Fort Pierce, FL Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Pierce, FL Housing Market Trends

With a population of 46,103, 16,718 total housing units (homes and apartments), and a median house value of $169,757, house prices in Fort Pierce are solidly below the national average.

Single-family detached homes are the single most common housing type in Fort Pierce, accounting for 39.58% of the city's housing units. Other types of housing that are prevalent in Fort Pierce include large apartment complexes or high rise apartments ( 33.00%), duplexes, homes converted to apartments or other small apartment buildings ( 19.16%), and a few row houses and other attached homes ( 5.71%).

People in Fort Pierce primarily live in small (one, two or no bedroom) single-family detached homes. Fort Pierce has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Fort Pierce 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 Fort Pierce built between 1940-1969 ( 27.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.73%). There's also some housing in Fort Pierce built before 1939 ( 4.61%).

Vacant housing appears to be an issue in Fort Pierce. Fully 22.53% of the housing stock is classified as vacant. Left unchecked, vacant Fort Pierce homes and apartments can be a drag on the real estate market, holding Fort Pierce 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.

Fort Pierce Home Appreciation Rates

In the last 10 years, Fort Pierce has experienced some of the highest home appreciation rates of any community in the nation. Fort Pierce real estate appreciated 116.35% over the last ten years, which is an average annual home appreciation rate of 8.02%, putting Fort Pierce in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Pierce definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Fort Pierce that despite a nationwide downturn in the housing market, Fort Pierce real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Pierce appreciation rates continue to be some of the highest in America, at 15.08%, which is higher than appreciation rates in 95.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Pierce. Fort Pierce appreciation rates in the latest quarter were at 3.82%, which equates to an annual appreciation rate of 16.18%.

Importantly, this makes Fort Pierce 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 Fort Pierce's latest annual appreciation rate is higher than 90% 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 Fort Pierce differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Pierce - 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 Fort Pierce real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$169,757

Fort Pierce, FL HOME PRICES

> $1,444,000
0.6%
0.6%
$1,083,001 - $1,444,000
1.8%
1.8%
$722,001 - $1,083,000
1.6%
1.6%
$577,001 - $722,000
3.0%
3.0%
$433,001 - $577,000
4.1%
4.1%
$289,001 - $433,000
10.9%
10.9%
$145,001 - $289,000
33.4%
33.4%
$72,001 - $145,000
29.5%
29.5%
$0 - $72,000
15.0%
15.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
16,718

Fort Pierce Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
145.01% 4.26%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,454 / per month

Homeownership Rate

Owners
45.4%
45.4%
Renters
54.6%
54.6%
Vacant
22.5%
22.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.7%
18.7%
1970 - 1999
48.8%
48.8%
1940 - 1969
27.8%
27.8%
1939 or Older
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
39.6%
39.6%
Townhomes
5.7%
5.7%
Small Apt. Buildings
19.2%
19.2%
Apt. Complexes
33.0%
33.0%
Mobile Homes
2.5%
2.5%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.5%
3.5%
1 Bedroom
9.6%
9.6%
2 Bedrooms
50.3%
50.3%
3 Bedrooms
31.1%
31.1%
4 Bedrooms
5.2%
5.2%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES