Port St. Lucie, FL

Population: 16,078
Average annual home appreciation rate: 21.63%
Total of homes for sale in this market: 1006
Median home price: $177,574
Median Rent: $1,326
Home price range: 49.30% of homes are between $134,001 – $268,000
Median sales price: $89,950
Number of homes: 450
Median foreclosure sales price: $99,350
Foreclosure discount: Still Gathering Data
Most common home type: 87.41% of homes are single family detached
Number of vacant homes: 15.80%
Number of renters: 20.74%
Number of owner occupied: 79.26%
Number people living below poverty level: 13.76%
Unemployment rate: 5.10%
Is this area perfect for real estate deals going on right now? Data shows that Port St Lucie could be a ‘perfect storm’ when it comes to real estate investing… 1. Overall home prices are low. 2. Rental rates per room are high. 3. MULTIPLE vacant houses available on the market. (Motivated sellers owning these properties are usually very willing to make deals for cash.) 4. 3X’s the amount of troubled properties available than there are regular homes for sale. 5. One of the nation’s highest home appreciation rates. Great things could happen for the savvy investor in this market.

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