2385 55th Sq, 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%.

Vero Beach links:

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 
2395 55th Sq Single Family 1,976 A
2375 55th Sq Single Family 2,287 A
2405 55th Sq Single Family 2,281 A
2370 55th Sq Single Family 2,075 A
2365 55th Sq Single Family 1,974 A
2195 55th Av Single Family 2,363 B
2355 55th Sq Single Family 2,053 A
2190 55th Av Single Family 3,009 A
2400 55th Sq Single Family 2,279 A
2415 55th Sq Single Family 2,157 A
2340 55th Sq Single Family 2,020 A
2345 55th Sq Single Family 2,125 A
2205 54th Av Single Family 1,907 B
2410 55th Sq Single Family 1,824 A
2196 56th Av Single Family 1,408 C
2215 54th Av Single Family 1,295 B
2425 55th Sq Single Family 2,191 A
2165 55th Av Single Family 2,398 B
2195 54th Av Single Family 1,246 B
2330 55th Sq Single Family 2,026 A
2160 55th Av Vacant Residential 0 L
2335 55th Sq Single Family 2,033 A
2420 55th Sq Single Family 2,047 A
2225 54th Av Single Family 1,550 C
2186 56th Av Single Family 1,103 C
2175 54th Av Vacant Residential 0 L
2435 55th Sq Single Family 2,206 A
2320 55th Sq Single Family 2,420 A
2325 55th Sq Single Family 2,252 A
2145 55th Av Single Family 2,042 B
2165 54th Av Vacant Residential 0 L
2450 55th Sq Single Family 2,075 A
2140 55th Av Single Family 2,344 B
2235 54th Av Single Family 1,250 B
2166 56th Av Single Family 1,263 B
2185 56th Av Single Family 763 C
2460 55th Sq Single Family 2,237 A
2310 55th Sq Single Family 1,964 A
2445 55th Sq Single Family 2,208 A
2315 55th Sq Single Family 2,084 A
2183 56th Av Single Family 1,333 C
2210 54th Av Single Family 2,202 B
2470 55th Sq Single Family 2,181 A
2220 54th Av Single Family 1,695 B
2245 54th Av Single Family 2,420 C
2135 54th Av Single Family 2,099 B
2125 55th Av Single Family 2,322 B
2196 54th Av Church 3,266 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 72 of all properties in this area. This suggests it would appeal to someone earning around $88,276 per year who should qualify for a mortgage between $176,552 and $220,690.

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 72 of all properties in this area. This corresponds to a rent of $1,075 per month and a monthly household income of $3,303 ($39,636 per year)

Nearby Companies

Hensley Services, Inc
2196 56 Avenue
Ryanwood Fellowship Free Will Baptist Church, Inc.
2196 54th Ave
Indian River Mission Board Of Free Will Baptist, Inc.
2196 54th Ave
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.