Ponte Vedra Beach, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ponte Vedra Beach, FL Housing Market Trends

With a population of 38,474, 1,960 total housing units (homes and apartments), and a median house value of $674,689, Ponte Vedra Beach house prices are not only among the most expensive in Florida, Ponte Vedra Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Ponte Vedra Beach, accounting for 70.99% of the town's housing units. Other types of housing that are prevalent in Ponte Vedra Beach include large apartment complexes or high rise apartments ( 15.59%), duplexes, homes converted to apartments or other small apartment buildings ( 6.74%), and a few row houses and other attached homes ( 5.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ponte Vedra Beach. Owner-occupied housing accounts for 81.50% of Ponte Vedra Beach's homes, and 61.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ponte Vedra Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ponte Vedra Beach built between 2000 and later ( 20.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.59%).

Vacant housing appears to be an issue in Ponte Vedra Beach. Fully 13.56% of the housing stock is classified as vacant. Left unchecked, vacant Ponte Vedra Beach homes and apartments can be a drag on the real estate market, holding Ponte Vedra Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ponte Vedra Beach Home Appreciation Rates

In the last 10 years, Ponte Vedra Beach has experienced some of the highest home appreciation rates of any community in the nation. Ponte Vedra Beach real estate appreciated 84.74% over the last ten years, which is an average annual home appreciation rate of 6.33%, putting Ponte Vedra Beach in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ponte Vedra Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Ponte Vedra Beach's appreciation rate, at 10.04%, has been at or slightly above the national average. In the latest quarter, Ponte Vedra Beach's appreciation rate has been 3.77%, which annualizes to a rate of 15.97%.

Importantly, this makes Ponte Vedra Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Ponte Vedra Beach's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Ponte Vedra Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ponte Vedra Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ponte Vedra Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$674,689

Ponte Vedra Beach, FL HOME PRICES

> $1,290,000
13.5%
13.5%
$967,001 - $1,290,000
10.6%
10.6%
$645,001 - $967,000
23.0%
23.0%
$516,001 - $645,000
11.6%
11.6%
$387,001 - $516,000
15.4%
15.4%
$258,001 - $387,000
10.3%
10.3%
$129,001 - $258,000
13.5%
13.5%
$64,001 - $129,000
1.6%
1.6%
$0 - $64,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
1,960

Ponte Vedra Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
135.45% 4.06%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,272 / per month

Homeownership Rate

Owners
81.5%
81.5%
Renters
18.5%
18.5%
Vacant
13.6%
13.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.0%
20.0%
1970 - 1999
76.2%
76.2%
1940 - 1969
3.6%
3.6%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.0%
71.0%
Townhomes
6.0%
6.0%
Small Apt. Buildings
6.7%
6.7%
Apt. Complexes
15.6%
15.6%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
4.8%
4.8%
2 Bedrooms
17.4%
17.4%
3 Bedrooms
32.8%
32.8%
4 Bedrooms
28.8%
28.8%
5 or more bedrooms
15.9%
15.9%
0.0% 100.0%
% OF HOMES