The recovery in housing prices has been rocky and uneven in the St. Louis area, a fact reflected in new data from the Federal Housing Finance Agency.
As of last year — according to the latest figures available by ZIP code — prices in much of the region were still below the peak year of 2007, and prices in much of north St. Louis County were still lagging by more than 30 percent.
By contrast, some of the region’s more affluent communities — Clayton, Ladue, Frontenac and Town and Country, are in ZIP code areas that have seen prices reach record highs. And a once-declining group of city of St. Louis neighborhoods is enjoying a housing revival.
That pattern is mirrored in other cities across the nation, said Alan Mallach, a senior fellow at the Brookings Institution who is studying St. Louis neighborhoods. The price rebound has been strongest in the richer areas — and in urban neighborhoods that are drawing millennials.
It has been weakest in areas hard-hit by foreclosures after the price bubble burst in 2007.
Read more: St. Louis Post-Dispatch