FORT PIERCE, FL HOUSING MARKET TRENDS

With 49,374 people, 17,971 houses or apartments, and a median cost of homes of $313,671, Fort Pierce real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fort Pierce, accounting for 38.12% of the city's housing units. Other types of housing that are prevalent in Fort Pierce include large apartment complexes or high rise apartments ( 31.74%), duplexes, homes converted to apartments or other small apartment buildings ( 22.77%), and a few row houses and other attached homes ( 4.90%).

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 ( 24.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.82%). There's also some housing in Fort Pierce built before 1939 ( 4.40%).

Vacant housing appears to be an issue in Fort Pierce. Fully 19.28% 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 239.03% over the last ten years, which is an average annual home appreciation rate of 12.99%, 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.

Over the last year, Fort Pierce appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Pierce's appreciation rate has been 1.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Pierce were at 0.54%, which equates to an annual appreciation rate of 2.20%.

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

Relative to Florida, our data show that Fort Pierce's latest annual appreciation rate is lower 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 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.