Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Port St. Lucie | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $322,334 | $293,727 | $242,182 |
| Price Trend (Annual %) | 12.0% | 12.0% | 8.2% |
| Median Gross Rent | $1,793 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Port St. Lucie is about 10% higher than in Florida. Rent is about 15% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Port St. Lucie, up about 12.0% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Port St. Lucie rose about 53.3% between 2015 and 2023, from $1,169 to $1,793. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Port St. Lucie.
Buying the median-priced home in Port St. Lucie costs roughly 15.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Port St. Lucie. The price-to-rent ratio in Florida is about 15.7.
| Metric | Port St. Lucie | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $322,334 | $293,727 | $242,182 |
| Median Household Income | $78,969 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.1 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Port St. Lucie rose about 170.8%, while median household income rose about 51.3% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Port St. Lucie | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.2% | 57.1% | 58.2% |
| Rental Rate | 15.4% | 27.7% | 31.3% |
| Vacancy Rate | 8.4% | 15.2% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Port St. Lucie has a homeownership rate of 76.2%, higher than the Florida average of 57.1%. Its housing vacancy rate is 8.4%, compared with 15.2% in Florida.
Housing Stock
| Metric | Port St. Lucie | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 2000 | 1987 | 1978 |
| Median Number of Rooms | 6.1 | 5.2 | 5.5 |
The typical housing unit in Port St. Lucie was built around 2000. On average, 2.8 people live in a home with about 6.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Port St. Lucie, Florida.
What is the median home price in Port St. Lucie, Florida?
The median home price in Port St. Lucie, Florida is $322,334, higher than the Florida average of $293,727.
What is the average home price in Port St. Lucie, Florida?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Port St. Lucie, Florida?
The median gross rent in Port St. Lucie, Florida is $1,793 per month, higher than the Florida average of $1,564.
What was the median gross rent in Port St. Lucie in 2020?
In 2020, the median gross rent in Port St. Lucie, Florida was $1,485 per month.
What is the price-to-rent ratio in Port St. Lucie, Florida?
The price-to-rent ratio in Port St. Lucie, Florida is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Port St. Lucie.
Are home prices or rent rising faster in Port St. Lucie, Florida?
Both home prices and rent are rising in Port St. Lucie, up about 12.0% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Port St. Lucie, Florida?
76.2% of households in Port St. Lucie, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Port St. Lucie, Florida?
The housing vacancy rate in Port St. Lucie, Florida is 8.4%, lower than the Florida average of 15.2%.