How much is a home worth in ZIP code 34987?

The typical home in 34987 is worth $447,596, based on the Zillow Home Value Index.

Are home values rising in 34987?

Home values in 34987 are down 4.7% over the past year, and up 4.9% a year over five years.

What is the typical rent in 34987?

A typical home in 34987 rents for about $2,497 a month, a gross rental yield of 6.7%.

What is the property tax rate in 34987?

The effective property tax rate in 34987 is 1.2% — roughly $5,180 a year on a typical home.

ZIP code 34987 has a population of 21,727 and a median household income of $90,201.

HousingHandbookReference data

…

U.S. ZIP Code · FL34987

St. Lucie County · Port St. Lucie, FL

Typical home value

$447,596^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.7%
5-year / yr: +4.9%
10-year / yr: +5.2%

Relative price

vs U.S.: +57.6%
vs metro: +16.8%
vs state: +29.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 34987 is worth $447,596 — 16.8% above the Port St. Lucie, FL median. Over the past year, values have fallen 4.7%. Homes here rent for a typical $2,497 a month — a 6.7% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,497^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,180^[3]

#Climate risk

FEMA National Risk Index ratings for St. Lucie County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively Moderate
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 21,727^[3]
Median household income: $90,201^[3]

#Migration

Household moves in and out of St. Lucie County over a year, from IRS tax-return data.

Net migration: +4,935^[5]
Moved in: 15,986
Moved out: 11,051

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 4
Elementary: 2
Middle: 0
High: 1

FAU/SLCSD PALM POINTE EDUCATIONAL RESEARCH SCHOOL @ TRADITI
Elementary · Grades K–8 · FAU LAB SCH
1,501 students
ALLAPATTAH FLATS K-8
Elementary · Grades PK–8 · ST. LUCIE
1,312 students
ST. LUCIE VIRTUAL INSTRUCTION PROGRAM
Other · Grades K–12 · ST. LUCIE
13 students
MOSAIC DIGITAL ACADEMY (ST. LUCIE VIRTUAL FRANCHISE) PT
High · Grades 6–12 · ST. LUCIE
0 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$29,961

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,263

Loan principal$358,077

Down payment$89,519

Total interest paid$456,707

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.23

Monthly cost to own$3,069

Monthly rent$2,497

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 19th percentile^[1]
Rental yield: 24th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 34987?: The typical home in 34987 is worth $447,596, based on the Zillow Home Value Index.
Are home values rising in 34987?: Home values in 34987 are down 4.7% over the past year, and up 4.9% a year over five years.
What is the typical rent in 34987?: A typical home in 34987 rents for about $2,497 a month, a gross rental yield of 6.7%.
What is the property tax rate in 34987?: The effective property tax rate in 34987 is 1.2% — roughly $5,180 a year on a typical home.
Who lives in 34987?: ZIP code 34987 has a population of 21,727 and a median household income of $90,201.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

34997 vs 34987 →
Port Salerno CDP, FL
Typical home
$427,090
Gross yield
5.8%
34996 vs 34987 →
Stuart, FL
Typical home
$425,310
Gross yield
9.0%
34957
Jensen Beach CDP, FL
Typical home
$417,034
Gross yield
7.2%
34949
Fort Pierce, FL
Typical home
$411,775
Gross yield
7.6%
34945
Port St. Lucie, FL
Typical home
$408,566
Gross yield
—
34953
Port St. Lucie, FL
Typical home
$397,670
Gross yield
7.9%

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Compare ZIPs

Pit ZIP 34987 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL34987

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