ST. LOUIS (KMOX) - If you talk to anyone trying to buy a house in the greater St. Louis area right now, you probably know it's usually not a fun time. A new study shows it's a lot worse in St. Louis than in most other cities.
Compared to 300 of the biggest cities in the US, St. Louis was ranked 296th for the best real estate market. The study from WalletHub.com says it looked 18 key indicators of housing-market attractiveness and economic strength in each city.
Here's where St. Louis ranked on a few specific categories (out of 300):
274th – Share of Seriously Underwater Mortgages
175th – Median Home-Price Appreciation
182nd – Job Growth Rate
211th – Foreclosure Rate
125th – % of Delinquent Mortgage Holders
248th – Maintenance Costs as % of Income
298th – WalletHub’s “States that are Recovering the Quickest from COVID-19” Score
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Six of the top-five markets were all in Texas, with Frisco, Allen and Gilbert leading the way. Nashville came in at No. 10, but other than that, most high-ranking cities were located along one of the coasts.
Here's where some other nearby cities ranked on the list:
Kansas City, Mo - 190
Naperville, Ill - 212
Springfield, Mo - 242
Chicago, Ill - 286
Peoria, Ill - 287
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