Real Estate Investing in Fort Pierce, Florida (34947)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34947 (Fort Pierce, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.8% of homes vacant — above national norms.
- Elevated poverty: 28.7% poverty rate — can affect rent collection.
- Lower household income: $39,375 median — tenant affordability is tighter.
What’s happening in Fort Pierce, FL (34947)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34947 Fort Pierce
ZIP 34947 in Fort Pierce, FL carries a impressive set of headwinds. Home values near $281K and rents of $2,092/mo sit inside a market where underwriting has to be tight.
On balance, the numbers look inviting — $281K purchase price, 0.0% nominal cap — the work to hit that pro forma in 34947 is substantial and deserves full respect.
Within FL, ZIP 34947 trails on several market indicators that neighboring Saint Lucie County submarkets outperform. The gap is real and robust enough to shape underwriting.
Demographically, 34947 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 34947 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fort Pierce:
Property Strategy for 34947
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $182,761 | $1,470 | 5.8% | +10.7% | $91,381 |
| 3BR | $275,972 | $2,040 | 5.3% | +9.6% | $91,991 |
| 4BR | $345,581 | $2,220 | 4.6% | +10.2% | $86,395 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34947 Compare?
| Metric | 34947 | Fort Pierce | Port St. Lucie, FL | Florida |
|---|---|---|---|---|
| Home Value | $281,358 | $308,526 | N/A | $374,697 |
| 5-Year CAGR | 6.9% | 5.4% | N/A | 7.4% |
| Avg Rent | $2,092 | $1,930 | N/A | - |
| Cap Rate | 5.8% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34947 (Fort Pierce, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $281,358 |
| Monthly Rent | $2,092 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +12.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 34947
Population: 13,192
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 34947
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CREATIVE ARTS ACADEMY OF ST. LUCIE
DAN MCCARTY MIDDLE SCHOOL
FRANCES K. SWEET ELEMENTARY SCHOOL
ST. LUCIE ELEMENTARY SCHOOL
DALE CASSENS EDUCATION COMPLEX
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,821 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Fort Pierce, FL?
Fort Pierce, FL rentals go for roughly $2,092/mo a month. That puts gross yield in solid territory relative to $281K acquisition costs.
Is the tenant base reliable in Fort Pierce, FL?
Working renters make up the core of the Fort Pierce, FL tenant base. The pool is reasonable for investors targeting long-term holds.
How expensive is real estate in Fort Pierce, FL?
Expect median prices around $281K in Fort Pierce, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Is house hacking profitable in Fort Pierce, FL?
The house hack math a challenging in Fort Pierce, FL. Owner-occupant buyers benefit from the $2,092/mo rents and $281K home values.
Is Fort Pierce, FL good for landlords?
The landlord environment in Fort Pierce, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 34947 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34947 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 34947 ranks in Port St. Lucie, FL
Every ZIP in this metro, ranked. Free.
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