Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 18,253 people, 7,852 houses or apartments, and a median cost of homes of $409,900, Stuart real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Stuart, accounting for 56.86% of the city's housing units. Other types of housing that are prevalent in Stuart include single-family detached homes ( 31.22%), duplexes, homes converted to apartments or other small apartment buildings ( 7.04%), and a few row houses and other attached homes ( 4.23%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Stuart primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Stuart has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Stuart built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Stuart built between 2000 and later ( 19.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.81%). There's also some housing in Stuart built before 1939 ( 6.26%).
Vacant housing appears to be an issue in Stuart. Fully 20.85% of the housing stock is classified as vacant. Left unchecked, vacant Stuart homes and apartments can be a drag on the real estate market, holding Stuart real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Stuart has experienced some of the highest home appreciation rates of any community in the nation. Stuart real estate appreciated 178.78% over the last ten years, which is an average annual home appreciation rate of 10.80%, putting Stuart in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Stuart definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Stuart appreciation rates have trailed the rest of the nation. In the last twelve months, Stuart's appreciation rate has been 3.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stuart were at -0.10%, which equates to an annual appreciation rate of -0.40%.
Notably, Stuart's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Stuart's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Stuart differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stuart - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Stuart real estate investment or home purchase decisions.
$409,900
for Florida
for nation
7,852
$2,276 / per month