Gorgeous, alluring and set right beside the beach, Port St. Lucie, Florida, is where many people dream of living. It doesn't just have to be a dream, though, especially with the low cost of living and even lower cost of home ownership. It's a relatively sleepy community filled with families and retirees, but it also boasts a number of interesting attractions, not the least of which is the Atlantic Ocean. Additionally, there's the Spring Run Golf Club for active folks, the Village Green Shopping Center for fashion fans, and the Torrey Pines Institute for Molecular Studies, which will bring in up to 30,000 new jobs for this city. Port St. Lucie is also beloved for its excellent schools, low crime and attentive law enforcement. It's these reasons and more that have led to the population explosion, an 85 percent increase since 2000.
Check out 300 Port St. Lucie, FL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Housing Statistics The median price for a home in Port St. Lucie is about $97,900, which is well below the national average. This city has lots of gated communities and subdivisions that are attractive and cater to elevated income levels, and yet they're affordable. For those individuals interested in home ownership but not yet ready to invest, rent to own houses can skip the wastefulness of renting by investing in a value-accruing structure. Port St. Lucie is popular with homeowners first; they make up 67 percent, with renters taking up 20.6 percent. There is a large vacancy rate for homes, at 11.6 percent. This means there are lots of properties to compare before buying. The vacancy rate for apartments is lower but still robust, at around 8 percent.
Largest Employers and Industries Port St. Lucie is not known for its expansive network of employers and industries. In fact, the unemployment rate is still unfortunately higher than the national average at around 10.5 percent. The brand new Torrey Pines Institute for Molecular Studies should help bring those numbers down in the near future. And the city is focused on bringing in new businesses to jump start the community. The St. Lucie County School District is the largest employer currently, employing 4,000 individuals. Wal-Mart is the next largest, with 2,105. Liberty Medical Supply also contributes paychecks to 1,670 workers within the city.
Weather and Climate This is Florida, so the weather is undeniably beautiful, with sunny days nearly every day of the year. It is a subtropical climate, which means there is considerable precipitation. Almost 50 percent of the days in the year see some rain, but often it is only for a brief period in the middle of the day. Rain also helps keep temperatures cooler, which is great because it can get quite hot out here. Fortunately, the beach is close, and a dip in the water is always wonderful. Summer temperatures reach into the 90s routinely, and the humidity can make it feel even hotter. Winters are mild and lovely, however, rarely dipping below 50 degrees and generally enjoying 70-degree days. Ultimately, the generally good weather has helped Port St. Lucie become a popular vacation destination, and that's why so many people are flocking to the city each year.
Neighborhoods Port St. Lucie is an entrancing location that's perfect for families. Its population is exploding, with an 85 percent increase over the last 10 years. No matter where you live in this city, you will have the advantage of being very close to a body of water, whether it's the St. Lucie River or the Atlantic Ocean. Just expect to pay a premium to get a property that actually overlooks the water.
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