We also show how each city, town or neighborhood's appreciation rate compares Period (e.g., last 5-years: 84% total appreciation, Avg. We show both the cumulativeĪppreciation rate, and the average annual appreciation rate for each time Or neighborhood over the latest quarter, the last year, 2-years, 5-years,ġ0-years, and even from 2000 to present. Percentage change in the resale value of existing homes in that city, town NeighborhoodScout has calculated and provides home appreciation rates as a NeighborhoodScout reveals the home appreciation rates for every city, town, 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.Īppreciation Rates NeighborhoodScout's ® Exclusive Home Appreciation Rates Individual neighborhoods within Fort Pierce differ in their investment potential, sometimes by a great deal. One very important thing to keep in mind is that these are average appreciation rates for the city. 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. in the latest quarter, which may signal the city’s near-future real estate investment strength. Importantly, NeighborhoodScout’s exclusive research found that Fort Pierce's housing market shows one of the top real estate appreciation rates in the U.S.A. Fort Pierce appreciation rates in the latest quarter were at 11.56%, which equates to an annual appreciation rate of 54.89%. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Pierce. Looking at just the latest twelve months, Fort Pierce appreciation rates continue to be some of the highest in America, at 28.87%, which is higher than appreciation rates in 96.28% of the cities and towns in the nation.
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.Īppreciation 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.
Fort Pierce real estate appreciated 149.81% over the last ten years, which is an average annual home appreciation rate of 9.59%, putting Fort Pierce in the top 10% nationally for real estate appreciation. In the last 10 years, Fort Pierce has experienced some of the highest home appreciation rates of any community in the nation. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. 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. Fully 22.02% of the housing stock is classified as vacant. Vacant housing appears to be an issue in Fort Pierce. There's also some housing in Fort Pierce built before 1939 ( 5.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.53%). There is also a lot of housing in Fort Pierce built between 1940-1969 ( 26.26%). 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. Fort Pierce has a mixture of owner-occupied and renter-occupied housing. People in Fort Pierce primarily live in small (one, two or no bedroom) single-family detached homes. Other types of housing that are prevalent in Fort Pierce include large apartment complexes or high rise apartments ( 32.55%), duplexes, homes converted to apartments or other small apartment buildings ( 21.09%), and a few row houses and other attached homes ( 5.09%).
Single-family detached homes are the single most common housing type in Fort Pierce, accounting for 38.68% of the city's housing units. With a population of 47,297, 16,687 total housing units (homes and apartments), and a median house value of $187,704, house prices in Fort Pierce are solidly below the national average.
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