Is St. Louis, MO or Chicago, IL cheaper to buy a home?

St. Louis, MO is cheaper to buy in, with a median home price of $261,627 vs $333,939 in Chicago, IL.

Where is rent cheaper — St. Louis, MO or Chicago, IL?

St. Louis, MO has lower median rent at $1,409/mo/month, compared to $2,091/mo in the other metro.

Which is a better real estate investment — St. Louis, MO or Chicago, IL?

Based on rental yield and price forecast, Chicago, IL scores higher for investors (7.5% rental yield, +1.8% 12-mo forecast). St. Louis, MO yields 6.5% vs 7.5% for Chicago, IL. Always verify with local market conditions before investing.

What is the price-to-rent ratio in St. Louis, MO vs Chicago, IL?

St. Louis, MO has a price-to-rent ratio of 15.5 and Chicago, IL has 13.3. A ratio below 15 favors buying; above 21 favors renting. Chicago, IL is relatively more favorable for buyers.

How have home prices changed in St. Louis, MO and Chicago, IL over 5 years?

Over the past 5 years, St. Louis, MO home values changed +32.0% while Chicago, IL saw +33.7% appreciation. Chicago, IL had stronger long-term price growth.