The story of this market
The typical home in ZIP 63118 sells for about $185,000, or $135 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $972 a month.
ZIP 63118 — City of St. Louis
The 63118 housing market is characterized by steady demand for historic, lower-priced housing stock, driven by its proximity to downtown and vibrant local commercial districts. While inventory remains tight, the market is balanced by the challenges of aging infrastructure and higher crime rates, resulting in moderate price appreciation. Overall, the market remains stable with consistent activity from both local buyers and investors.
This ZIP is well-suited for investors seeking value-add opportunities, first-time homebuyers looking for historic urban housing at accessible price points, and renters who prioritize proximity to the city's cultural and dining hubs.
Median prices moved up 2.8% year over year.
Homes spend a median of 48 days on market with 4.1 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.0% · poverty 23.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 63118, St. Louis City
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in 63118 remain significantly higher than the regional and national averages, with property and violent crime being primary concerns for residents. The area continues to experience challenges typical of urban core neighborhoods in St. Louis.
Public schools serving the area are part of the St. Louis Public School District, which generally faces significant challenges in academic performance and resource allocation compared to suburban districts.
The area is primarily an urban environment with low wildfire risk, though older housing stock may face challenges related to aging infrastructure and localized urban flooding during heavy rain events.
Economic momentum is driven by localized revitalization efforts and small-scale commercial development along corridors like Gravois and Cherokee Street, though large-scale corporate investment remains limited.
Property taxes are assessed by the St. Louis City Assessor; the city utilizes a combined municipal and school district tax rate structure. Residents are subject to the city's 1% earnings tax, which applies to all individuals working within city limits.
Residents benefit from proximity to downtown St. Louis, with most commutes being short via I-55 or local arterial roads. Public transit access is available through MetroBus routes serving the South City area.
The ZIP features access to Tower Grove Park, a major regional destination, along with numerous smaller neighborhood parks and the vibrant commercial and dining district of Cherokee Street.
The rental market is deep with a high concentration of multi-family units and historic apartment buildings, maintaining steady demand despite aging stock. Investor activity is prevalent, with a mix of long-term rentals and some short-term rental presence.
The economy is anchored by healthcare, education, and service-sector employment in the broader St. Louis metro area. Local economic activity is heavily influenced by small businesses and the hospitality industry.
The area is served by a grid of arterial streets and is positioned near the I-55 corridor, providing direct access to the downtown employment core. Public transit is provided by Metro Transit bus lines.
Development is primarily focused on the adaptive reuse of historic structures and infill housing projects rather than large-scale new construction.
Parcels are subject to St. Louis City municipal taxes and the St. Louis Public School District levy.
Property insurance premiums in the area are influenced by the age of the housing stock and urban fire risk factors.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A historic 289-acre park offering trails, sports facilities, and community events.
A vibrant commercial corridor known for its eclectic mix of antique shops, restaurants, and art galleries.
A historic neighborhood park providing green space and community gathering areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.