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 
2250 57th Cir Condominium 1,180 B
2254 57th Cir Condominium 1,600 B
2256 57th Cir Condominium 1,070 B
2258 57th Cir Condominium 1,260 B
2260 57th Cir Condominium 1,170 B
2262 57th Cir Condominium 1,740 B
2264 57th Cir Condominium 1,100 B
2270 57th Cir Condominium 1,120 B
2268 57th Cir Condominium 825 B
2266 57th Cir Condominium 825 B
2284 57th Cir Condominium 1,180 B
2282 57th Cir Condominium 1,035 B
2280 57th Cir Condominium 1,480 B
2480 55th Sq Single Family 2,147 A
2470 55th Sq Single Family 2,181 A
2290 57th Cir Condominium 1,560 B
2286 57th Cir Condominium 1,080 B
2292 57th Cir Condominium 1,170 B
2288 57th Cir Condominium 705 B
2490 55th Sq Single Family 2,026 A
2460 55th Sq Single Family 2,237 A
2298 57th Cir Condominium 825 B
2296 57th Cir Condominium 1,140 B
2294 57th Cir Condominium 1,260 B
2500 55th Sq Single Family 1,997 A
2450 55th Sq Single Family 2,075 A
2306 57th Cir Condominium 1,480 B
2300 57th Cir Condominium 825 B
2302 57th Cir Condominium 1,100 B
2310 57th Cir Condominium 1,600 B
2308 57th Cir Condominium 1,035 B
2510 55th Sq Single Family 2,016 A
2312 57th Cir Condominium 705 B
2316 57th Cir Condominium 1,550 B
2314 57th Cir Condominium 705 B
2318 57th Cir Condominium 1,170 B
2320 57th Cir Condominium 1,740 B
2420 55th Sq Single Family 2,047 A
2322 57th Cir Condominium 1,100 B
2324 57th Cir Condominium 860 B
2445 55th Sq Single Family 2,208 A
2332 57th Cir Condominium 1,480 B
2328 57th Cir Condominium 1,100 B
2326 57th Cir Condominium 860 B
2520 55th Sq Single Family 2,164 A
2410 55th Sq Single Family 1,824 A
2435 55th Sq Single Family 2,206 A
2336 57th Cir Condominium 1,600 B
2334 57th Cir Condominium 1,035 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 25 of all properties in this area. This suggests it would appeal to someone earning around $31,638 per year who should qualify for a mortgage between $63,276 and $79,095.

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 25 of all properties in this area. This corresponds to a rent of $673 per month and a monthly household income of $2,153 ($25,836 per year)

Nearby Companies

Hensley Services, Inc
2196 56 Avenue
Disclaimers and Disclosures

Public Records Data

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