Penrose, Saint Louis, MO—63115
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penrose, Saint Louis, MO
As of Oct '25, the median home price in Penrose, Saint Louis, MO is $38,000, with a year-over-year change of -14.8%. This indicates that home prices in Penrose, Saint Louis, MO are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $38,000 | -14.8% |
| Single Family | $38,000 | -15.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $31,000 | -13.9% |
2 Bed | $39,000 | -13.3% |
3 Bed | $50,000 | -13.8% |
4 Bed | $63,000 | -14.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $979 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $850 | $894 |
| 3 Bed Rent | $1,200 | $1,270 |
| 4 Bed Rent | $725 | $862 |
% of Rental Stock
Property Listings — Penrose, Saint Louis, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Penrose, Saint Louis, MO is 51. This is a decrease of -51.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $42,500 | -30.0% |
Listing Count | 42 | -21.0% |
| Listings as % of Homes | 0.4% | -21.0% |
Days on Market | 51 | -51.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.3 |
| Median Home Price | $38,000 |
| Median Household Income | $31,900 |