The Suburbs of St. Louis Are the Most Affordable Place in the U.S. to Buy a Home
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
Redfin reports the Midwest and South are home to a majority of the most affordable cities SEATTLE--(BUSINESS WIRE)--A typical household in Bellefontaine Neighbors, MO, a St. Louis suburb, would need to spend just 16% of their income on housing every month—the lowest share in the nation and less than half the national average. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. Ferguson, MO (17.6%), Detroit, MI (17.9%), Broussard, LA (18.4%) and Bayou Cane, LA (18.6%) round out the top five.This is according to a Redfin analysis of median incomes and median home sale prices across nearly every U.S. city, using weighted averages from January-November 2025.Nationwide, the typical homeowner has to spend 39% of their income on housing, which is well above the recommended 30% threshold.Redfin is highlighting the most affordable cities in the nation because housing costs are near record highs, sidelining many would-be buyers. With buyers priced out,
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