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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | St. Lucie County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,021 | $293,727 | $242,182 |
| Price Trend (Annual %) | 10.8% | 12.0% | 8.2% |
| Median Gross Rent | $1,488 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Lucie County is about 18% lower than in Florida. Rent is about 5% lower 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 St. Lucie County, up about 10.8% and 5.5% a year respectively. Home prices are changing faster.
Median rent in St. Lucie County rose about 50.0% between 2015 and 2023, from $992 to $1,488. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in St. Lucie County.
Buying the median-priced home in St. Lucie County costs roughly 13.5 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 St. Lucie County. The price-to-rent ratio in Florida is about 15.7.
| Metric | St. Lucie County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,021 | $293,727 | $242,182 |
| Median Household Income | $69,413 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.5 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in St. Lucie County rose about 116.5%, while median household income rose about 48.9% 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 | St. Lucie County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 57.1% | 58.2% |
| Rental Rate | 19.0% | 27.7% | 31.3% |
| Vacancy Rate | 15.0% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
St. Lucie County has a homeownership rate of 66.0%, higher than the Florida average of 57.1%. Its housing vacancy rate is 15.0%, compared with 15.2% in Florida.
Housing Stock
| Metric | St. Lucie County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1992 | 1987 | 1978 |
| Median Number of Rooms | 5.8 | 5.2 | 5.5 |
The typical housing unit in St. Lucie County was built around 1992. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Lucie County, Florida.
What is the median home price in St. Lucie County, Florida?
The median home price in St. Lucie County, Florida is $241,021, lower than the Florida average of $293,727.
What is the average home price in St. Lucie County, 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 St. Lucie County, Florida?
The median gross rent in St. Lucie County, Florida is $1,488 per month, lower than the Florida average of $1,564.
What was the median gross rent in St. Lucie County in 2020?
In 2020, the median gross rent in St. Lucie County, Florida was $1,213 per month.
What is the price-to-rent ratio in St. Lucie County, Florida?
The price-to-rent ratio in St. Lucie County, Florida is about 13.5, meaning it would take roughly 13.5 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 St. Lucie County.
Are home prices or rent rising faster in St. Lucie County, Florida?
Both home prices and rent are rising in St. Lucie County, up about 10.8% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Lucie County, Florida?
66.0% of households in St. Lucie County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in St. Lucie County, Florida?
The housing vacancy rate in St. Lucie County, Florida is 15.0%, lower than the Florida average of 15.2%.