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These days, finding an affordable place to live in the Vero Beach area can be challenging. Home prices in Vero Beach are now at a median cost of $467,630, higher than the Florida average of $396,783.
The average cost of rent is $1,836/mo in Vero Beach, primarily driven by the current value of real estate in the Vero Beach area. In Vero Beach, 18.55% of households rent, and 49.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vero Beach is $7,807 per month. Households that rent pay about 23.52% of their income on rent here. Vero Beach’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gifford, FL: less expensive homes
- Vero Beach South, FL: less expensive homes
- West Vero Corridor, FL: less expensive homes
- Indian River Shores, FL: higher priced homes
- Wabasso, FL: less expensive homes
- Florida Ridge, FL: less expensive homes
- Orchid, FL: higher priced homes
- Lakewood Park, FL: less expensive homes
- Sebastian, FL: less expensive homes
- Indrio, FL: less expensive homes
Cities with Similar Populations
- Normal, IL: less expensive homes
- Greensburg, PA: less expensive homes
- Greenwood, SC: less expensive homes
- Hoffman Estates, IL: less expensive homes
- Hyattsville, MD: less expensive homes
- Lincoln, CA: higher priced homes
- Logan, UT: less expensive homes
- Meridian, MS: less expensive homes
- Methuen Town, MA: higher priced homes
- Beaumont, CA: equally priced homes
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