Vero Beach, FL—32967
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 $403,000, with a year-over-year change of -6.6%. This indicates that home prices in Vero Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $403,000 | -6.6% |
| Single Family | $413,000 | -6.6% |
| Condos | $262,000 | -11.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $165,000 | -12.2% |
2 Bed | $298,000 | -10.2% |
3 Bed | $410,000 | -6.6% |
4 Bed | $506,000 | -6.6% |
| 5 Bed | $531,000 | -6.8% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 85. This is a increase of 11.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $477,000 | -8.0% |
Listing Count | 425 | 10.0% |
| Listings as % of Homes | 2.1% | 10.0% |
Days on Market | 85 | 11.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | 24.2% |
% Under 18 | 17.8% | -19.5% |
% Seniors | 30.9% | 24.6% |
% WFH | 14.6% | 121.2% |
% w/ College Degree | 34.8% | 37.0% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $403,000 |
| Median Household Income | $73,900 |