Often called “The Gateway to the West,” St. Louis metro area is the 21st largest metro in the country and home to nine Fortune 500 companies. It is also home to the Midwest’s premier hub for bioscience and technology research: the Cortex Innovation Community. This 200-acre technology district anchors St. Louis’ growing ecosystem for innovative startup programs as well as established companies.
Beyond its stable economy and large metro population, St. Louis also boasts an affordable housing market. Investors can purchase single family homes for well below the national average, as little as $120,000, and rent them for around 1% of the purchase price.
So whether you’re a first-time real estate investor or maybe a more experienced one looking to do a 1031 Exchange, we suggest you take a look at this new market and the experienced team we’re working with.