According to Realtor.com, the St. Louis real estate market remains competitive but accessible, with median home prices below the national average. Neighborhoods like Tower Grove, Shaw, and South Hampton offer walkability, strong community vibes, and excellent resale potential.

One of the first—and most important—steps to buy a house in St. Louis is securing the right financing. Fortunately, Missouri offers a range of programs for first-time homebuyers, including down payment assistance, reduced-rate loans, and educational support through the Missouri Housing Development Commission (MHDC).

Popular mortgage options include FHA loans, VA loans for veterans and active-duty military, and conventional mortgages. Getting preapproved early in the process helps you understand your price range and makes your offer more competitive in today’s market.

Learn more about Missouri first-time buyer programs

Kirkwood: Known for its historic homes, tree-lined streets, and top-rated schools, Kirkwood attracts buyers seeking a classic suburban feel with easy access to downtown St. Louis.

Tower Grove: This diverse and walkable neighborhood is full of local charm, beautiful architecture, and proximity to Tower Grove Park. It’s ideal for buyers who value culture, community events, and quick commutes.

Webster Groves: Popular among families, Webster Groves features spacious homes, quiet parks, and strong schools. If you’re looking to buy a home in St. Louis that offers both charm and room to grow, this is a top contender.

One of the most appealing aspects of living in St. Louis is its low cost of living. Compared to other major metros, housing, utilities, and everyday expenses are far more affordable. Property taxes in Missouri also tend to be reasonable, especially when balanced against the quality of public services and schools. Make sure to review current tax rates and property tax information through the Missouri Department of Revenue to understand what you’ll pay annually.

1. Get preapproved for a mortgage
2. Understand your total budget including closing costs and property taxes
3. Work with a local agent familiar with STL neighborhoods
4. Attend open houses to learn what matters most to you

Whether you’re just starting your search or ready to make an offer, buying a house in St. Louis can be a smart long-term move. The combination of housing affordability, community diversity, and market stability makes STL an underrated gem for buyers across all stages of life.

Use our Relocation Guide to get matched with STL neighborhoods based on your lifestyle, commute, and budget.

One of the most important steps when buying a home in St. Louis is determining your budget. In addition to the price of the home, you’ll want to factor in ongoing monthly costs like mortgage payments, property taxes, homeowner’s insurance, utilities, and HOA fees if applicable.

Use a free online mortgage calculator or talk to your lender to estimate what you can comfortably afford. The general rule is that your monthly housing costs should stay below 28–30% of your gross monthly income. In St. Louis, you may be surprised at how much more home your budget can get you compared to other cities.

A good budget plan helps avoid surprises and sets you up for long-term financial success as a homeowner.