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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 16,462, 7,418 total housing units (homes and apartments), and a median house value of $138,066, house prices in Stuart are solidly below the national average.
Large apartment complexes or high rise apartments are the single most common housing type in Stuart, accounting for 58.44% of the city's housing units. Other types of housing that are prevalent in Stuart include single-family detached homes ( 27.02%), duplexes, homes converted to apartments or other small apartment buildings ( 9.53%), and a few row houses and other attached homes ( 3.52%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Stuart primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Stuart has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Stuart 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 Stuart built between 1940-1969 ( 14.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.85%). There's also some housing in Stuart built before 1939 ( 2.37%).
Vacant housing appears to be an issue in Stuart. Fully 21.93% of the housing stock is classified as vacant. Left unchecked, vacant Stuart homes and apartments can be a drag on the real estate market, holding Stuart 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.
Stuart's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stuart during the period has been just -1.62%, which is lower than 80% of US communities.
Appreciation rates are so strong in Stuart that despite a nationwide downturn in the housing market, Stuart real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stuart appreciation rates continue to be some of the highest in America, at 10.19%, which is higher than appreciation rates in 94.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stuart. Stuart appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.88%.
Relative to Florida, our data show that Stuart'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 Stuart differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stuart - 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 Stuart real estate investment or home purchase decisions.
|$1,015,001 - $1,353,000||0.5|
|$677,001 - $1,015,000||1.8|
|$541,001 - $677,000||2.2|
|$406,001 - $541,000||4.7|
|$271,001 - $406,000||10.9|
|$135,001 - $271,000||30.4|
|$68,001 - $135,000||28.2|
|$0 - $68,000||20.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Stuart HOMES|
|2000 or Newer||13.8|
|1970 - 1999||69.0|
|1940 - 1969||14.8|
|1939 or Older||2.4|
|TYPE OF Stuart HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Stuart HOMES|
|5 or more bedrooms||0.64|