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Indian River County Housing Market

Florida · 67 counties · Ranked #2696 in home value

Above National Avg

Housing at a Glance

Median Home Value

$314,700

vs national+$314,700 vs $281,900 national

Median Gross Rent

$1,284/mo

vs national+$1,284 vs $1,163 national

Effective Tax Rate

0.73%

vs national0.73% vs 1.02% national

Median Household Income

$71,049

vs national$71,049 vs $74,755 national

Affordability Ratio

4.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

34.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,288

Tax as % of Home Value

0.73%

Monthly Owner Cost

$1,095

Renter Income

$43,439

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Frequently Asked Questions

What is the median home value in Indian River County?

The median home value in Indian River County is $314,700. This is above the national median of $281,900.

How much is rent in Indian River County?

The median gross rent in Indian River County is $1,284 per month.

What is the property tax rate in Indian River County?

The effective property tax rate in Indian River County is 0.73%. The median annual property tax bill is $2,288.

Is Indian River County affordable?

With a home-value-to-income ratio of 4.4x, Indian River County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.