Tower Grove South, Saint Louis, MO—63116
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tower Grove South, Saint Louis, MO
As of Oct '25, the median home price in Tower Grove South, Saint Louis, MO is $179,000, with a year-over-year change of 1.9%. This indicates that home prices in Tower Grove South, Saint Louis, MO are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 1.9% |
| Single Family | $179,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $129,000 | 1.6% |
2 Bed | $175,000 | 2.3% |
3 Bed | $227,000 | 1.8% |
4 Bed | $309,000 | 1.0% |
| 5 Bed | $431,000 | 0.0% |
% of Housing Stock
Rental Trends — Tower Grove South, Saint Louis, MO
As of July '25, Rentcast reports the average rent in Tower Grove South, Saint Louis, MO is $1,100, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Tower Grove South, Saint Louis, MO is studios: $900, 1-bedrooms: $888, 2-bedrooms: $1,160, 3-bedrooms: $1,830, 4-bedrooms: $2,140. The most common rental property sizes in Tower Grove South, Saint Louis, MO are 1-bedroom and 2-bedroom, accounting for 46.7% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,100 |
| Studio Rent | $850 | $900 |
| 1 Bed Rent | $825 | $888 |
| 2 Bed Rent | $1,120 | $1,160 |
| 3 Bed Rent | $1,650 | $1,830 |
| 4 Bed Rent | $2,000 | $2,140 |
% of Rental Stock
Property Listings — Tower Grove South, Saint Louis, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Tower Grove South, Saint Louis, MO is 39. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $199,000 | -1.0% |
Listing Count | 138 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 39 | 23.0% |
Demographics — Tower Grove South, Saint Louis, MO
As of the latest ACS Survey released in 2023, Tower Grove South, Saint Louis, MO has a population of 42,500, which has decreased by -4.1% over the past 5 years. Tower Grove South, Saint Louis, MO is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,500 | -4.1% |
% Under 18 | 20.9% | 1.0% |
% Seniors | 11.4% | 3.6% |
% WFH | 12.8% | 300.0% |
% w/ College Degree | 37.0% | 14.2% |
As of the latest ACS Survey released in 2023, Tower Grove South, Saint Louis, MO is a predominantly white area, with 53.6% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Tower Grove South, Saint Louis, MO is black, making up 26.8% of the population. Foreign-born residents account for 10.9% of the population in Tower Grove South, Saint Louis, MO, and this percentage has decreased by 30.1% 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 | 53.6% | -13.1% |
% Black | 26.8% | 32.0% |
% Hispanic | 9.7% | 22.8% |
% Asian | 5.2% | -20.0% |
% Foreign Born | 10.9% | -30.1% |
Mortgage and Risk — Tower Grove South, Saint Louis, MO
According to HUD data as of 2023, there were 748 mortgage originations in Tower Grove South, Saint Louis, MO, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Tower Grove South, Saint Louis, MO. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 748 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Tower Grove South, Saint Louis, MO
As of 2024, the percent of homes in Tower Grove South, Saint Louis, MO under the Section 8 program is 7.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Tower Grove South, Saint Louis, MO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 624 |
Total Units Section 8 | 623 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 71.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $825 | $920 |
| 2 Bedroom | $20 | $1,120 | $1,140 |
| 3 Bedroom | -$180 | $1,650 | $1,470 |
| 4 Bedroom | -$310 | $2,000 | $1,690 |
Affordability — Tower Grove South, Saint Louis, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $179,000 |
| Median Household Income | $60,200 |