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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,442, 1,297 total housing units (homes and apartments), and a median house value of $243,274, Port St. Joe real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Port St. Joe, accounting for 83.93% of the city's housing units. Other types of housing that are prevalent in Port St. Joe include duplexes, homes converted to apartments or other small apartment buildings ( 8.12%), large apartment complexes or high rise apartments ( 7.12%).
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 65.95% of Port St. Joe's homes, and 67.63% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Port St. Joe's housing was primarily built during this period, from the '40s through the '60s. A full 36.32% of the city's housing hails from this era. Other housing ages represented in Port St. Joe include homes built between 1970-1999 ( 33.37%) and housing constructed between 2000 and later ( 23.25%). There's also some housing in Port St. Joe built before 1939 ( 7.06%).
Vacant housing appears to be an issue in Port St. Joe. Fully 27.86% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port St. Joe during the period has been just -2.09%, which is lower than 80% of US communities.
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 7.60%, which is higher than appreciation rates in 84.72% 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 -1.38%, which equates to an annual appreciation rate of -5.42%.
Notably, Port St. Joe's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Port St. Joe's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.
|$962,001 - $1,282,000||0.0|
|$641,001 - $962,000||5.3|
|$513,001 - $641,000||1.9|
|$385,001 - $513,000||11.1|
|$257,001 - $385,000||16.3|
|$128,001 - $257,000||37.7|
|$64,001 - $128,000||16.9|
|$0 - $64,000||10.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Port St. Joe HOMES|
|2000 or Newer||23.2|
|1970 - 1999||33.4|
|1940 - 1969||36.3|
|1939 or Older||7.1|
|TYPE OF Port St. Joe HOMES|
|Small Apt. Buildings||8.1|
|SIZE OF Port St. Joe HOMES|
|5 or more bedrooms||0.67|