Are you looking to invest in St. Louis, MO real estate? St. Louis has a low inventory in housing making the rental demand shoot upwards. With more than half of its population identified as renters, investors can expect excellent returns on their St. Louis rental investments.
Single-family homes are sought after here thus you can aim to target families as one of your chief demographics. St. Louis also attracts a large number of professionals as they are employed by many corporations, especially Fortune 500 companies, in the areas. All this gives you more choice when it comes to the kinds of renters you plan to serve.
However, before you sink your money into a property, it’s essential to study which neighborhoods are more profitable and will be a good value for your investment. This article will cover the top-rated areas in St. Louis. You’ll learn about the neighborhoods and be able to establish which ones are most suitable for you as a real estate investor in Missouri.
Best St. Louis Neighborhoods to Buy Real Estate
Real estate investors will find Crestwood attractive given that it’s been considered an excellent place for families and young people. You can attract families as your key demographic to your rental properties since this neighborhood offers outstanding amenities.
Crestwood has high-quality schools, excellent public parks, playgrounds, tennis courts, and even a public water park. The area also features the Crestwood Park and Crestwood Aquatic Center making the community attractive to families with kids or people looking to establish roots in the area.
Crestwood is famous for its Lindbergh School District which is renowned as the finest in Missouri. Other amenities that Crestwood offers to residents are entertainment facilities such as movie theatres, fitness centers, and several retail shops.
Tower Grove South
Tower Grove South is a good choice for rental property investors in St. Louis. The neighborhood has seen home values shooting up but don’t worry, it still offers the potential for very fruitful investments.
You can target families and young professionals as potential renters. Tower Grove South has excellent amenities such as restaurants, retail shops, bars, and entertainment complexes. Millennials particularly have chosen to rent here making apartment complexes a popular property rental.
Maplewood is an interesting neighborhood that combines vintage and modern amenities giving resistance a nice mix of urban and suburban living. It contains a slew of dining spots, old-school artisanal shops, breweries, and local boutiques. This attracts a variety of demographics that you can target as renters.
Families, millennials, and tourists enjoy exploring Maplewood’s innate local culture. When it comes to schools, Maplewood also offers top-rated schools so families with kids can enjoy the convenience of choosing to rent here.
For real estate investors in St. Louis, St. Peters is an appealing location for a rental investment. St. Peters is ideal for a diverse demographic from families to professionals and retirees.
It has wonderful amenities starting with its Cultural Arts Center. It also offers several city parks, top-quality schools, and a Rec-Plex Center where residents can find plenty of options for entertainment activities. Mid Rivers Mall is also situated in this area.
The city focuses on progressive developments making St. Peters a great investment. In the years to come, investors can expect more infrastructure and amenities that will be attractive to residents, both new and old.
Central West End
For investors planning to put up a rental in the Central West End neighborhood, they have plenty of options from residential to commercial properties. Newly constructed developments are available showing a unique blend of classical style and contemporary architecture.
Renters will have access to interesting and free cultural amenities such as the Cathedral Basilica of St. Louis and a huge collection of bookshops, boutiques, pubs, and restaurants.
Young professionals, families, and retirees also have convenience on hand given that the medical facilities such as the Washington University Medical Center and Shriners Hospitals for Children are located nearby.
In terms of transit, renters will enjoy the convenience of the MetroBus Center and Central West End Metrolink Station. Central West End is a neighborhood that appeals to a variety of potential tenants.
Downtown St. Louis
One of the notable neighborhoods in Missouri is Downtown St. Louis. The community is vibrant and renters have access to a hip entertainment hub with an influx of restaurants, clubs, and attractions surrounding the neighborhood.
As an investor, you can choose among different property types such as apartments, lofts, and condominium units. Downtown St. Louis provides its residents with plenty of entertainment spots such as arts and culture events, botanical gardens, and historic attractions making it an exciting address for long-term and short-term renters.
In a Nutshell
St. Louis is a city that has been on the map of real estate investors thanks to its highly rated school districts, a wealth of cultural amenities, and excellent public facilities.
If you are looking to purchase St. Louis real estate, you may want to consider Crestwood, Tower Grove South, Maplewood, St. Peters, Central West End, and Downtown.
If you would like help managing your rental properties, reach out to the experts at Key Renter Property Management St. Charles. Don’t hesitate to contact us today if you have questions about investment opportunities in St. Louis, MO!