Vero Beach Real Estate Market Overview
Average Monthly Rent:
$740
Percentage Change in Home Price/Value:
0.30%
Median Home Value:
$223,080
Best Time To Sell Home:
January
Affordability Index:
67
Days To Sell House:
92.13
Job Market:
Fair
Public School Ranking:
26
Location and Weather
Vero Beach is a quaint city on the Atlantic Ocean, with both a barrier island and a mainland to the west. The Barrier Island is upscale, and the real estate prices are high. To the west of town, there are more mid-priced to low-priced housing developments that cater to the growing number of retirees moving to the east coast of Florida. Vero Beach is home to Piper Aircraft, and has a reputation for pristine beaches and oceanside shopping. Downtown Vero Beach also features small art galleries, a local, high-quality restaurant district and a variety of boutiques.
Vero Beach has long, warm and humid summers, with short and mild winters. The average summer temperatures are in the 90’s, with lows in the 70’s. Winter temperatures are in the 70’s, with lows in the 50’s.
Population, Job Market and Cost of Living
Vero Beach’s population in 2020 was 16,261, with a growth rate of 2.5%. The job growth has increased by 1.8% over the last year and in ten years, is predicted to have increased by 38.4%. The major industries are in retail trade, health care, accommodations and food services. The largest employers are Cleveland Clinic, School District of Indian River County and Indian River County. The cost of living is low, in regards to the west part of Vero home prices, while the Barrier Island cost of living is much higher due to the price of housing.
With scenic beach views of the Atlantic Ocean, a warm climate, a prime environment for water sports, and a small town feel with a variety of available housing, Vero Beach will continue to attract retirees and families who want the Florida lifestyle on an oceanside setting.
