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Vero Beach, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,256
Monthly Cash Flow
-$32
Principal + Equity
$2,518
Annual Total Gain
$29,835
Cash on Cash
-0.43%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$225
Occupancy Rate
63.16%
Monthly Revenue
$2,762
Monthly Cash Flow
$60
Principal + Equity
$2,518
Annual Total Gain
$30,936
Cash on Cash %
0.8%
Net ROI %
Market Health & Growth
Median Income
$67,351
Population
16,785
LTR Renter %
35.63%
Forecast (1 yr)
0.72%
Appreciation (1 yr)
-6.47%
Appreciation (5 yr)
43.84%
Appreciation (10 yr)
105.86%
Job Growth
3.91%
LTR Rentability
Very High
STR Demand
62
STR Rentals
831
Top Public Schools
A-Osceola Magnet School
BLiberty Magnet School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Live in Florida
#406out of 1195 markets
Best Places to Retire in Florida
#150out of 660 markets
Places with the Best Public Schools in Florida
#193out of 660 markets
B
Public School
C
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Vero Beach, FL.
In Vero Beach, FL, Short Term Rentals (STRs) are regulated by the city government. As of September 2021, the city has specific regulations in place for STRs that investors should be aware of before purchasing a property for short term rental purposes.
1. Licensing and Registration: All STRs in Vero Beach are required to obtain a license from the city government. This license must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the license.
2. Zoning Regulations: Vero Beach has specific zoning regulations that dictate where STRs are allowed to operate within the city. Investors should be aware of these regulations and ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy Limits: The city of Vero Beach has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and Nuisance Regulations: Vero Beach has strict regulations in place regarding noise and nuisance issues related to STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them in order to avoid potential fines or penalties.
5. Taxation: STRs in Vero Beach are subject to certain taxes, including sales and tourist development taxes. Investors should be aware of these tax obligations and ensure that they are properly collected and remitted to the appropriate authorities.
Overall, investors considering purchasing a property in Vero Beach for short term rental purposes should familiarize themselves with the city's regulations and ensure that they are in compliance in order to avoid any potential legal issues or fines.
Market Trends Over Time
Explore 25 years of market data for Vero Beach, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Vero Beach, FL.
The LTR Genie Score of Vero Beach, FL is 82 and STR Genie Score is 78, indicating very high and high scores respectively. The high LTR Genie Score can be attributed to the strong LTR Rentability and LTR Net ROI of 33.2%, showcasing the potential for long-term rental investment in the area. On the other hand, the STR Genie Score of 78 is driven by a solid STR Net ROI of 34.43% and a respectable STR Occupancy rate of 63.16%.
Vero Beach, FL is a popular coastal city known for its beautiful beaches, cultural attractions, and outdoor recreational activities. The city attracts a mix of tourists and residents, making it an attractive market for both long-term and short-term rental investments.
Based on the metrics provided, Vero Beach, FL seems to be a promising market for both long-term and short-term rental investments. With strong Genie Scores for both rental strategies and positive rent growth rates, investors may find success in either option. However, considering the slightly higher Net ROI for short-term rentals and the forecasted price appreciation, investors may lean towards short-term rental investments in Vero Beach. Ultimately, conducting further research and due diligence on the local market trends and regulations would be beneficial before making a final decision.
LTR Genie Score 93
$619,500
🛏 4 Beds🛁 4.0000 Baths🏙 2,857 sqft.🏠 SINGLE FAMILY