Rental numbers for Indian River County, FL
The typical home here runs -$857 a month at 7.78% with 25% down, breaking even at about 2.7%. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.9%.
- Gross yield
- 7.1%
- typical home, Zillow
- Median ZIP yield
- 7.9%
- 6 ZIPs with full data
- Cash flow
- -$857/mo
- at 7.78%, 25% down
- Typical price
- $364,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,170/mo
- Zillow ZORI, Aug 2026
ZIP codes in Indian River County
8 with published figures
| 32962Vero Beach | $260,000 | $1,901 | 8.8% | 4.9% | -$349 | -0.1% |
| 32960Vero Beach | $281,000 | $2,030 | 8.7% | 4.8% | -$385 | +2.0% |
| 32967Vero Beach | $405,000 | $2,778 | 8.2% | 4.7% | -$612 | +8.2% |
| 32958Sebastian | $346,000 | $2,204 | 7.6% | 4.1% | -$688 | +9.1% |
| 32966Vero Beach | $329,000 | $2,035 | 7.4% | 3.8% | -$729 | -0.3% |
| 32968Vero Beach | $428,000 | $2,310* | 6.5% | 3.2% | -$1,159 | n/a |
| 32963Indian River Shores | $1,058,000 | $5,630 | 6.4% | 3.5% | -$2,644 | n/a |
| 32948Fellsmere | $336,000 | $1,270* | 4.5% | 1.3% | -$1,450 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -1.5%
- Rent, 12 months
- +3.0%
- Rent minus price growth
- +4.5 pts
- Property tax
- 0.69%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $307,627 | $1,672 |
| Aug 2022 | $395,377 | $1,910 |
| Aug 2023 | $392,836 | $2,000 |
| Aug 2024 | $392,653 | $2,054 |
| Aug 2025 | $369,756 | $2,107 |
| Aug 2026 | $364,167 | $2,170 |
HUD Fair Market Rent
FY2027, Sebastian-Vero Beach-West Vero Corridor, FL MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,171 | $1,179 | $1,542 | $1,882 | $2,577 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.3
- 450 units, last 12 months
- National percentile
- 56th
- among US counties
Tools
Test a listing in Indian River County against today's rate.
Open the calculatorPart of the Sebastian, FL metro.
Questions
- Is Indian River County good for rental property?
- The typical home here runs -$857 a month at 7.78% with 25% down, breaking even at about 2.7%. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Indian River County?
- About 0.69% of value, from Census ACS median taxes paid over median home value. On a $364,000 home that is about $2,524 a year.
- What is Fair Market Rent in Indian River County?
- HUD's FY2027 Fair Market Rent here is $1,179 for a 1-bedroom, $1,542 for a 2-bedroom and $1,882 for a 3-bedroom. Typical cash flow at today's rate is -$857 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.