St. Augustine, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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St. Augustine, 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 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

St. Augustine Housing Market Information

With a population of 14,243, 5,662 total housing units (homes and apartments), and a median house value of $373,554, real estate costs in St. Augustine are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in St. Augustine, accounting for 62.56% of the city's housing units. Other types of housing that are prevalent in St. Augustine include large apartment complexes or high rise apartments ( 18.26%), duplexes, homes converted to apartments or other small apartment buildings ( 12.10%), and a few row houses and other attached homes ( 6.54%).

People in St. Augustine primarily live in small (one, two or no bedroom) single-family detached homes. St. Augustine has a mixture of owner-occupied and renter-occupied housing.

The housing in St. Augustine was primarily built before 1939 ( 30.20%), making the housing stock in St. Augustine some of the oldest overall in America, although there is a range of ages of homes in St. Augustine. The next most important housing age is between 1940-1969 ( 25.63%), followed by between 1970-1999 ( 25.58%). There's also some housing in St. Augustine built between 2000 and later ( 18.59%).

Vacant housing appears to be an issue in St. Augustine. Fully 20.37% of the housing stock is classified as vacant. Left unchecked, vacant St. Augustine homes and apartments can be a drag on the real estate market, holding St. Augustine 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.

St. Augustine Home Appreciation Rates

In the last 10 years, St. Augustine has experienced some of the highest home appreciation rates of any community in the nation. St. Augustine real estate appreciated 39.48% over the last ten years, which is an average annual home appreciation rate of 3.38%, putting St. Augustine in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, St. Augustine definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, St. Augustine appreciation rates have trailed the rest of the nation. In the last twelve months, St. Augustine's appreciation rate has been 1.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Augustine were at 0.98%, which equates to an annual appreciation rate of 3.98%.

Relative to Florida, our data show that St. Augustine's latest annual appreciation rate is lower 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 St. Augustine differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Augustine - 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 St. Augustine real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$373,554

St. Augustine, FL HOME PRICES

Value Range
> $1,301,000 2.8
$976,001 - $1,301,000 3.5
$651,001 - $976,000 7.0
$520,001 - $651,000 8.7
$391,001 - $520,000 12.7
$260,001 - $391,000 26.8
$131,001 - $260,000 25.2
$65,001 - $131,000 8.8
$0 - $65,000 4.4

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
12.9751824817518 22.3404255319149

Number Of Homes And Apartments:
5,662

St. Augustine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
136.23% 4.51%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,306 / per month

Homeownership Rate

Homeownership
Owners 50.36
Renters 49.64
Vacant 20.37

Housing Market Details

 

Age of Homes

AGE OF St. Augustine HOMES
2000 or Newer 18.6
1970 - 1999 25.6
1940 - 1969 25.6
1939 or Older 30.2

Types of Homes

TYPE OF St. Augustine HOMES
Single-Family 62.6
Townhomes 6.5
Small Apt. Buildings 12.1
Apt. Complexes 18.3
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF St. Augustine HOMES
No Bedroom 1.73
1 Bedroom 14.74
2 Bedrooms 35.95
3 Bedrooms 37.61
4 Bedrooms 8.38
5 or more bedrooms 1.59