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Port St. Lucie, 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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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. Lucie, FL Housing Market Trends

With 217,523 people, 71,609 houses or apartments, and a median cost of homes of $401,018, Port St. Lucie 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. Lucie, accounting for 87.69% of the city's housing units. Other types of housing that are prevalent in Port St. Lucie include large apartment complexes or high rise apartments ( 5.65%), row houses and other attached homes ( 3.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.01%).

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. Lucie. Owner-occupied housing accounts for 80.18% of Port St. Lucie's homes, and 78.38% have either three or four bedrooms, which is average sized relative to America.

Port St. Lucie homes and real estate are some of the newest in America. 49.46% of Port St. Lucie'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. Lucie real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.50%), and between 1940-1969 ( 2.79%).

Port St. Lucie Home Appreciation Rates

In the last 10 years, Port St. Lucie has experienced some of the highest home appreciation rates of any community in the nation. Port St. Lucie real estate appreciated 252.10% over the last ten years, which is an average annual home appreciation rate of 13.41%, putting Port St. Lucie in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port St. Lucie 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. Lucie that despite a nationwide downturn in the housing market, Port St. Lucie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port St. Lucie appreciation rates continue to be some of the highest in America, at 21.53%, which is higher than appreciation rates in 99.30% 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. Lucie. Port St. Lucie appreciation rates in the latest quarter were at 3.21%, which equates to an annual appreciation rate of 13.49%.

Importantly, NeighborhoodScout’s exclusive research found that Port St. Lucie's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Florida, our data show that Port St. Lucie's latest annual appreciation rate is higher than 70% 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 city. Individual neighborhoods within Port St. Lucie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port St. Lucie - 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 Port St. Lucie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$401,018

Port St. Lucie, FL HOME PRICES

> $1,645,000
$1,234,001 - $1,645,000
$823,001 - $1,234,000
$658,001 - $823,000
$493,001 - $658,000
$329,001 - $493,000
$164,001 - $329,000
$82,001 - $164,000
$0 - $82,000
0.5%
0.5%
0.4%
0.4%
2.5%
2.5%
5.8%
5.8%
16.5%
16.5%
44.2%
44.2%
24.9%
24.9%
3.0%
3.0%
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
71,609

Port St. Lucie Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared To
FL
Compared To
America
Latest Quarter:
2022 Q3 - 2022 Q4
Last 12 Months:
2021 Q4 - 2022 Q4
Last 2 Years:
2020 Q4 - 2022 Q4
Last 5 Years:
2017 Q4 - 2022 Q4
Last 10 Years:
2012 Q4 - 2022 Q4
Since 2000:
2000 Q1 - 2022 Q4
274.92% 5.91%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,347 / per month

Homeownership Rate

Owners
Renters
Vacant
80.2%
80.2%
19.8%
19.8%
9.3%
9.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
49.5%
49.5%
47.5%
47.5%
2.8%
2.8%
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.7%
87.7%
3.2%
3.2%
2.0%
2.0%
5.7%
5.7%
1.5%
1.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
1.2%
1.2%
17.8%
17.8%
56.8%
56.8%
21.6%
21.6%
1.8%
1.8%
0.0% 100.0%
% OF HOMES