St. Augustine, FL
America's oldest city - history and beach demand combined
St. Augustine blends 450 years of Spanish colonial history with proximity to Ponte Vedra beaches and a thriving craft beverage scene. The historic district's narrow streets and centuries-old architecture create a distinctive listing aesthetic that converts exceptionally well. Tourism is year-round with strong event demand (Nights of Lights, Rhythm & Ribs) supporting shoulder seasons.
Across 146 active STR-viable listings analyzed this month, St. Augustine shows a 5.7% median cap rate at a $300K median list price, 51% occupancy, and $195/night. That ranks #5 of 57 markets in STRROI's live ranking. At typical prices the income covers expenses with a moderate margin; deals work best with a solid down payment or a below-market purchase.
St. Augustine real estate market right now
As of October 17, 2026, STRROI is tracking 146 homes for sale in St. Augustine that could run as short-term rentals, at a median list price of $299,900. The middle half are priced between $236K and $439K. That works out to a median of $225 per square foot for a typical 1,340 square foot home. Homes here have been on the market 101 days on average, close to the 101 days typical across the 56 markets in STRROI's ranking. 38 of them were listed in the last 30 days.
These numbers cover the homes for sale STRROI analyzes as potential short-term rentals in St. Augustine, mainly ZIP 32084. They are not every home sale in the area, so they can differ from MLS-wide figures. Month-by-month price history starts Oct 2026 and fills in as the market is re-checked each month.
What's for sale in St. Augustine right now
Of the 146 homes for sale we analyzed in St. Augustine, 46 (32%) project positive monthly cash flow with 20% down at a 7.5% rate, and 7 rate Buy or better on STRROI's 1-10 scale. 3-bedroom homes are the most common (65 for sale, median $300K). They also post the best median cap rate of any bedroom count, 6.4%, against 4.1% for 1-bedroom homes. By property type, manufactured homes lead at a 9.0% median cap rate across 13 listings.
- Strong Buy: 2
- Buy: 5
- Moderate Buy: 15
- Watch: 13
- Weak: 82
- Avoid: 29
| Beds | For sale | Median price | Cap rate |
|---|---|---|---|
| 1 | 3 | $190K | 4.1% |
| 2 | 51 | $249K | 4.9% |
| 3 | 65 | $300K | 6.4% |
| 4 | 19 | $440K | 5.7% |
| 5+ | 8 | $1.4M | 4.4% |
| Type | For sale | Median price | Cap rate |
|---|---|---|---|
| Single-family homes | 41 | $399K | 5.8% |
| Townhouses | 41 | $262K | 5.7% |
| Condos | 39 | $270K | 5.2% |
| Manufactured homes | 13 | $230K | 9.0% |
| Multi-family | 12 | $940K | 4.3% |
Top-ranked homes for sale in St. Augustine this month
Scored 1-10 against real Airbnb comps. Addresses, photos and the full underwriting are in the app.
- #1Strong Buy · 9/103 bd · 2 ba single-family homeZIP 32084 · listed at $300K
- Cap rate
- 9.8%
- Cash flow
- +$763/mo
- Nightly
- $298 at 51%
- #2Strong Buy · 9/103 bd · 2 ba manufactured homeZIP 32084 · listed at $230K
- Cap rate
- 9.3%
- Cash flow
- +$492/mo
- Nightly
- $226 at 51%
- #3Buy · 8/103 bd · 3 ba single-family homeZIP 32084 · listed at $300K
- Cap rate
- 8.7%
- Cash flow
- +$503/mo
- Nightly
- $267 at 51%
How St. Augustine compares
St. Augustine is the top-ranked of the 21 Southeast markets in STRROI's live ranking, ahead of New Orleans (5.7% cap rate). Its 5.7% cap rate is 2.8 points above the 2.9% median across all 57 ranked markets, and its $300K typical list price is cheaper than the Southeast median of $633K.
| Rank | Market | Cap rate | Typical price |
|---|---|---|---|
| #5 | St. Augustine, FL | 5.7% | $300K |
| #7 | New Orleans, LA | 5.7% | $450K |
| #9 | Savannah, GA | 5.2% | $799K |
| #11 | Key West, FL | 4.9% | $860K |
| #14 | Panama City Beach, FL | 4.4% | $465K |
| #15 | Myrtle Beach, SC | 4.4% | $315K |
| #21 | Gulf Shores, AL | 3.7% | $499K |
Rank is national, by median cap rate across active STR-viable listings. Cash flow uses STRROI's default financing assumptions. See the full ranking
Estimated Annual Performance
* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.
Why Investors Choose St. Augustine
St. Augustine STR investing, answered
Is St. Augustine, FL a good short-term rental market?
St. Augustine is a Southeast STR market with a 5.7% median cap rate, 51% annual occupancy, and $195/night across STR-viable listings, based on 146 active listings. It ranks #5 of 57 markets by median cap rate in STRROI's live ranking. This month 7 of its 146 homes for sale rate Buy or better.
What is the average Airbnb occupancy rate in St. Augustine?
STR-viable properties in St. Augustine average about 51% occupancy across the year. Peak season is Dec (Nights of Lights), Mar-May, summer. Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.
How much do short-term rentals earn in St. Augustine?
At $195/night and 51% occupancy, a typical St. Augustine STR grosses roughly $36,086 per year before expenses, leaving an estimated $21,652 in net operating income. Across analyzed listings the median cap rate is 5.7%. Individual results depend on property, amenities, and management.
What types of properties work best for STR in St. Augustine?
Among homes for sale right now, 3-bedroom homes post the strongest median cap rate by size (6.4%), and manufactured homes lead by property type (9.0%). With guests, the best-performing STR types here are Historic Home, Cottage, Single Family, Condo. Matching the local guest profile and the amenities that drive bookings matters more than raw square footage.
How many homes for sale in St. Augustine cash flow as an Airbnb?
46 of 146 STR-viable listings (32%) project positive monthly cash flow after the mortgage, assuming 20% down at a 7.5% rate on a 30-year loan. The top-ranked listing this month is a 3-bedroom single-family home in ZIP 32084 listed at $300K, projecting a 9.8% cap rate and +$763 a month.
What is the median home price in St. Augustine, FL right now?
The median list price of the 146 homes for sale STRROI tracks in St. Augustine is $299,900, and the middle half are priced between $236K and $439K. The median price per square foot is $225. These are homes that could run as short-term rentals, mainly ZIP 32084, not every sale in the area. Against a 5.7% median cap rate, that price level sets the return baseline you'd underwrite against.
How long do homes stay on the market in St. Augustine?
Homes for sale in St. Augustine have been listed 101 days on average, close to the 101 days typical across the 56 markets in STRROI's ranking. 38 of them were listed in the last 30 days.
Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 146 active listings · last updated Oct 17, 2026
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