Sebastian-Vero Beach, FL · Florida
Indian River County
ZIP 32948
163,856 residents257 permits TTM$71,049 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$314,700
ACS 5-Year
Cap rate proxy
4.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.7%
HUD FMR ÷ ACS HHI
Net migration
+2.39%
IRS SOI
Permits (TTM)
257
Census BPS
Climate risk
95.6
FEMA NRI (0–100)
ZIP 32948
Median home value
$314,700
Gross yield
4.8%
Buy Box score
0.5
Section 8 gap
-1.1%
Affordability
P/I: 4.6R/I: —
Section 8 detail
SAFMR: $1,270Rent: $1,284Gap: -1.1%
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 32962 | — | — | — | 1.0 | — |
| 32960 | — | — | — | 0.9 | — |
| 32966 | — | — | — | 0.9 | — |
| 32958 | — | — | — | 0.9 | — |
| 32967 | — | — | — | 0.7 | — |
| 32968 | — | — | — | 0.5 | — |
| 32948 | $314,700 | $1,270 | 4.8% | 0.5 | -1.1% |
| 32963 | — | — | — | 0.0 | — |
| 32970 | — | — | — | — | — |
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Demographics
Owner-occupied
79.3%
Census ACS
Vacancy rate
19.3%
Census ACS
Bachelor's degree +
33.4%
Census ACS
Rent burdened
50.3%
Census ACS (>30% income)
Median age
55.0
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026