The story of this market
The typical home in ZIP 34950 sells for about $191,948, or $191 per square foot.
Prices are down 8.1% from a year ago, which gives buyers more room to negotiate. Homes take about 83 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,151 a month.
ZIP 34950 — Fort Pierce
The 34950 housing market is currently experiencing a downturn with home values declining 8.1% year-over-year. High vacancy rates and significant economic headwinds, including elevated poverty and unemployment, create a challenging environment for both homeowners and investors.
This ZIP is primarily suited for experienced local investors who can manage higher overhead and tenant risk, rather than passive or remote landlords.
Median prices moved down 8.1% year over year.
Homes spend a median of 83 days on market with 4.0 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 94.6% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 17.8% · poverty 40.5% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 34950, St. Lucie County FL
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
The rental market shows high vacancy pressure at 14.6% and elevated tenant risk due to higher unemployment and poverty rates in the area.
The local economy faces challenges with elevated unemployment and poverty rates, impacting the stability of the housing and rental market.
Data retrieved from data.census.gov and local market scorecards.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.