Fort Pierce, FL—34947
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Pierce, FL
As of Oct '25, the median home price in Fort Pierce, FL is $271,000, with a year-over-year change of -3.1%. This indicates that home prices in Fort Pierce, FL are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | -3.1% |
| Single Family | $271,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $183,000 | -5.2% |
3 Bed | $276,000 | -3.2% |
4 Bed | $346,000 | -2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fort Pierce, FL
As of July '25, Rentcast reports the average rent in Fort Pierce, FL is $2,280, with a year-over-year rent change of 10.1%. Per bedroom, the median rent as of July '25 in Fort Pierce, FL is 1-bedrooms: $1,480, 2-bedrooms: $1,510, 3-bedrooms: $2,380, 4-bedrooms: $2,480. The most common rental property sizes in Fort Pierce, FL are 2-bedroom and 3-bedroom, accounting for 41.9% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,440 | $1,480 |
| 2 Bed Rent | $1,500 | $1,510 |
| 3 Bed Rent | $2,300 | $2,380 |
| 4 Bed Rent | $2,440 | $2,480 |
% of Rental Stock
Property Listings — Fort Pierce, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Pierce, FL is 72. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | -9.0% |
Listing Count | 102 | 32.0% |
| Listings as % of Homes | 0.8% | 32.0% |
Days on Market | 72 | -4.0% |
Demographics — Fort Pierce, FL
As of the latest ACS Survey released in 2023, Fort Pierce, FL has a population of 13,200, which has remained stable by 0.0% over the past 5 years. Fort Pierce, FL is a popular place for families, as children make up 29.5% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | 0.0% |
% Under 18 | 29.5% | 1.0% |
% Seniors | 13.9% | 17.8% |
% WFH | 7.9% | 146.9% |
% w/ College Degree | 18.9% | 71.8% |
As of the latest ACS Survey released in 2023, Fort Pierce, FL is a predominantly black area, with 51.7% of the population identifying as black. The black population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Fort Pierce, FL is hispanic, making up 22.3% of the population. Foreign-born residents account for 16.4% of the population in Fort Pierce, FL, and this percentage has increased by 17.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 17.4% | -31.5% |
% Black | 51.7% | -6.2% |
% Hispanic | 22.3% | 36.0% |
% Asian | 5.1% | 410.0% |
% Foreign Born | 16.4% | 17.1% |
Mortgage and Risk — Fort Pierce, FL
According to HUD data as of 2023, there were 490 mortgage originations in Fort Pierce, FL, of which 47.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Fort Pierce, FL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 490 |
% Conventional Loans | 47.0% |
% Government Loans | 53.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Fort Pierce, FL
As of 2024, the percent of homes in Fort Pierce, FL under the Section 8 program is 16.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fort Pierce, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 763 |
Total Units Section 8 | 389 |
% Rentals under Section 8 | 16.7% |
% Occupied Section 8 | 81.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,440 | $1,160 |
| 2 Bedroom | -$80 | $1,500 | $1,420 |
| 3 Bedroom | -$340 | $2,300 | $1,960 |
| 4 Bedroom | -$250 | $2,440 | $2,190 |
Affordability — Fort Pierce, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $271,000 |
| Median Household Income | $45,000 |