1755 14th Av, 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 | |
|---|---|---|---|---|
| 1775 14th Av | Single Family | 1,284 | C |
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| 1785 14th Av | Professional service building | 1,242 | B |
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| 1745 14th Av | Church | 9,002 | B |
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| 1766 14th Av | Restaurant, cafeteria | 1,214 | B |
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| 1756 14th Av | Single Family | 1,023 | C |
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| 1774 14th Av | Multi-family - less than 10 units | 2,571 | B |
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| 1746 14th Av | Single Family | 1,758 | C |
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| 1797 14th Av | Mixed use - store and office or store and residential or residential combination | 2,696 | C |
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| 14th St | Vacant Commercial | 0 | L | |
| 1734 14th Av | Multi-family - less than 10 units | 1,528 | B |
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| 1316 17th Pl | Single Family | 1,096 | C |
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| 1780 14th Av | Office building, non-professional service building, one story | 1,749 | B |
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| 1777 Highland Av | Multi-family - less than 10 units | 4,820 | B |
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| 1306 17th Pl | Single Family | 1,416 | C |
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| 1705 14th Av | Office building, non-professional service building, one story | 2,675 | B |
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| 1365 18th St | Mixed use - store and office or store and residential or residential combination | 2,348 | B |
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| 1775 Highland Av | Multi-family - less than 10 units | 2,194 | B |
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| 51700 14th Av | Restaurant, cafeteria | 1,902 | C |
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| 1246 17th Pl | Single Family | 1,627 | B |
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| 1355 18th St | Office building, non-professional service building, one story | 960 | B |
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| 1723 Highland Av | Single Family | 1,392 | B |
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| 1825 14th Av | Multi-family - 10 units or more | 9,809 | C |
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| 1826 14th Av | Office building, non-professional service building, multi-story | 7,229 | B |
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| 1335 18th St | Repair service shop (excluding automotive) | 1,212 | B |
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| 1242 17th Pl | Multi-family - less than 10 units | 1,728 | B |
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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 75 of all properties in this area. This suggests it would appeal to someone earning around $96,242 per year who should qualify for a mortgage between $192,484 and $240,605.
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 75 of all properties in this area. This corresponds to a rent of $1,110 per month and a monthly household income of $3,429 ($41,148 per year)
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