HousingHandbookReference data

U.S. ZIP Code · FL32962

Indian River County · Sebastian-Vero Beach-West Vero Corridor, FL

Typical home value

$259,173[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-4.3%
5-year / yr
+6.0%
10-year / yr
+8.3%

Relative price

vs U.S.
-8.8%
vs metro
-23.5%
vs state
-25.3%
ZIP 32962 location in FL
Location of ZIP 32962 in FL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 32962 is worth $259,173 — 23.5% below the Sebastian-Vero Beach-West Vero Corridor, FL median. Over the past year, values have fallen 4.3%. Homes here rent for a typical $1,843 a month — a 8.5% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,843[2]
Gross yield
8.5%[2]
Cap rate
5.1%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$1,505[3]

#Climate risk

FEMA National Risk Index ratings for Indian River County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively Moderate
Coastal flood
Relatively Moderate
Wildfire
Relatively Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very High
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
No Rating

#Who lives here

Population
25,522[3]
Median household income
$66,664[3]

#Migration

Household moves in and out of Indian River County over a year, from IRS tax-return data.

Net migration
+928[5]
Moved in
5,954
Moved out
5,026

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
2
Middle
1
High
0
  • OSLO MIDDLE SCHOOL

    Middle · Grades 6–8 · INDIAN RIVER

    834 students

  • OSCEOLA MAGNET SCHOOL

    Elementary · Grades K–5 · INDIAN RIVER

    528 students

  • INDIAN RIVER ACADEMY

    Elementary · Grades PK–5 · INDIAN RIVER

    466 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield8.5%
Net yield (after ~40% expenses)5.1%
Annual rent$22,116

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,311
Loan principal$207,339
Down payment$51,835
Total interest paid$264,449

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio0.90
Monthly cost to own$1,652
Monthly rent$1,843

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
57th percentile[1]
Rental yield
100th percentile[2]
Property tax
29th percentile[3]

Frequently asked

How much is a home worth in ZIP code 32962?
The typical home in 32962 is worth $259,173, based on the Zillow Home Value Index.
Are home values rising in 32962?
Home values in 32962 are down 4.3% over the past year, and up 6.0% a year over five years.
What is the typical rent in 32962?
A typical home in 32962 rents for about $1,843 a month, a gross rental yield of 8.5%.
What is the property tax rate in 32962?
The effective property tax rate in 32962 is 0.6% — roughly $1,505 a year on a typical home.
Who lives in 32962?
ZIP code 32962 has a population of 25,522 and a median household income of $66,664.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Vero Beach, FL

    Typical home
    $281,160
    Gross yield
    8.5%
  • Fellsmere, FL

    Typical home
    $331,031
    Gross yield
    7.4%
  • Fellsmere, FL

    Typical home
    $333,029
    Gross yield
  • Sebastian, FL

    Typical home
    $344,877
    Gross yield
    7.1%
  • Winter Beach CDP, FL

    Typical home
    $405,117
    Gross yield
    7.1%
  • Vero Beach South CDP, FL

    Typical home
    $422,898
    Gross yield
    6.9%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 32962 against any other ZIP — full side-by-side table.

Compare 32962

#Jump to section