Indian River County, Florida Housing Market Prices
Indian River County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 19% below the Florida median$253,645
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Median rent 19% below the Florida median$1,357
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Indian River County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $253,645 | $311,338 | $248,835 |
| Price Trend (Annual %) | 3.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,357 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Indian River County is about 19% lower than in Florida. Rent is about 19% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Indian River County, up about 3.5% and 5.6% a year respectively. Rent is changing faster.
Median rent in Indian River County rose about 57.9% between 2015 and 2024, from $859 to $1,357. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Indian River County.
Buying the median-priced home in Indian River County costs roughly 15.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Indian River County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Indian River County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $253,645 | $311,338 | $248,835 |
| Median Household Income | $73,373 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.5 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Indian River County rose about 28.6%, while median household income rose about 50.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Indian River County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 57.7% | 58.5% |
| Rental Rate | 16.3% | 27.7% | 31.2% |
| Vacancy Rate | 18.1% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Indian River County has a homeownership rate of 65.6%, higher than the Florida average of 57.7%. Its housing vacancy rate is 18.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | Indian River County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1988 | 1978 |
| Median Number of Rooms | 5.4 | 5.2 | 5.5 |
The typical housing unit in Indian River County was built around 1993. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Indian River County, FL Housing Compared With Nearby Counties
Indian River County, FL is the 4th largest of the 6 counties compared here, 166,866 residents against a local median of 360,498. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Indian River County, FL an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 14% below the local median at $1,357 against $1,569. Indian River County, FL has the 5th highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Indian River County, FL | 166,866 | $253,645 #5/6 | $1,357 #5/6 | 80.1% #1/6 |
| St. Lucie County, FL | 360,498 | $278,803 | $1,585 | 78.6% |
| Okeechobee County, FL | 40,816 | $187,847 | $1,082 | 73.9% |
| Brevard County, FL | 628,683 | $253,794 | $1,556 | 76.7% |
| Martin County, FL | 160,388 | $349,758 | $1,569 | 79.5% |
| Osceola County, FL | 427,393 | $385,267 | $1,745 | 65.3% |
Frequently Asked Questions
Common questions about the housing market in Indian River County, Florida.
What is the median home price in Indian River County, Florida?
The median home price in Indian River County, Florida is $253,645, lower than the Florida average of $311,338.
What is the average home price in Indian River County, Florida?
The typical home price in Indian River County, Florida, reported as the median sale price, is $253,645. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Indian River County, Florida?
The median gross rent in Indian River County, Florida is $1,357 per month, lower than the Florida average of $1,668.
What was the median gross rent in Indian River County in 2020?
In 2020, the median gross rent in Indian River County, Florida was $993 per month.
What is the price-to-rent ratio in Indian River County, Florida?
The price-to-rent ratio in Indian River County, Florida is about 15.6, meaning it would take roughly 15.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Indian River County.
Are home prices or rent rising faster in Indian River County, Florida?
Both home prices and rent are rising in Indian River County, up about 3.5% and 5.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Indian River County, Florida?
65.6% of households in Indian River County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Indian River County, Florida?
The housing vacancy rate in Indian River County, Florida is 18.1%, higher than the Florida average of 14.6%.
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