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Penrose, Saint Louis, MO—63115

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$38,000
15.3% YoY Growth
Household Income
$31,900
33.2% YoY Growth
Days on Market
60
35.0% Shorter YoY
Home Price Forecast
1.0%
Median Rent
$900
8.5% YoY Growth
1-Bed Rent
$750
16.1% YoY Growth
2-Bed Rent
$850
7.1% YoY Growth
3-Bed Rent
$1,200
4.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Penrose, Saint Louis, MO

As of Dec '25, the median home price in Penrose, Saint Louis, MO is $38,000, with a year-over-year change of -15.3%. This indicates that home prices in Penrose, Saint Louis, MO are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$38,000-15.3%
Single Family $38,000-13.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $31,000
    -13.9%
    2 Bed
    		$39,000-11.4%
    3 Bed
    		$51,000-12.1%
    4 Bed
    		$62,000-13.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    20.0%
    2 Bedrooms
    42.3%
    3 Bedrooms
    23.6%
    4 Bedrooms
    8.4%
    5+ Bedrooms
    3.0%

    Rental Trends — Penrose, Saint Louis, MO

    As of July '25, Rentcast reports the average rent in Penrose, Saint Louis, MO is $979, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Penrose, Saint Louis, MO is 1-bedrooms: $750, 2-bedrooms: $894, 3-bedrooms: $1,270, 4-bedrooms: $862. The most common rental property sizes in Penrose, Saint Louis, MO are 2-bedroom and 1-bedroom, accounting for 37.6% and 29.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$900$979
    Studio Rent N/AN/A
    1 Bed Rent $750$750
    2 Bed Rent $850$894
    3 Bed Rent $1,200$1,270
    4 Bed Rent $725$862
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    % of Rental Stock

    Studio
    3.4%
    1 Bedroom
    29.9%
    2 Bedrooms
    37.6%
    3 Bedrooms
    18.7%
    4 Bedrooms
    7.1%
    5+ Bedrooms
    3.4%

    Property Listings — Penrose, Saint Louis, MO

    As of Dec '25, Realtor.com reports that the median days on market for a home in Penrose, Saint Louis, MO is 61. This is a decrease of -41.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$58,100-27.0%
    Listing Count
    		46-8.0%
    Listings as % of Homes0.4%-8.0%
    Days on Market
    		60-35.0%
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    Demographics — Penrose, Saint Louis, MO

    As of the latest ACS Survey released in 2023, Penrose, Saint Louis, MO has a population of 14,300, which has decreased by -21.7% over the past 5 years. Penrose, Saint Louis, MO is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,300-21.7%
    % Under 18
    		21.1%-9.4%
    % Seniors
    		21.5%20.8%
    % WFH
    		12.6%137.7%
    % w/ College Degree
    		14.2%7.6%
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    As of the latest ACS Survey released in 2023, Penrose, Saint Louis, MO is a predominantly black area, with 95.1% of the population identifying as black. The black population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Penrose, Saint Louis, MO is white, making up 2.2% of the population. Foreign-born residents account for 0.1% of the population in Penrose, Saint Louis, MO, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		2.2%214.3%
    % Black
    		95.1%-3.4%
    % Hispanic
    		0.6%0.0%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.1%-50.0%
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    Mortgage and Risk — Penrose, Saint Louis, MO

    According to HUD data as of 2023, there were 65 mortgage originations in Penrose, Saint Louis, MO, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Penrose, Saint Louis, MO. Investor activity is high, as 17.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		65
    % Conventional Loans
    		62.0%
    % Government Loans
    		38.0%
    % Investor Loans
    		17.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Penrose, Saint Louis, MO

    As of 2024, the percent of homes in Penrose, Saint Louis, MO under the Section 8 program is 11.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Penrose, Saint Louis, MO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		622
    Total Units Section 8
    		436
    % Rentals under Section 8
    		11.1%
    % Occupied Section 8
    		79.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$130$750$880
    2 Bedroom$240$850$1,090
    3 Bedroom$210$1,200$1,410
    4 Bedroom$915$725$1,640

    Affordability — Penrose, Saint Louis, MO

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.3
    Median Home Price$38,000
    Median Household Income$31,900

    Penrose, Saint Louis, MO — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Walnut Park, Saint Louis, MO

    63120

    Lewis Place, Saint Louis, MO

    63113

    Baden, Saint Louis, MO

    63147

    Hyde Park, Saint Louis, MO

    63107

    Central West End, Saint Louis, MO

    63108

    Frequently Asked Questions