Indian river County, Florida
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.
Indian River County Florida Cities
There are 6 cities in Indian River County Florida. These are listed below. Click on a link for details.
Fellsmere, Roseland, Sebastian, Vero Beach, Wabasso, Winter Beach,
Indian River County has a population of approximately 140,567 people. The population increased 1.8% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Indian River County is 502.87 square miles and had a population density of 274.5 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 76,251 housing units in Indian River County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Indian River County has a 76.3% homeownership rate compared to Florida's rate of 69.0%. Indian River County's medium household income in 2011 was $46,363, which is lower than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Indian River County | 140,567 | $2,455 | 1.8% | $46,363 | 76,251 | $179,300 |
13.4% of the population in Indian River County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Indian River County Census Data
- University of Florida Bureau of Economic and Business Research - Indian River County
Indian River County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Indian River County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $2,455 million, Indian River County's economic activity represents 0.39% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $413 | 16.8% |
| Merchant wholesaler sales | $0 | 0.0% |
| Retail sales | $1,852 | 75.4% |
| Accommodation and food services sales | $191 | 7.8% |
| Total | $2,455 | 100% |
Indian River County Regional Comparisons
Indian River County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Indian River County represents 1.0% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Indian River County | 140,567 | $2,455 | 1.8% | $46,363 | 76,251 | $179,300 |
| St. Lucie County | 283,866 | $5,576 | 2.2% | $44,947 | 137,581 | $157,600 |
| Martin County | 148,817 | $4,347 | 1.7% | $53,612 | 78,356 | $238,200 |
| Palm Beach County | 1,356,545 | $38,668 | 2.8% | $52,951 | 668,159 | $236,600 |
| Broward County | 1,815,137 | $73,668 | 3.8% | $51,782 | 810,795 | $225,300 |
| Miami-Dade County | 2,591,035 | $110,643 | 3.8% | $43,957 | 990,558 | $246,800 |
| Monroe County | 74,809 | $2,136 | 2.4% | $53,889 | 52,552 | $463,100 |
| Total | 6,410,776 | $237,494 | 2.6% | $49,643 | 2,814,252 | $249,557 |
Indian River Real Estate
There are 69,990 properties in Indian River County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 1,012 | 1.45 | 2 | $6,793,500 | $9,947 | February 1st, 2013 | February 1st, 2013 |
| Commercial Property | 0 | 0.00 | 38 | $437,500 | $106 | January 1st, 2013 | September 1st, 2013 |
| Government Property | 801 | 1.14 | 5 | $85,000 | $43 | February 1st, 2013 | August 1st, 2013 |
| Residential Property | 0 | 0.00 | 3,596 | $115,000 | $65 | January 1st, 2013 | September 1st, 2013 |
Agricultural Real Estate in Indian River County, Florida
1,012( 1.45%) of the properties in Indian River County are classified as Agricultural. 2 of them sold between February 1st, 2013 and February 1st, 2013. The total value of these sales was $13,587,000. The median sales price was $6,793,500. In 2013 the median sales price for Agricultural in Indian River County was $9,947 per sq ft.
Commercial Real Estate in Indian River County, Florida
0( .00%) of the properties in Indian River County are classified as Commercial. 38 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $40,012,956. The median sales price was $437,500. In 2013 the median sales price for A Class Commercial Property in Indian River County was $294 per sq ft, B Class properties sold for $106/ft and C Class $43/ft.
Government Real Estate in Indian River County, Florida
801( 1.14%) of the properties in Indian River County are classified as Government. 5 of them sold between February 1st, 2013 and August 1st, 2013. The total value of these sales was $435,900. The median sales price was $85,000. In 2013 the median sales price for Government Property in Indian River County was $43 per sq ft.
Residential Real Estate in Indian River County, Florida
0( .00%) of the properties in Indian River County are classified as Residential. 3,596 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $761,844,338. The median sales price was $115,000. In 2013 the median sales price for A Class Residential Property in Indian River County was $166 per sq ft, B Class properties sold for $65/ft and C Class $34/ft.
Additional Details:
Indian River Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 1,089 | 1,455,909 |
| Government Property | 832 | 7,019,519 |
| Health Care | 10 | 441,314 |
| Hotel & Motel | 563 | 926,419 |
| Industrial | 463 | 6,589,058 |
| Land | 14,425 | 498,203 |
| Miscellaneous Property | 99 | 640,220 |
| Mobile/Manufactured | 1,300 | 1,341,048 |
| Multifamily | 788 | 5,200,151 |
| Office | 413 | 3,052,848 |
| Residential | 65,005 | 125,576,088 |
| Retail | 831 | 9,225,467 |
| Senior Housing | 30 | 1,888,743 |
| Special Purpose | 330 | 3,032,933 |
| Sports & Entertaining | 64 | 658,725 |