St Louis Home Prices vs St Louis Personal Income Chart

The chart below shows St Louis home prices beginning in 1976 compared with St Louis personal income starting in the same period so the trends for the two can be compared.  The relationship between home prices and income directly impacts the affordability of owning a home.  St Louis is a metro area that typically has more affordable housing than many other larger metropolitan areas.  Unfortunately, the Bureau of Labor Statistics (where the income data comes from) lags about a year behind reporting income data for St Louis.  However, historically, St Louis's income has roughly paralleled the income data reported for the U.S. so there is a second chart below that adds the U.S. personal income per capita to the chart. 

Information like this, as well as real estate agents and brokers that know and understand this data like the ones at MORE, REALTORS, can help a home buyer or investor identify when is an opportune time to buy. This same information and knowledge can help a seller determine the right time to sell their home.

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