Despite its name, St. Louis County can’t claim the city of St. Louis. However, the two are neighbors, meaning that St. Louis County is considered to be a part of Greater St. Louis. Those who are curious should know that the city was indeed once considered to be a part of the county, but since the separation between the two happened in 1877, there is no real chance of the current state of things changing sometime soon.
Regardless, the city of St. Louis has an enormous effect on St. Louis County. In particular, this has consequences for the real estate markets throughout the county, which can’t help but be influenced. With that said, while this is something that can cause issues, this is something that can provide opportunities for people who buy real estate properties in St. Louis County as well.
Why Should You Invest in St. Louis County Real Estate?
First and foremost, living in cities tends to be expensive. This is because there are a lot of people competing for a small amount of space, thus resulting in higher prices because of competitive pressures. As a consequence, some people will be priced out of the real estate market at the center, whether because they are unable or because they are unwilling to pay the prices for its real estate properties. However, since there is a reason that cities tend to be popular, said individuals will want to remain within a reasonable distance. In other words, this is one of the reasons for the popularity of suburbs.
Due to this, people who invest in St. Louis County real estate properties can benefit from this phenomenon. When St. Louis proves to be a popular place to live, Greater St. Louis proves to be a popular place to live as well. Of course, there is still the matter of choosing the right real estate markets within Greater St. Louis to invest in, but this is something that can be done to some extent by checking to see which communities are seeing upward trends in their real estate markets as well as which communities are seeing increases in amenities that will support upward trends. Common examples of such amenities include but are not limited to major employers, transportation hubs, and entertainment venues.
Having said this, there are a number of reasons why people choose to live in St. Louis and thus by extension Greater St. Louis. First, the region isn’t particularly expensive by the standards of metropolitan areas. Instead, it is relatively affordable, which can be a significant draw for people who are sick of the sky-high prices that can be found in places such as Los Angeles, San Francisco, and New York City. Second, St. Louis has something of a reputation for being family-friendly in nature, which is a huge plus for people with families. With that said, none of this would be particularly impressive if it wasn’t for the fact that Greater St. Louis has a strong economy that isn’t over-reliant on a single sector but instead encompasses everything from tech upstarts to multinational corporate behemoths. There are various reasons why this is the case, but one of them is that St. Louis occupies a strategic position that provides businesses with relatively convenient access to other parts of the United States.
Summed up, people should consider investing in St. Louis County real estate properties because of the potential of the city of St. Louis. After all, metropolises and metropolitan areas can’t be separated from one another, meaning that what benefits one often benefits the other. Due to this, since St. Louis has a decent set of fundamentals, this means promising things for the St. Louis County real estate markets that fall within its sphere of influence.
However, interested individuals should never make the mistake of assuming that a particular real estate investment is guaranteed to be successful based on nothing but its location. Real estate markets are huge, meaning that they encompass a wide range of real estate properties that will meet with a wide range of outcomes. Naturally, this means that there will be some real losers even in real estate markets that are roaring hot, meaning that interested individuals need to be prepared to research their potential investments in St. Louis County by looking at their fundamentals as well as otherwise seeking to tip the scales in their favor. Simply put, real estate investments always involve large sums of money, meaning that real estate investors should leave things to chance as little as possible.