Homes in Rust Belt Metros Where
Per Capita Incomes Are Rising
by Sheree R. Curry
From The Wall Street Journal Online
May 26, 2006
Population is down in Cleveland, St. Louis, and Pittsburgh, but the per-capita income of their residents is up compared with the suburbs, says a recent University of Virginia study. Here are three homes in the Rust Belt.
- St. Louis
- Cleveland
- Pittsburgh
PLACE/PRICE: St. Louis / $319,900
PROPERTY TAX*: $847 per year
THE PROPERTY: 3 bedrooms, 2.5 baths built in 1906
DESCRIPTION: The kitchen in this rehabbed home has granite countertops and the master suite has recessed lighting. There is a second-floor laundry room and custom closets. It is walking distance to a shopping district.
NOTABLE: Relative per capita income for St. Louis compared with its suburbs increased 10% since 2000 and the median value of owner-occupied housing went up 2% while population dipped 1%, says University of Virginia Prof. William Lucy.
* Note: Current owner's payment.
Sources: census.gov, stlagent.com, tonyapotsos.com, howardhanna.com, Virginia.edu, Prof. William Lucy
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