Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$363,705−0.9% YoY · prices are falling
Market right nowBalanced marketFewer homes for sale than last year, 15% have cut their price
Income needed to buy, per year$78,844About 1.0× the local median income ($81,530): affordable for a typical household
Days on market74 daysFaster than a year ago: sellers have the edge
Next 12 months−0.5%Zillow expects prices to stay about flat
The typical home in Indian River County, FL is worth $363,705, down 0.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $361,581, so the area is 0.6% overvalued. It is a balanced market: homes take about 74 days to sell, listings are down 16% from a year ago, 15% of listings have had a price cut. Zillow expects prices to fall about 0.5% over the next year. A household needs about $78,844 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,530. Typical rent is $2,128 a month, or $2,293 for a house. In the latest IRS figures, 1,968 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$363,705
Change in 1 year
−0.9%
Overvalued %
+0.6%
Show 7 more
Fair home value
$361,581
Change in 5 years
+16.3%
Zillow forecast, next 12 months
−0.5%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$1,971
Income needed to afford it
$78,844
Property tax rate
0.69%
Rent and investing
Typical rent
$2,128
Typical rent for houses
$2,293
Price-to-rent ratio
14.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,542
Gross rental yield
7.02%
Cap rate (estimate)
4.56%
Market activity
Listings vs a year ago
−15.6%
Days on market
74
Listings with a price cut
15.3%
Show 3 more
Homes for sale
1,374
Pending sales per 100 listings
28
Asking price per sq ft
$243
People and jobs
Median household income
$81,530
Population change (1 year)
+0.7%
Unemployment rate
4.5%
Show 4 more
Population
172,799
Income adjusted for cost of living
$82,940
Net moves in (IRS)
+1,968
Cost of living (US = 100)
98.3
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
95.6
Unhealthy air days a year
0
Show 4 more
Flood risk score
85.9
Wildfire risk score
88.2
Walkability (1 to 20)
7.2
Road, rail and air noise
53 dB
Questions people ask
Is Indian River County, FL overvalued?
Home prices in Indian River County, FL are slightly above what local incomes have historically supported: fair value is about $361,581, so the area is 0.6% overvalued.
Is Indian River County, FL a buyer's or seller's market?
Indian River County, FL is a balanced market: homes take about 74 days to sell, listings are down 16% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Indian River County, FL?
Home values in Indian River County, FL are down 0.9% over the last year. Zillow's forecast for the next 12 months is −0.5%.
How much do you need to earn to buy a home in Indian River County, FL?
A household needs about $78,844 a year to afford the typical home in Indian River County, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,530.