Vero Beach, FL—32962
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vero Beach, FL
As of Oct '25, the median home price in Vero Beach, FL is $254,000, with a year-over-year change of -6.9%. This indicates that home prices in Vero Beach, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | -6.9% |
| Single Family | $287,000 | -6.8% |
| Condos | $129,000 | -15.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $92,000 | -16.4% |
2 Bed | $187,000 | -10.1% |
3 Bed | $303,000 | -6.2% |
4 Bed | $394,000 | -4.6% |
| 5 Bed | $520,000 | -5.5% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,060 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Vero Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Vero Beach, FL is 77. This is a increase of 21.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | -3.0% |
Listing Count | 303 | 1.0% |
| Listings as % of Homes | 2.1% | 1.0% |
Days on Market | 77 | 21.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $254,000 |
| Median Household Income | $65,100 |