Port St. Lucie FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Port St. Lucie, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Port St. Lucie Housing Market Information

With 195,248 people, 61,778 houses or apartments, and a median cost of homes of $225,063, 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 87.27% 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 ( 5.60%), row houses and other attached homes ( 3.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.50%).

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 75.70% of Port St. Lucie's homes, and 76.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Port St. Lucie 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 Port St. Lucie built between 2000 and later ( 45.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.16%).

Vacant housing appears to be an issue in Port St. Lucie. Fully 13.51% of the housing stock is classified as vacant. Left unchecked, vacant Port St. Lucie homes and apartments can be a drag on the real estate market, holding Port St. Lucie 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. 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 101.07% over the last ten years, which is an average annual home appreciation rate of 7.23%, 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.

NeighborhoodScout's data show that during the latest twelve months, Port St. Lucie's appreciation rate, at 3.39%, has been at or slightly above the national average. In the latest quarter, Port St. Lucie's appreciation rate has been -1.17%, which annualizes to a rate of -4.58%.

Notably, Port St. Lucie's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Port St. Lucie'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 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:
$225,063

Port St. Lucie, FL HOME PRICES

Value Range
> $1,433,000 0.6
$1,074,001 - $1,433,000 0.2
$716,001 - $1,074,000 1.4
$573,001 - $716,000 1.7
$430,001 - $573,000 4.7
$286,001 - $430,000 21.9
$143,001 - $286,000 49.5
$72,001 - $143,000 15.4
$0 - $72,000 4.6

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
32.963503649635 48.7234042553191

Number Of Homes And Apartments:
61,778

Port St. Lucie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
120.28% 4.08%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,822 / per month

Homeownership Rate

Homeownership
Owners 75.70
Renters 24.30
Vacant 13.51

Housing Market Details

 

Age of Homes

AGE OF Port St. Lucie HOMES
2000 or Newer 45.3
1970 - 1999 52.2
1940 - 1969 2.2
1939 or Older 0.4

Types of Homes

TYPE OF Port St. Lucie HOMES
Single-Family 87.3
Townhomes 3.1
Small Apt. Buildings 2.5
Apt. Complexes 5.6
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Port St. Lucie HOMES
No Bedroom 0.62
1 Bedroom 1.53
2 Bedrooms 19.51
3 Bedrooms 59.08
4 Bedrooms 17.19
5 or more bedrooms 2.07