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Vero Beach, FL—32962

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$255,000
6.8% YoY Growth
Household Income
$65,100
36.7% YoY Growth
Days on Market
67
1.0% Shorter YoY
Home Price Forecast
0.7%
Median Rent
$2,000
1.0% YoY Growth
1-Bed Rent
$1,400
0.0% YoY Growth
2-Bed Rent
$1,800
1.0% YoY Growth
3-Bed Rent
$2,200
2.1% YoY Growth

Other Zip Codes in Vero Beach, FL

32960329683296632967
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Vero Beach, FL

As of Dec '25, the median home price in Vero Beach, FL is $255,000, with a year-over-year change of -6.8%. This indicates that home prices in Vero Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$255,000-6.8%
Single Family $287,000-6.5%
Condos $129,000-15.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $92,000
    -16.4%
    2 Bed
    		$189,000-10.4%
    3 Bed
    		$303,000-6.2%
    4 Bed
    		$394,000-4.4%
    5 Bed $518,552-5.4%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    8.5%
    2 Bedrooms
    36.4%
    3 Bedrooms
    42.0%
    4 Bedrooms
    8.9%
    5+ Bedrooms
    3.3%

    Rental Trends — Vero Beach, FL

    As of July '25, Rentcast reports the average rent in Vero Beach, FL is $2,060, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Vero Beach, FL is 1-bedrooms: $1,490, 2-bedrooms: $2,000, 3-bedrooms: $2,310, 4-bedrooms: $2,530. The most common rental property sizes in Vero Beach, FL are 3-bedroom and 2-bedroom, accounting for 48.9% and 26.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,060
    Studio Rent N/AN/A
    1 Bed Rent $1,400$1,490
    2 Bed Rent $1,800$2,000
    3 Bed Rent $2,200$2,310
    4 Bed Rent $2,200$2,530
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    % of Rental Stock

    1 Bedroom
    19.3%
    2 Bedrooms
    26.5%
    3 Bedrooms
    48.9%
    4 Bedrooms
    5.3%

    Property Listings — Vero Beach, FL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Vero Beach, FL is 58. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$240,000-10.0%
    Listing Count
    		3263.0%
    Listings as % of Homes2.1%3.0%
    Days on Market
    		67-1.0%
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    Demographics — Vero Beach, FL

    As of the latest ACS Survey released in 2023, Vero Beach, FL has a population of 25,600, which has decreased by -3.2% over the past 5 years. Vero Beach, FL is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		25,600-3.2%
    % Under 18
    		17.7%-5.9%
    % Seniors
    		29.8%13.3%
    % WFH
    		10.1%60.3%
    % w/ College Degree
    		24.5%28.3%
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    As of the latest ACS Survey released in 2023, Vero Beach, FL is a predominantly white area, with 70.2% of the population identifying as white. The white population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Vero Beach, FL is black, making up 13.0% of the population. Foreign-born residents account for 12.4% of the population in Vero Beach, FL, and this percentage has decreased by 20.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		70.2%4.5%
    % Black
    		13.0%22.6%
    % Hispanic
    		12.0%-35.8%
    % Asian
    		1.0%-16.7%
    % Foreign Born
    		12.4%-20.0%
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    Mortgage and Risk — Vero Beach, FL

    According to HUD data as of 2023, there were 670 mortgage originations in Vero Beach, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Vero Beach, FL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		670
    % Conventional Loans
    		73.0%
    % Government Loans
    		27.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		6.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Vero Beach, FL

    As of 2024, the percent of homes in Vero Beach, FL under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Vero Beach, FL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		58
    Total Units Section 8
    		58
    % Rentals under Section 8
    		3.3%
    % Occupied Section 8
    		91.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$180$1,400$1,220
    2 Bedroom-$270$1,800$1,530
    3 Bedroom-$300$2,200$1,900
    4 Bedroom$340$2,200$2,540

    Affordability — Vero Beach, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$255,000
    Median Household Income$65,100

    Vero Beach, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Vero Beach, FL

    32960

    Fort Pierce, FL

    34951

    Fort Pierce, FL

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    Vero Beach, FL

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    Indian River Shores, FL

    32963

    Frequently Asked Questions