Vero Beach, FL—32968
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vero Beach, FL
As of Nov '25, the median home price in Vero Beach, FL is $421,000, with a year-over-year change of -5.7%. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | -5.7% |
| Single Family | $422,000 | -5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | -7.5% |
3 Bed | $407,000 | -6.0% |
4 Bed | $503,000 | -5.1% |
| 5 Bed | $585,960 | -4.8% |
% of Housing Stock
Rental Trends — Vero Beach, FL
As of July '25, Rentcast reports the average rent in Vero Beach, FL is $3,160, with a year-over-year rent change of 14.9%. Per bedroom, the median rent as of July '25 in Vero Beach, FL is 1-bedrooms: $1,250, 2-bedrooms: $1,800, 3-bedrooms: $2,680, 4-bedrooms: $3,720. The most common rental property sizes in Vero Beach, FL are 2-bedroom and 4-bedroom, accounting for 36.5% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,750 | $1,800 |
| 3 Bed Rent | $2,500 | $2,680 |
| 4 Bed Rent | $3,500 | $3,720 |
% of Rental Stock
Property Listings — Vero Beach, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Vero Beach, FL is 61. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $505,000 | 3.0% |
Listing Count | 152 | -5.0% |
| Listings as % of Homes | 1.6% | -5.0% |
Days on Market | 61 | -10.0% |
Demographics — Vero Beach, FL
As of the latest ACS Survey released in 2023, Vero Beach, FL has a population of 15,600, which has increased by 11.1% over the past 5 years. Vero Beach, FL is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 36.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | 11.1% |
% Under 18 | 18.2% | -7.6% |
% Seniors | 28.7% | 21.1% |
% WFH | 11.6% | 90.2% |
% w/ College Degree | 36.7% | 15.8% |
As of the latest ACS Survey released in 2023, Vero Beach, FL is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Vero Beach, FL is hispanic, making up 11.6% of the population. Foreign-born residents account for 5.3% of the population in Vero Beach, FL, and this percentage has decreased by 48.0% 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 | 80.3% | -5.3% |
% Black | 3.6% | -20.0% |
% Hispanic | 11.6% | 127.5% |
% Asian | 0.9% | -76.9% |
% Foreign Born | 5.3% | -48.0% |
Mortgage and Risk — Vero Beach, FL
According to HUD data as of 2023, there were 345 mortgage originations in Vero Beach, FL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Vero Beach, FL. Investor activity is low, as 2.0% 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 | 345 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Vero Beach, FL
Vero Beach, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $1,250 | $1,830 |
| 2 Bedroom | $550 | $1,750 | $2,300 |
| 3 Bedroom | $360 | $2,500 | $2,860 |
| 4 Bedroom | $320 | $3,500 | $3,820 |
Affordability — Vero Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $421,000 |
| Median Household Income | $87,800 |