of stock) | 2.2% |
| Housing Market · Price Appreciation 2Yr | 3.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (3)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 67.8% |
| Broadband · Broadband-capable premises | 2,099 |
| Electricity · Electricity rate (¢/kWh) | 19.30¢/kWh |
| Electricity · Customers | 4,516,367 |
| Electricity · Revenue Millions | $6,466 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 67.3% |
|---|---|
| Median Year Built | 1966 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12