Vero Beach, FL—32966
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 $332,000, with a year-over-year change of -6.2%. 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 | $332,000 | -6.2% |
| Single Family | $351,000 | -6.4% |
| Condos | $188,000 | -10.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | -12.0% |
2 Bed | $239,000 | -8.4% |
3 Bed | $359,000 | -6.5% |
4 Bed | $463,000 | -5.7% |
| 5 Bed | $661,000 | -4.9% |
% of Housing Stock
Rental Trends — Vero Beach, FL
As of July '25, Rentcast reports the average rent in Vero Beach, FL is $2,210, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Vero Beach, FL is 1-bedrooms: $1,650, 2-bedrooms: $2,030, 3-bedrooms: $2,410, 4-bedrooms: $2,620. The most common rental property sizes in Vero Beach, FL are 2-bedroom and 3-bedroom, accounting for 56.9% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,650 |
| 2 Bed Rent | $1,900 | $2,030 |
| 3 Bed Rent | $2,200 | $2,410 |
| 4 Bed Rent | $2,480 | $2,620 |
% 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 10.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | -10.0% |
Listing Count | 246 | 3.0% |
| Listings as % of Homes | 1.3% | 3.0% |
Days on Market | 77 | 10.0% |
Demographics — Vero Beach, FL
As of the latest ACS Survey released in 2023, Vero Beach, FL has a population of 20,000, which has increased by 12.1% over the past 5 years. Vero Beach, FL is a less popular place for families, as children make up 11.7% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | 12.1% |
% Under 18 | 11.7% | 0.0% |
% Seniors | 45.5% | 2.7% |
% WFH | 14.0% | 75.0% |
% w/ College Degree | 32.7% | 16.4% |
As of the latest ACS Survey released in 2023, Vero Beach, FL is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Vero Beach, FL is hispanic, making up 9.0% of the population. Foreign-born residents account for 7.5% of the population in Vero Beach, FL, and this percentage has increased by 1.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.9% | -5.5% |
% Black | 4.5% | 136.8% |
% Hispanic | 9.0% | 15.4% |
% Asian | 0.8% | -33.3% |
% Foreign Born | 7.5% | 1.4% |
Mortgage and Risk — Vero Beach, FL
According to HUD data as of 2023, there were 515 mortgage originations in Vero Beach, FL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Vero Beach, FL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 515 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
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 2.2%. 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 | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,600 | $1,350 |
| 2 Bedroom | -$200 | $1,900 | $1,700 |
| 3 Bedroom | -$90 | $2,200 | $2,110 |
| 4 Bedroom | $340 | $2,480 | $2,820 |
Affordability — Vero Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $332,000 |
| Median Household Income | $63,100 |