7903 Penny Ln, St Lucie County
Indian River County Real Estate - Vero Beach
Vero Beach is in South East Florida. It's population as recorded in the 2010 Census was 15,220. Vero Beach is approximately 25 miles from Port Saint Lucie (population 164,603) and around 30 miles from Palm Bay (population 103,190).
The median age for residents of Vero Beach is 50.9. Around 18.5% of Vero Beach households include school aged children and 42.3% of households include individuals aged 65 years or over. Census records indicate 87.4% of the Vero Beach population are White, 4.8% are Black or African American, .2% American Indian, 1.8% Asian and 1.7% are Two or more Races.
There are 10,258 housing units in Vero Beach. 2,753 (26.8%) of these were reported as vacant in the 2010 Census. Vero Beach is a tourist destination, 41.4% (1,141) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 3,741 residential rental units in Vero Beach. 2,828 of them were occupied in 2010 providing a residential rental vacancy rate of 23.7%.
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Indian River County
Indian River County is part of the southeast region of Florida, along with St. Lucie, Miami-Dade, Palm Beach, Broward, Martin, and Monroe counties. Cities in Indian River County are Vero Beach (county seat), Sebastian, Fellsmere, Indian River Shores, and Orchid. The county?s population is over 135,000 people. Indian River is one of the wealthiest counties in the state and in the nation.
Indian River County has targeted clean energy, information technology, aviation/aerospace, and financial/professional services as its industries for expansion. Major private sector employers are Indian River Medical Center, Publix Supermarkets, Piper Aircraft Inc., Sebastian River Medical Center, and John's Island. Public sector employers are School District of Indian River County, Indian River County, City of Vero Beach, and City of Sebastian.
As with most counties along the treasure coast, tourism is a major industry. Agriculture also plays a large part in Indian River County's economy. Resources produced here include citrus, beef, and honey. Because so much of the economy revolves around agriculture, unemployment is often high in summer months.
The most populous city is Sebastian, home to 22,000. Sebastian Airport is headquarters for Velocity Aircraft. The city is also home to an Indian River State College campus.
Over 15,000 people live in Vero Beach, the seat of Indian River County. One of the largest employers in the county is Piper Aircraft, which maintains their general aviation production facility and headquarters in the city. Vero Beach is a tourist destination, known for golfing, fishing, and surfing. It also hosts a Disney resort.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 7905 Penny Ln | Single Family | 1,128 | B |
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| 7901 Penny Ln | Vacant Residential | 0 | L | |
| 8001 Penny Ln | Single Family | 1,020 | B |
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| 6705 Little Way | Single Family | 1,582 | B |
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| 6616 Fort Pierce Blvd | Single Family | 2,028 | B |
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| 7904 Penny Ln | Single Family | 1,454 | B |
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| 7906 Penny Ln | Vacant Residential | 0 | L | |
| 8003 Penny Ln | Single Family | 1,792 | B |
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| 6618 Fort Pierce Blvd | Single Family | 1,554 | B |
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| 7807 Penny Ln | Single Family | 1,140 | B |
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| 7806 Penny Ln | Single Family | 1,196 | B |
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| 6701 Little Way | Single Family | 1,582 | B |
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| 8000 Penny Ln | Single Family | 1,439 | B |
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| 7806 Belleair Ave | Single Family | 1,520 | B |
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| 8005 Penny Ln | Single Family | 1,165 | B |
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| 6620 Fort Pierce Blvd | Single Family | 2,260 | B |
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| Penny Ln | Vacant Residential | 0 | L | |
| 7903 North Bv | Single Family | 2,136 | B |
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| 7905 North Bv | Single Family | 1,348 | B |
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| 7901 North Bv | Single Family | 1,804 | B |
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| 7804 Penny Ln | Single Family | 1,308 | B |
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| 7805 Penny Ln | Single Family | 1,030 | B |
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| 8001 North Bv | Single Family | 1,576 | B |
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| 7807 North Bv | Single Family | 1,328 | B |
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| 7804 Belleair Ave | Single Family | 1,234 | B |
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| 8007 Penny Ln | Vacant Residential | 0 | L | |
| 6622 Fort Pierce Blvd | Single Family | 1,644 | B |
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| 7802 Penny Ln | Single Family | 1,680 | B |
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| 8003 North Bv | Single Family | 1,770 | B |
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| 7805 North Bv | Single Family | 1,075 | B |
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| 8004 Penny Ln | Single Family | 1,392 | B |
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| 6617 Fort Pierce Blvd | Single Family | 1,784 | B |
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| 6619 Fort Pierce Blvd | Single Family | 2,010 | B |
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| 7802 Belleair Ave | Single Family | 1,472 | B |
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| 6615 Fort Pierce Blvd | Single Family | 1,222 | B |
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| 7803 Penny Ln | Single Family | 1,514 | B |
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| 6621 Fort Pierce Blvd | Single Family | 1,941 | B |
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| 7803 North Bv | Single Family | 1,176 | B |
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| 8005 North Bv | Single Family | 1,464 | B |
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| 7800 Penny Ln | Single Family | 1,316 | B |
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Local Household Income
The median household income in this part of Florida is $53,187. The bottom 10% of the population earn less than $17,329 per year. The top 10% earn more than $131,510 per year. The top 1% earn more than $411,299 per year. Most renters earn between $26,064 (20th percentile) and $45,348 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $106,374 and $132,968.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $972. Most renters earn between $2,172 and $3,779 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $717 (20th percentile) to $1,318 (80th percentile) range. The residential vacancy rate is 9%.
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