635 Royal Palm Pl, Vero Beach
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 | |
|---|---|---|---|---|
| 645 Royal Palm Pl | Single Family | 1,980 | B |
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| 625 Royal Palm Pl | Single Family | 2,618 | B |
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| 626 Broadway | Single Family | 2,162 | B |
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| Broadway | Municipal Owned | 0 | L | |
| 616 Broadway | Single Family | 1,912 | B |
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| 636 Broadway | Single Family | 2,249 | B |
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| 615 Royal Palm Pl | Single Family | 2,101 | B |
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| 649 Royal Palm Pl | Single Family | 2,242 | B |
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| 606 Broadway | Single Family | 1,888 | B |
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| 646 Broadway | Single Family | 1,730 | B |
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| 636 Royal Palm Pl | Single Family | 2,226 | B |
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| 660 Royal Palm Pl | Single Family | 3,025 | B |
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| 656 Broadway | Single Family | 1,983 | B |
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| 584 Royal Palm Pl | Single Family | 0 | A | |
| 595 Royal Palm Pl | Single Family | 2,662 | B |
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| 670 Royal Palm Pl | Single Family | 1,865 | B |
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| 602 Broadway | Single Family | 2,431 | B |
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| 607 Broadway | Single Family | 2,152 | B |
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| 676 Royal Palm Pl | Single Family | 1,932 | B |
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| 615 Broadway | Single Family | 1,882 | B |
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| 664 Broadway | Single Family | 2,393 | B |
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| 680 Royal Palm Pl | Single Family | 1,611 | B |
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| 564 Royal Palm Pl | Single Family | 2,193 | B |
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| 601 Broadway | Single Family | 2,331 | B |
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| 602 Wall St | Single Family | 2,421 | B |
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| 615 Catalina St | Single Family | 2,968 | B |
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| 655 Catalina St | Single Family | 2,795 | B |
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| 610 Wall St | Single Family | 2,317 | B |
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| 595 Catalina St | Single Family | 2,650 | A |
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| 676 Broadway | Single Family | 2,263 | B |
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| 631 Broadway | Single Family | 2,209 | B |
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| 686 Royal Palm Pl | Vacant Residential | 0 | L | |
| 554 Royal Palm Pl | Single Family | 2,408 | B |
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| 695 Royal Palm Pl | Single Family | 2,854 | B |
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| 675 Catalina St | Single Family | 2,538 | B |
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| 616 Wall St | Single Family | 1,629 | B |
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| Catalina St | Vacant Residential | 0 | L |
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 71 of all properties in this area. This suggests it would appeal to someone earning around $86,123 per year who should qualify for a mortgage between $172,246 and $215,308.
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 71 of all properties in this area. This corresponds to a rent of $1,058 per month and a monthly household income of $3,275 ($39,300 per year)
Nearby Companies
664 Broadway St
661 Broadway St
625 Royal Palm Pl
616 Broadway St
607 Broadway