Port St. Lucie ranked 15th in the rating of best US real estate markets

Port St. Lucie ranked 15th in the rating of best US real estate markets

According to a study by WalletHub, a Washington online platform, Port St. Lucie became one of the best places in which to purchase residential property this year. The city ranked 15th in the rating.

The Best Real Estate Markets rating compared 300 cities by a 100-point score taking into account 17 economic and real estate factors, including affordability of housing, the median number of days on market, and many others.

With a total score of 70.89, Port St. Lucie was the best-performing Florida municipality. According to the study, the city also ranked 5th in the nationwide Affordability and Economic Environment rating.

Although prices have begun to stabilize lately, the median value of a single-family house in St. Lucie County grew by 24.1% last year and is still at a record high this year, having peaked at $399,000 in June.

Residential property markets that performed well in this study present good investment opportunities for long-term growth and profit.

Orlando became the second-highest city included in the study. It was in the 40th place with an overall score of 64.91. Tampa (45), Cape Coral (55), Davie (64), Palm Bay (70), Lakeland (76), Miramar (93), Miami (98), West Palm Beach (99), and Saint Petersburg (100) also made it to the top 100.

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