Ponte Vedra Beach FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Ponte Vedra Beach, FL Real Estate Data

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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ponte Vedra Beach Housing Market Information

With a population of 36,950, 1,940 total housing units (homes and apartments), and a median house value of $584,843, 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 71.52% 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 ( 14.78%), row houses and other attached homes ( 7.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.94%).

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 81.37% of Ponte Vedra Beach's homes, and 62.06% 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 ( 16.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.54%).

Vacant housing appears to be an issue in Ponte Vedra Beach. Fully 13.87% 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 50.87% over the last ten years, which is an average annual home appreciation rate of 4.20%, 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 4.43%, has been at or slightly above the national average. In the latest quarter, Ponte Vedra Beach's appreciation rate has been -0.65%, which annualizes to a rate of -2.58%.

Notably, Ponte Vedra Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Ponte Vedra Beach's latest annual appreciation rate is lower than 80% 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:
$584,843

Ponte Vedra Beach, FL HOME PRICES

Value Range
> $1,229,000 13.9
$921,001 - $1,229,000 10.0
$614,001 - $921,000 21.6
$491,001 - $614,000 10.8
$368,001 - $491,000 14.8
$246,001 - $368,000 12.8
$123,001 - $246,000 13.4
$61,001 - $123,000 1.9
$0 - $61,000 0.7

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
5.21459854014599 9.14893617021277

Number Of Homes And Apartments:
1,940

Ponte Vedra Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
111.68% 3.82%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,168 / per month

Homeownership Rate

Homeownership
Owners 81.37
Renters 18.63
Vacant 13.87

Housing Market Details

 

Age of Homes

AGE OF Ponte Vedra Beach HOMES
2000 or Newer 16.9
1970 - 1999 78.5
1940 - 1969 4.5
1939 or Older 0.1

Types of Homes

TYPE OF Ponte Vedra Beach HOMES
Single-Family 71.5
Townhomes 7.1
Small Apt. Buildings 5.9
Apt. Complexes 14.8
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Ponte Vedra Beach HOMES
No Bedroom 0.39
1 Bedroom 4.49
2 Bedrooms 19.12
3 Bedrooms 33.26
4 Bedrooms 28.80
5 or more bedrooms 13.94