The story of this market
The typical home in ZIP 34988 sells for about $400,000, or $243 per square foot.
Prices are down 2.7% from a year ago, which gives buyers more room to negotiate. Homes take about 75 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,572 a month.
ZIP 34988 — Port St. Lucie
The Port St. Lucie housing market is currently in a balanced state, characterized by a slight year-over-year decline in median prices and a moderate supply of inventory. Buyers are finding more room to negotiate as days on market have increased, reflecting a shift toward a more buyer-leaning environment. These trends are largely driven by broader economic adjustments and the ongoing stabilization of the regional real estate market.
This area primarily serves family buyers and commuters seeking suburban housing options with access to master-planned amenities, though it also attracts investors looking for rental opportunities.
Median prices moved down 2.7% year over year.
Homes spend a median of 75 days on market with 4.0 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
unemployment 0.0% · poverty 0.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
The area faces significant wind and flood exposure typical of the Florida Treasure Coast, leading to a challenging property-insurance environment with rising premiums.
Development is driven by the expansion of the Tradition master-planned community and ongoing infrastructure improvements to support the growing population in St. Lucie County.
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 is currently experiencing a cooling trend with a slight decline in median asking rents and increased vacancy pressure compared to previous years.
The local economy is anchored by healthcare, retail, and professional services, with significant momentum from the continued build-out of the Tradition commercial corridor.
The area is primarily served by I-95 and Florida's Turnpike, providing the main transit corridors for regional commuting.
Major development activity is concentrated in the Tradition area, featuring ongoing residential and mixed-use expansion projects.
The St. Lucie County Property Appraiser manages assessments, focusing on market value adjustments and the administration of state-mandated exemptions.
Parcels in this area are subject to various special districts, including community development districts (CDDs) for infrastructure maintenance and local utility service districts.
The property-insurance market remains tight due to regional hazard exposure, with many homeowners facing rising premiums and limited carrier options.
ZCTA 34988 is designated as a P.O. Box ZIP code with no residential population reported in standard census datasets.
- Sailfish Splash Waterpark4.414.5 mi
- Urban Air Trampoline and Adventure Park4.46.4 mi
- Children's Museum of the Treasure Coast4.513.5 mi
- Sky Zone Trampoline Park4.50.4 mi
- Elev8 Fun4.59.8 mi
- Clover Park4.60.6 mi
- Conchy Joe's Seafood4.311.8 mi
- Hutchinson Shores Resort & Spa4.613.8 mi
- Waterfront4.712.3 mi
- St Lucie County Fair4.56.1 mi
- Dave & Buster's Port St. Lucie4.64 mi
- Port St. Lucie Botanical Gardens4.76.4 mi
- AMC Port St Lucie 143.50.3 mi
- Regal Treasure Coast Mall4.39.7 mi
- Urban Air Trampoline and Adventure Park4.46.4 mi
- The National Navy UDT-SEAL Museum4.813.9 mi
- Elliott Museum4.715.8 mi
- Children's Museum of the Treasure Coast4.513.5 mi
- Manatee Center4.410.6 mi
- The Mansion at Tuckahoe4.813.4 mi
- Port St. Lucie Botanical Gardens4.76.4 mi
- Whispering Pines Park4.65.6 mi
- Jetty Park4.712.7 mi
- Sportsman's Park4.53.4 mi
- Pioneer Park4.76.3 mi
- Pirate’s Cove Resort and Marina4.317.4 mi
- Fort Pierce City Marina4.510.5 mi
- Causeway Cove4.611.3 mi
- The Moorings Yacht & Country Club4.819.8 mi
- Safe Harbor Harbortown4.511 mi
- PGA Golf Club at PGA Village4.31.5 mi
- The Saints at Port St. Lucie Golf Course4.17.5 mi
- Gator Trace Golf & Country Club4.67.3 mi
- The Champion Turf Club at St. James4.23.8 mi
- Martin Downs Golf Club and Resort3.711.7 mi
- Vero Beach Regional Airport4.323.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.