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 about Scout's Real Estate Data
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%).
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.
High for Nation
Average for FL