Vero Beach, FL

Population: 15,527
Average annual home appreciation rate: 10.22%
Total of homes for sale in this market: 2,192
Median home price: $238,064
Median Rent: $894 per room
Home price range: 23.65% of homes are between $124,001 – $248,000
Median sales price: $165,500
Number of homes: 552
Median foreclosure sales price: $83,667
Foreclosure discount: $81,833 ( 49.4% )
Most common home type: 49.47% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 29.45%
Number of renters: 31.40%
Number of owner occupied: 68.60%
Number people living below poverty level: 20.38%
Unemployment rate: 6.70%
Is this area perfect for real estate deals going on right now? There are some things going on in the market right now in Vero that could get the attention of savvy real estate investors. House are affordable, and rents are high. One thing to point out is that there are as many ‘troubled’ properties available on the market as there are total properties for sale. There is a LARGE amount of vacant properties just sitting on the market empty… BOTH of these situations could be very advantageous for the savvy real estate investor. Buying homes from troubled/vacant home owners could lead to large discounts from motivated sellers.

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