Vero Beach Real Estate Market Overview
Average Monthly Rent:
$1,400
Percentage Change in Home Price/Value:
20.7%
Median Home Value:
$350,000
Best Time To Sell Home:
January
Affordability Index:
86
Days To Sell House:
58
Job Market:
Fair
Public School Ranking:
18
Location and Weather
The elegant city of Vero Beach can be found along the Atlantic coast, in Indian River County. This city is an attraction for families, retirees, and tourists alike who are looking for a high-quality of life in an affordable oceanfront destination. The nearby cities of Sebastian and Ft. Pierce contributed to this city's popularity for fishing, surfing and leisure on the scenic inlets located here.
Vero Beach’s weather is consistently warm from December through February, with average temperatures in the high 70s. Despite the elevated humidity and potential hurricane hazards, Vero Beach continues to see expansion in population and redevelopment.
Population, Job Market and Cost of Living
Vero Beach has a quaint population of 18,406, with a growth rate of 1.66% annually. The job market has increased by 1.8% over the last year. In ten years, job growth is predicted to be 38.4%. Vero Beach is home to Piper Aircraft and Disney’s Vero Beach Resort, which contributes to this city's aviation and tourism industry. The diverse dining and retail filled down-town is a huge contributor to the retail industry’s sector of the economy here as well. Other large industries are legal, health practitioners, and business services.
The cost of living here is lower than Florida’s average, which makes this a relatively affordable city to reside in. Housing value does vary depending on its location on the ocean-side, waterfront or mainland region.