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 Q1 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

St. Augustine Housing Market Information

With a population of 14,128, 5,477 total housing units (homes and apartments), and a median house value of $316,499, 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 56.43% of the city's housing units. Other types of housing that are prevalent in St. Augustine include large apartment complexes or high rise apartments ( 21.42%), duplexes, homes converted to apartments or other small apartment buildings ( 13.99%), and a few row houses and other attached homes ( 6.76%).

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 ( 31.36%), 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 ( 24.48%), followed by between 1970-1999 ( 24.21%). There's also some housing in St. Augustine built between 2000 and later ( 19.96%).

Vacant housing appears to be an issue in St. Augustine. Fully 17.86% 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

St. Augustine's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Augustine during the period has been just -0.83%, which is lower than 70% of US communities.

Appreciation rates are so strong in St. Augustine that despite a nationwide downturn in the housing market, St. Augustine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Augustine appreciation rates continue to be some of the highest in America, at 10.02%, which is higher than appreciation rates in 93.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Augustine. St. Augustine appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.03%.

Importantly, this makes St. Augustine 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 St. Augustine's latest annual appreciation rate is higher than 60% 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:
$316,499

St. Augustine, FL HOME PRICES

Value Range
> $1,361,000 2.5
$1,021,001 - $1,361,000 1.4
$681,001 - $1,021,000 6.1
$544,001 - $681,000 6.3
$409,001 - $544,000 12.3
$272,001 - $409,000 24.1
$136,001 - $272,000 31.3
$68,001 - $136,000 11.3
$0 - $68,000 4.6

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
14.9068322981366 26.0683760683761

Number Of Homes And Apartments:
5,477

St. Augustine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
107.84% 4.33% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,216 / per month

Homeownership Rate

Homeownership
Owners 49.86
Renters 50.14
Vacant 17.86

Housing Market Details

 

Age of Homes

AGE OF St. Augustine HOMES
2000 or Newer 20.0
1970 - 1999 24.2
1940 - 1969 24.5
1939 or Older 31.4

Types of Homes

TYPE OF St. Augustine HOMES
Single-Family 56.4
Townhomes 6.8
Small Apt. Buildings 14.0
Apt. Complexes 21.4
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF St. Augustine HOMES
No Bedroom 3.12
1 Bedroom 16.68
2 Bedrooms 33.67
3 Bedrooms 36.91
4 Bedrooms 7.23
5 or more bedrooms 2.40