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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Port St. Lucie Housing Market Information

With a population of 179,413, 59,221 total housing units (homes and apartments), and a median house value of $213,944, 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 87.60% 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 ( 5.62%), row houses and other attached homes ( 3.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.88%).

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 77.01% of Port St. Lucie's homes, and 76.25% 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 ( 46.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.49%).

Vacant housing appears to be an issue in Port St. Lucie. Fully 14.59% 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

Port St. Lucie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port St. Lucie during the period has been just -1.64%, which is lower than 80% of US communities.

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 13.36%, which is higher than appreciation rates in 98.86% 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 4.58%, which equates to an annual appreciation rate of 19.62%.

Importantly, this makes Port St. Lucie one of the highest appreciating communities in the nation for the latest quarter, and 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 90% 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:
$213,944

Port St. Lucie, FL HOME PRICES

Value Range
> $1,588,000 0.4
$1,191,001 - $1,588,000 0.6
$794,001 - $1,191,000 1.2
$635,001 - $794,000 1.4
$477,001 - $635,000 3.1
$318,001 - $477,000 13.7
$159,001 - $318,000 48.8
$80,001 - $159,000 25.7
$0 - $80,000 5.3

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
30.2125417178992 43.3760683760684

Number Of Homes And Apartments:
59,221

Port St. Lucie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
90.04% 3.74% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,784 / per month

Homeownership Rate

Homeownership
Owners 77.01
Renters 22.99
Vacant 14.59

Housing Market Details

 

Age of Homes

AGE OF Port St. Lucie HOMES
2000 or Newer 46.7
1970 - 1999 51.7
1940 - 1969 1.5
1939 or Older 0.1

Types of Homes

TYPE OF Port St. Lucie HOMES
Single-Family 87.6
Townhomes 3.7
Small Apt. Buildings 1.9
Apt. Complexes 5.6
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Port St. Lucie HOMES
No Bedroom 0.38
1 Bedroom 1.56
2 Bedrooms 19.41
3 Bedrooms 58.67
4 Bedrooms 17.58
5 or more bedrooms 2.40