Fort Pierce, FL—34950
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 $190,000, with a year-over-year change of -8.1%. This indicates that home prices in Fort Pierce, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $190,000 | -8.1% |
| Single Family | $194,000 | -8.5% |
| Condos | $162,000 | -13.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $113,000 | -13.1% |
2 Bed | $167,000 | -10.2% |
3 Bed | $220,000 | -6.8% |
4 Bed | $276,000 | -4.8% |
| 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 $1,750, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Fort Pierce, FL is studios: $1,050, 1-bedrooms: $1,550, 2-bedrooms: $1,760, 3-bedrooms: $2,080, 4-bedrooms: $1,950. The most common rental property sizes in Fort Pierce, FL are 2-bedroom and 3-bedroom, accounting for 31.1% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,750 |
| Studio Rent | $1,050 | $1,050 |
| 1 Bed Rent | $1,500 | $1,550 |
| 2 Bed Rent | $1,750 | $1,760 |
| 3 Bed Rent | $1,900 | $2,080 |
| 4 Bed Rent | $1,800 | $1,950 |
% 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 91. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $219,000 | -8.0% |
Listing Count | 100 | 17.0% |
| Listings as % of Homes | 0.9% | 17.0% |
Days on Market | 91 | 7.0% |
Demographics — Fort Pierce, FL
As of the latest ACS Survey released in 2023, Fort Pierce, FL has a population of 17,700, which has increased by 3.8% over the past 5 years. Fort Pierce, FL is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,700 | 3.8% |
% Under 18 | 22.7% | -13.0% |
% Seniors | 21.1% | 86.7% |
% WFH | 8.2% | 141.2% |
% w/ College Degree | 13.9% | 44.8% |
As of the latest ACS Survey released in 2023, Fort Pierce, FL is a predominantly black area, with 64.1% of the population identifying as black. The black population has grown by 33.5% in the last 5 years. The second most common race or ethnicity in Fort Pierce, FL is hispanic, making up 19.2% of the population. Foreign-born residents account for 23.0% of the population in Fort Pierce, FL, and this percentage has increased by 13.3% 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 | 16.8% | -30.3% |
% Black | 64.1% | 33.5% |
% Hispanic | 19.2% | -28.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 23.0% | 13.3% |
Mortgage and Risk — Fort Pierce, FL
According to HUD data as of 2023, there were 84 mortgage originations in Fort Pierce, FL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Fort Pierce, FL. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
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 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Pierce, FL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 646 |
Total Units Section 8 | 213 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 80.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,500 | $1,160 |
| 2 Bedroom | -$330 | $1,750 | $1,420 |
| 3 Bedroom | $60 | $1,900 | $1,960 |
| 4 Bedroom | $390 | $1,800 | $2,190 |
Affordability — Fort Pierce, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $190,000 |
| Median Household Income | $32,700 |