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%.

Vero Beach links:

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 
937 Jasmine Ln Vacant Residential 0 L
1608 Coral Av Single Family 1,540 A
914 Sandpiper Ln Single Family 1,737 B
1616 Coral Av Single Family 1,728 B
950 Sandpiper Ln Condominium 400 B
950 Sandpiper Ln Condominium 400 B
950 Sandpiper Ln Condominium 400 B
950 Sandpiper Ln Condominium 400 B
950 Sandpiper Ln Condominium 400 B
950 Sandpiper Ln Condominium 400 B
950 Sandpiper Ln Condominium 400 B
920 Jasmine Ln Multi-family - less than 10 units 2,912 B
916 Jasmine Ln Vacant Residential 0 L
1601 Ocean Dr Hotel or motel 13,384 B
932 Jasmine Ln Multi-family - less than 10 units 3,261 B
1605 Coral Av Single Family 2,225 B
950 Sandpiper Ln Condominium 400 B
936 Jasmine Ln Multi-family - less than 10 units 2,792 B
1615 Coral Av Single Family 1,724 B
1535 Coral Av Single Family 2,256 B
919 Sandpiper Ln Single Family 785 B
927 Sandpiper Ln Single Family 780 B
915 Jasmine Ln Single Family 1,811 B
917 Sandpiper Ln Single Family 949 B
937 Sandpiper Ln Single Family 2,105 B
917 Coquina Ln Condominium 1,400 B
917 Coquina Ln Condominium 1,400 B
917 Coquina Ln Condominium 1,400 B
917 Coquina Ln Condominium 1,400 B
917 Coquina Ln Condominium 1,400 B
1520 Coral Av Single Family 2,130 B
1616 Ocean Dr Condominium 1,402 B
910 Sandpiper Ln Single Family 1,509 B
1555 Ocean Dr Restaurant, cafeteria 3,516 B
914 Jasmine Ln Single Family 2,636 A
925 Coquina Ln Multi-family - less than 10 units 2,876 B
1621 Ocean Dr Restaurant, cafeteria 523 B
913 Jasmine Ln Single Family 1,765 B
1525 Coral Av Single Family 1,538 B
927 Coquina Ln Parking lot (commercial or patron) or mobile home park 0 L
1705 Coral Av Single Family 1,387 B
908 Sandpiper Ln Single Family 1,878 B
924 Coquina Ln Condominium 1,000 B
912 Jasmine Ln Single Family 1,612 B
917 Coquina Ln Condominium 1,400 B
911 Coquina Ln Single Family 1,774 B
919 Ocean Pl Single Family 785 B
927 Ocean Pl Single Family 1,248 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 84 of all properties in this area. This suggests it would appeal to someone earning around $123,586 per year who should qualify for a mortgage between $247,172 and $308,965.

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 84 of all properties in this area. This corresponds to a rent of $1,249 per month and a monthly household income of $3,975 ($47,700 per year)

Nearby Companies

Tone Deaf Touring LLC
917 Coquina Ln
1517 Of Ocean Drive, LLC
1517 Ocean Dr
Wickham Road Holdings, LLC
908 Sandpiper Ln
Carlisle Grand LLC
1601 Ocean Dr
Golosa, LLC
1601 S Ocean Dr
Cafusa LLC
1601 S Ocean Dr
Stroju, LLC
1621 Ocean Dr
Disclaimers and Disclosures

Public Records Data

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