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Vero Beach real estate market overview
- Average Monthly Rent: $1,600
- Home Price/Value Percentage Change: 9.30%
- Median Home Value: $372,426
- Best Time To Sell a Home: January
- Affordability Index: Moderate
- Days To Sell a House: 60
- 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 population of 16,693, with a growth rate of 0.68% annually.
The job market has decreased by -5.56% over the last year. In ten years, job growth is predicted to be 38.41%. 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.
Vero Beach real estate market details
- Vero Beach Estates
- Highland Park
- Edgewood
- Miracle Mile
- Royal Park
- Veromar
- Downtown Vero Beach
The average monthly rent is $1,600 for a one-bedroom apartment.
There has been a 9.3% increase in Vero Beach's median home value over the last year. As of 2023, the median home value is $372,426.
On average, homes in Vero Beach sell after 60 days on the market.
The best time to sell a home for the highest value is January. The best time to sell the quickest is during September.
The affordability index in Vero Beach is 95. This number indicates moderate affordability in this city.
The top ranked public schools are Rosewood Magnet School, Beachland Elementary School, Imagine at South Vero, Storm Grove Middle School, Indian River Charter High School, Vero Beach High School. This information is determined by data measuring academic performance and equity.