Lower Prices Don’t Mean Less Strain

Written By Kyle Juvers

The Insight

Among first-time homebuyers in St. Louis, Black buyers purchase homes at significantly lower prices than non-Black buyers—but that doesn’t mean the purchase is easier.

Why It Matters

Lower purchase prices often reflect tighter constraints—not preference. Combined with lower incomes and less discretionary income, buying a less expensive home can still place greater financial strain on Black households.

Over time, this can affect:

  • neighborhood options

  • exposure to repair and maintenance costs

  • long-term equity and wealth accumulation

👉 See the full analysis in the St. Louis REALTORS® Reimagining St. Louis report.

Kyle Juvers
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