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Vero Beach, FL—32967

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$401,000
6.7% YoY Growth
Household Income
$73,900
48.9% YoY Growth
Days on Market
80
7.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$2,500
3.5% YoY Growth
1-Bed Rent
$2,200
14.4% YoY Growth
2-Bed Rent
$2,250
2.8% YoY Growth
3-Bed Rent
$2,400
6.7% YoY Growth

Other Zip Codes in Vero Beach, FL

32962329603296832966
  • 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 $401,000, with a year-over-year change of -6.7%. This indicates that home prices in Vero Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$401,000-6.7%
Single Family $412,000-6.4%
Condos $260,000-12.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $163,000
    -12.4%
    2 Bed
    		$297,000-10.3%
    3 Bed
    		$408,000-6.4%
    4 Bed
    		$505,000-6.5%
    5 Bed $530,619-6.6%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    6.6%
    2 Bedrooms
    21.9%
    3 Bedrooms
    53.1%
    4 Bedrooms
    16.4%
    5+ Bedrooms
    1.0%

    Rental Trends — Vero Beach, FL

    As of July '25, Rentcast reports the average rent in Vero Beach, FL is $3,020, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Vero Beach, FL is studios: $1,200, 1-bedrooms: $2,220, 2-bedrooms: $3,320, 3-bedrooms: $2,930, 4-bedrooms: $3,170. The most common rental property sizes in Vero Beach, FL are 2-bedroom and 3-bedroom, accounting for 36.6% and 34.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,500$3,020
    Studio Rent $1,200$1,200
    1 Bed Rent $2,200$2,220
    2 Bed Rent $2,250$3,320
    3 Bed Rent $2,400$2,930
    4 Bed Rent $2,750$3,170
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    % of Rental Stock

    Studio
    1.1%
    1 Bedroom
    19.0%
    2 Bedrooms
    36.6%
    3 Bedrooms
    34.2%
    4 Bedrooms
    7.4%
    5+ Bedrooms
    1.7%

    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 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$468,000-4.0%
    Listing Count
    		42810.0%
    Listings as % of Homes2.1%10.0%
    Days on Market
    		807.0%
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    Demographics — Vero Beach, FL

    As of the latest ACS Survey released in 2023, Vero Beach, FL has a population of 26,200, which has increased by 24.2% over the past 5 years. Vero Beach, FL is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 34.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		26,20024.2%
    % Under 18
    		17.8%-19.5%
    % Seniors
    		30.9%24.6%
    % WFH
    		14.6%121.2%
    % w/ College Degree
    		34.8%37.0%
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    As of the latest ACS Survey released in 2023, Vero Beach, FL is a predominantly white area, with 60.0% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Vero Beach, FL is black, making up 16.9% of the population. Foreign-born residents account for 10.3% of the population in Vero Beach, FL, and this percentage has increased by 35.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		60.0%-3.7%
    % Black
    		16.9%-31.3%
    % Hispanic
    		14.8%66.3%
    % Asian
    		0.9%-40.0%
    % Foreign Born
    		10.3%35.5%
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    Mortgage and Risk — Vero Beach, FL

    According to HUD data as of 2023, there were 667 mortgage originations in Vero Beach, FL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		667
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		11.0%
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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 4.3%. 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. In Vero Beach, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		115
    Total Units Section 8
    		115
    % Rentals under Section 8
    		4.3%
    % Occupied Section 8
    		91.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$980$2,200$1,220
    2 Bedroom-$720$2,250$1,530
    3 Bedroom-$500$2,400$1,900
    4 Bedroom-$210$2,750$2,540

    Affordability — Vero Beach, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.8
    Median Home Price$401,000
    Median Household Income$73,900

    Vero Beach, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Wabasso

    32970

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    Vero Beach, FL

    32968

    Frequently Asked Questions