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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Port St. Joe, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Port St. Joe, FL Housing Market Trends

With 3,617 people, 1,492 houses or apartments, and a median cost of homes of $542,473, real estate costs in Port St. Joe are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Port St. Joe, accounting for 80.14% of the city's housing units. Other types of housing that are prevalent in Port St. Joe include large apartment complexes or high rise apartments ( 7.32%), row houses and other attached homes ( 6.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port St. Joe. Owner-occupied housing accounts for 75.33% of Port St. Joe's homes, and 74.99% have either three or four bedrooms, which is average sized relative to America.

Port St. Joe homes and real estate are some of the newest in America. 36.41% of Port St. Joe's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Port St. Joe real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 30.32%), and between 1970-1999 ( 29.35%). There's also some housing in Port St. Joe built before 1939 ( 3.92%).

Vacant housing appears to be an issue in Port St. Joe. Fully 23.05% of the housing stock is classified as vacant. Left unchecked, vacant Port St. Joe homes and apartments can be a drag on the real estate market, holding Port St. Joe 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.

Port St. Joe Home Appreciation Rates

In the last 10 years, Port St. Joe has experienced some of the highest home appreciation rates of any community in the nation. Port St. Joe real estate appreciated 170.72% over the last ten years, which is an average annual home appreciation rate of 10.47%, putting Port St. Joe in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port St. Joe definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Port St. Joe that despite a nationwide downturn in the housing market, Port St. Joe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port St. Joe appreciation rates continue to be some of the highest in America, at 7.37%, which is higher than appreciation rates in 78.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port St. Joe. Port St. Joe appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.68%.

Relative to Florida, our data show that Port St. Joe's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$542,473

Port St. Joe, FL Home Prices
> $1,478,000
$1,108,001 - $1,478,000
$739,001 - $1,108,000
$591,001 - $739,000
$444,001 - $591,000
$295,001 - $444,000
$148,001 - $295,000
$74,001 - $148,000
$0 - $74,000
9.3%
9.3%
3.7%
3.7%
8.8%
8.8%
5.2%
5.2%
14.0%
14.0%
22.4%
22.4%
24.6%
24.6%
8.6%
8.6%
3.5%
3.5%
0% 100.0%
% of Homes
High

for Florida

Very High

for nation

Number of Homes And Apartments:

1,492

Port St. Joe Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,144 / per month

Homeownership Rate

Owners
Renters
75.3%
75.3%
24.7%
24.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
23.1%
23.1%
76.9%
76.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.4%
36.4%
29.3%
29.3%
30.3%
30.3%
3.9%
3.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.1%
80.1%
6.4%
6.4%
4.6%
4.6%
7.3%
7.3%
1.4%
1.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
1.2%
1.2%
22.7%
22.7%
66.1%
66.1%
8.9%
8.9%
0.8%
0.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Port St. Joe

Popular Communities Near Port St. Joe, FL

Zip Codes in Port St. Joe, FL