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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 14,576, 5,689 total housing units (homes and apartments), and a median house value of $364,756, 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 61.89% of the city's housing units. Other types of housing that are prevalent in St. Augustine include large apartment complexes or high rise apartments ( 20.20%), duplexes, homes converted to apartments or other small apartment buildings ( 10.51%), and a few row houses and other attached homes ( 6.93%).

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.

There is a lot of housing in St. Augustine 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 St. Augustine built before 1939 ( 26.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.93%). There's also some housing in St. Augustine built between 2000 and later ( 22.00%).

Vacant housing appears to be an issue in St. Augustine. Fully 22.87% 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 57.98% over the last ten years, which is an average annual home appreciation rate of 4.68%, putting St. Augustine in the top 10% 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.

NeighborhoodScout's data show that during the latest twelve months, St. Augustine's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, St. Augustine's appreciation rate has been -0.65%, which annualizes to a rate of -2.58%.

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

Relative to Florida, our data show that St. Augustine'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 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:
$364,756

St. Augustine, FL HOME PRICES

Value Range
> $1,210,000 2.6
$907,001 - $1,210,000 4.5
$605,001 - $907,000 7.0
$484,001 - $605,000 11.0
$363,001 - $484,000 12.1
$242,001 - $363,000 32.7
$121,001 - $242,000 20.9
$61,001 - $121,000 6.0
$0 - $61,000 3.2

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
14.1839416058394 24.0425531914894

Number Of Homes And Apartments:
5,689

St. Augustine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
138.76% 4.45%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,347 / per month

Homeownership Rate

Homeownership
Owners 53.88
Renters 46.12
Vacant 22.87

Housing Market Details

 

Age of Homes

AGE OF St. Augustine HOMES
2000 or Newer 22.0
1970 - 1999 26.6
1940 - 1969 24.9
1939 or Older 26.5

Types of Homes

TYPE OF St. Augustine HOMES
Single-Family 61.9
Townhomes 6.9
Small Apt. Buildings 10.5
Apt. Complexes 20.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF St. Augustine HOMES
No Bedroom 1.90
1 Bedroom 12.92
2 Bedrooms 34.90
3 Bedrooms 40.02
4 Bedrooms 8.99
5 or more bedrooms 1.27