HousingHandbookReference data

U.S. ZIP Code · FL32963

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

Typical home value

$1,049,358[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.4%
5-year / yr
+8.3%
10-year / yr
+6.6%

Relative price

vs U.S.
+269.4%
vs metro
+209.6%
vs state
+202.6%
ZIP 32963 location in FL
Location of ZIP 32963 in FL

Price history

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

The typical home in 32963 is worth $1,049,358 — 209.6% above the Sebastian-Vero Beach-West Vero Corridor, FL median. Over the past year, values have fallen 3.4%. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$8,115[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
15,008[3]
Median household income
$149,923[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
1
Elementary
1
Middle
0
High
0
  • BEACHLAND ELEMENTARY SCHOOL

    Elementary · Grades K–5 · INDIAN RIVER

    492 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 yield
Net yield (after ~40% expenses)
Annual rent

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$5,306
Loan principal$839,486
Down payment$209,872
Total interest paid$1,070,718

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 ratio
Monthly cost to own$6,854
Monthly rent

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
100th percentile[1]
Rental yield
[2]
Property tax
86th percentile[3]

Frequently asked

How much is a home worth in ZIP code 32963?
The typical home in 32963 is worth $1,049,358, based on the Zillow Home Value Index.
Are home values rising in 32963?
Home values in 32963 are down 3.4% over the past year, and up 8.3% a year over five years.
What is the property tax rate in 32963?
The effective property tax rate in 32963 is 0.8% — roughly $8,115 a year on a typical home.
Who lives in 32963?
ZIP code 32963 has a population of 15,008 and a median household income of $149,923.

#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 South CDP, FL

    Typical home
    $422,898
    Gross yield
    6.9%
  • Winter Beach CDP, FL

    Typical home
    $405,117
    Gross yield
    7.1%
  • Sebastian, FL

    Typical home
    $344,877
    Gross yield
    7.1%
  • Fellsmere, FL

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

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

    Typical home
    $281,160
    Gross yield
    8.5%

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