Rent to Own Homes in St Peters
Located in St.... Read More
Located in St. Charles County, St. Peters is part of the St. Louis metropolitan area. It’s sandwiched between the Missouri and Mississippi Rivers, and the population is about 57,000. A 220-mile drive to the west will take you to Kansas City.The below results are primarily rent to own homes in St. Charles County, MO:
Located in St.... Read More
Located in St. Charles County, St. Peters is part of the St. Louis metropolitan area. It’s sandwiched between the Missouri and Mississippi Rivers, and the population is about 57,000. A 220-mile drive to the west will take you to Kansas City.The below results are primarily rent to own homes in St. Charles County, MO:
According to an old Spanish census report, the area was settled as far back as 1791. Throughout most of the 20th century St. Peters was still just a small farming town; it didn’t become an official city until 1959. Still, as recently as 1970, only 486 people were living there. By 1980 that number had jumped to nearly 16,000. Rapid growth continued, and ten years later the population broke the 40,000 mark.
With over 1,000 acres of trails and parks, St. Peters has the most extensive park system in the entire county. These include Brown Road Park, City Centre Park, Spencer Creek Park, and 110-acre Rabbit Run Park.
Buying a Home in St. Peters
The median price of a home in St. Peters is about $163,000. Luxury homes in the $500,000+ range are also available. The median age is 39, and about 58% of the population is married. Job growth is positive, the cost of living is 5% below the national average, and the crime rate is 18 out of 100, well below the national average of 41.4. This adds up to a very family-friendly city.
The schools in St. Peters are excellent, with most getting a rating of 7-10 (out of 10). A few are rated lower, so families with school-aged children should do their homework when neighborhood shopping.
Popular Neighborhoods in St. Peters
On the south side is the Jungs Station Rd/Upper Bottom Rd. neighborhood. This area is comprised of mostly medium- and large-sized single family homes. The neighborhoods are established but not old; since St. Peters’ population boom occurred after 1970, most of the homes were built after that year. Top public schools and a low crime rate put this in the top 6% of family-friendly neighborhoods in Missouri. Median home price is $250,500.
To the west is the Howell neighborhood, which shares many of the characteristics of the above-mentioned area. It’s a family-oriented neighborhood, and the high number of college-educated residents influences the academic success of the schools there. Median home price is $232,400.
Buying vs. Rent to Own Homes
St. Peters may already sound like a good place to live. But getting financing for a home can be difficult. If you’re not quite ready for that step, there is another option. Many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually buy the house. This allows renters – who may not be in a position to buy a home outright – to eventually become proud homeowners.
Summary
St. Peters is just a stone’s throw from St. Louis, but retains its small-town charm. A good economy, job growth, low crime rate, numerous parks, proximity to two major waterways, good schools, and family-friendly neighborhoods combine to make St. Peters a strong contender if you’re considering a place to settle and put down roots.
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