Indian River County Real Estate - Wabasso

Wabasso is in South East Florida. It's population as recorded in the 2010 Census was 609. Wabasso is approximately 33 miles from Port Saint Lucie (population 164,603) and around 22 miles from Palm Bay (population 103,190).

The median age for residents of Wabasso is 52. Around 16.9% of Wabasso households include school aged children and 35.6% of households include individuals aged 65 years or over. Census records indicate 91.1% of the Wabasso population are White, 5.7% are Black or African American, .1% American Indian, .1% Asian and .6% are Two or more Races.

There are 379 housing units in Wabasso. 90 (23.7%) of these were reported as vacant in the 2010 Census. There are 123 residential rental units in Wabasso. 106 of them were occupied in 2010 providing a residential rental vacancy rate of 13.8%.

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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

AddressTypeSq FtClass 
1656 Barber St Vacant Residential 0 L
1648 Barber St Single Family 2,291 B
1561 Spinnaker Ln Single Family 2,149 B
1567 Spinnaker Ln Single Family 1,638 B
1660 Barber St Single Family 1,783 B
1644 Barber St Vacant Residential 0 L
1555 Spinnaker Ln Single Family 2,278 B
1573 Spinnaker Ln Single Family 1,984 B
1643 Barber St Vacant Residential 0 L
1649 Barber St Single Family 2,114 B
1637 Barber St Single Family 1,334 B
1664 Barber St Single Family 2,072 B
1655 Barber St Single Family 1,958 B
1579 Spinnaker Ln Single Family 2,178 B
189 Ablett Ter Vacant Residential 0 L
1640 Barber St Single Family 2,116 B
1631 Barber St Single Family 2,395 A
190 Ablett Ter Vacant Residential 0 L
1661 Barber St Single Family 1,563 B
1543 Spinnaker Ln Vacant Residential 0 L
198 Abeto Ter Single Family 2,051 B
1710 Starfish Ln Vacant Residential 0 L
1667 Barber St Single Family 2,211 B
191 Academy Ter Single Family 1,861 B
181 Ablett Ter Vacant Residential 0 L
182 Ablett Ter Single Family 2,151 B
1742 Starfish Ln Single Family 2,069 B
1670 Barber St Single Family 1,679 B
1702 Starfish Ln Single Family 1,547 B
1632 Barber St Vacant Residential 0 L
190 Abeto Ter Single Family 2,178 B
172 Academy Ter Single Family 3,732 B
1673 Barber St Single Family 2,284 B
181 Academy Ter Single Family 2,459 B
1750 Starfish Ln Single Family 2,186 B
174 Ablett Ter Single Family 1,343 B
1531 Spinnaker Ln Single Family 2,122 B
1528 Spinnaker Ln Vacant Residential 0 L
1678 Barber St Single Family 1,446 B
1626 Barber St Single Family 1,993 B
152 Academy Ter Single Family 2,826 B
182 Abeto Ter Single Family 2,521 B
165 Ablett Ter Single Family 1,944 B

Local Household Income

The median household income in this part of Florida is $56,422. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $165,349 per year. The top 1% earn more than $623,975 per year. Most renters earn between $24,468 (20th percentile) and $43,200 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $112,844 and $141,055.

The tax assessed value of this property places it in percentile 80 of all properties in this area. This suggests it would appeal to someone earning around $110,277 per year who should qualify for a mortgage between $220,554 and $275,693.

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 $848. Most renters earn between $2,039 and $3,600 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $625 (20th percentile) to $1,191 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 80 of all properties in this area. This corresponds to a rent of $1,191 per month and a monthly household income of $3,600 ($43,200 per year)

Nearby Companies

Disclaimers and Disclosures

Public Records Data

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