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Indian River Shores town, FL

ZIP 32963 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32963

Median Home Value
$894,900
Median Rent
$1,960
Affordability Snapshot
$246,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,749/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

38.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32963 in Indian River Shores town, FL, a household would need roughly $246,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,749. That is about 72% above the local median household income ($142,985), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 37% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
95.1%+45% vs US avg
x
Vacancy Rate
36.6%+255% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
0.1%-100% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
72.4%+90% vs US avg
x
$894,900
Home Value
$1,960
Rent
1985
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.1%
  • 1-unit attached5.3%
  • 2-9 units7.8%
  • 10+ units28.5%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$894,900
Median rent$1,960
Owner-occupied95.1%
Vacant36.6%
Price-to-income6.3x
Est. income to buy$246,000