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Affordable
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These days, finding an affordable place to live in the Indian River Shores area can be challenging. Home prices in Indian River Shores are now at a median cost of $1,385,405, higher than the Florida average of $396,783.
The average cost of rent is $2,308/mo in Indian River Shores, primarily driven by the current value of real estate in the Indian River Shores area. In Indian River Shores, 3.12% of households rent, and 79.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Indian River Shores is $14,460 per month. Households that rent pay about 15.96% of their income on rent here. Indian River Shores’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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