There’s a price for popularity — about $2,415.
The average monthly mortgage payment in St. Augustine’s 32084 area code has soared by an estimated 214% since 2014, according to the Reventure real estate data clearinghouse.
A decade ago, the average monthly mortgage outlay in the nation’s oldest city was just $769, according to the site.
But soaring demand for property in the historic town in recent years — especially during the COVID-19 pandemic — have pushed prices skyward.
Rising interest rates have also contributed to the increase, relegating many would-be buyers to the sidelines for the time being.
The median listing price for a home in the zip code stood at $429,500 in July — down from $450,000 from the same month last year but up from $295,968 in July 2019.
