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Indian River County, FL

RANK #983 / 996  ·  POP 160,986  ·  FL

PROJECTED GROWTH: -4.4%

Indian River County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Indian River County?

Indian River County, Florida, is often recognized for its world-renowned Indian River citrus, a product deeply tied to the region's unique soil and subtropical climate. Located on Florida's Treasure Coast, roughly midway between Miami and Jacksonville, the county offers a blend of coastal charm and natural beauty. Vero Beach, the county seat, combines historical elements with modern amenities, while Sebastian is known for its natural areas, including Pelican Island, America's first National Wildlife Refuge. The area boasts 22.4 miles of beaches and the diverse Indian River Lagoon, providing opportunities for kayaking, fishing, and birdwatching. Commute times average under 24 minutes, and a free public bus system, GoLine, serves the county.

Life in Indian River County appeals to a mix of residents, including many retirees. The public school district is highly rated, with several top-ranked schools. While agriculture, particularly citrus, has historically been a primary economic driver, the county is diversifying. There is a focus on attracting new businesses in sectors such as manufacturing, information technology, life sciences, and clean energy. The presence of institutions like Indian River State College also contributes to workforce development and the local economy.

[02] Market Snapshot

Housing Ratio
5.7x

Above national median (4.7x)

GDP Growth
+2.8%

Above national median

Home Prices
-4.8%

Prices declining

Climate & Terrain
4.7

Favorable climate & terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 5.7x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Indian River County U.S. National

The Numbers

DEMOGRAPHICS
Population
160,986
+1.89% YoY
Median Household Income
$67,543
Median Home Value
$284,400
-4.84% 12mo
Median Rent
$1,183
Average Annual Pay
$57,991
+3.7% YoY
Employment
57,522
+1.3% YoY
Income-to-Home-Value
0.2375
Near national average
Migration Inflow
3.87%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$410,000
Days on Market
112
Slower market
Months of Supply
7.3
Buyer's market
Sale-to-List Ratio
95.5%
Negotiation room for buyers
Sold Above List
3.6%
Listings w/ Price Drops
27.3%
Building Permits (2024)
557
Single-Family Permits
279

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$647M
TOTAL
PROJECT AMOUNT STATUS
FPL Solar Energy Centers (Multiple Projects)
Florida Power & Light Co.
$447M Operating
Indian River County Landfill Gas-to-Renewable Natural Gas (RNG) Facility
Nopetro Renewables
$50M Under Construction
66th Avenue Infrastructure Improvements (69th Street to 85th Street)
Indian River County
$50M Planned
Vero Lake Estates Residential Development
Maronda Homes, GHO Homes, Other Builders
$50M Under Construction
Indian River State College Data Center (Okeechobee County, nearby)
Indian River State College
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.8% 52 percentile
Population Growth +1.9% 88 percentile
Income Growth +9.7% 75 percentile
Vacancy Rate 2.6% 3 percentile
Home Price Change -4.8% 3 percentile
Rent Growth -1.5% 3 percentile
Price/Rent 11x 77 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Indian River County, FL a good place to move to?

Indian River County has a Boom Town Index score of 1/100, ranking #983 among 996 U.S. counties. With job growth at +1.3% and a median household income of $67,543, it faces some economic headwinds compared to faster-growing counties.

Is Indian River County affordable?

The median home value in Indian River County is $284,400 with median rent at $1,183/month. The income-to-home-value ratio is 0.2375, which is less affordable than the national average.

Is Indian River County growing or shrinking?

Population growth: +1.9% year-over-year. Job growth: +1.3%. Home values changed -4.8% in the past 12 months.

Are people moving to Indian River County?

Yes — 3.87% of Indian River County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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