Housing Profile
Indian River County, Florida

• Population, 2007: 139757. Indian River County ranks # 33 of Florida's 67 counties in population.

• Households, 2007: 60863

• In 2030, Indian River County is projected to have a population of 205200, ranking it # 30 of Florida's 67 counties.

Projected Total Population, Indian River County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Indian River County	139757	145799	162004	176895	191497	205200
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

Existing Home Values (Based on County Property Appraisers' Just Value)

• Single Family Home, average just value, 2008: $276711. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $59835.
• Condominium, average just value, 2008: $223304.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $389774 in 2007. The median sales price that year was $230000, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Indian River County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Indian River County	Condominiums	82950	88000	97000	105000	99800	121000	102000	127250	147000	184950	201100	220000
Indian River County	Single Family Homes	84950	87000	90000	102600	112000	120000	127400	142500	171100	215000	235000	230000
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Indian River County households in 2000 was $615 per month, compared to a statewide median rent of $641.

• In Indian River County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $594 for a studio apartment, $717 for a one-bedroom, $914 for a two-bedroom, $1138 for a three-bedroom, and $1171 for a four-bedroom unit.

Households by Monthly Rent Paid, Indian River County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Indian River County	689	316	425	2292	4451	1608	638	513

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 15853 Indian River County households (26%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 6968 households in Indian River County (11%) pay more than 50% of income for housing.

Households by Cost Burden, Indian River County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	45010	8885	6968
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Indian River County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	36864	6075	4264
Renter	8146	2810	2704
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

Household Income

• In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Indian River County and the surrounding metro area, the HUD-estimated median income for a family of four is $57000 in 2008.

Households by Income and Cost Burden, Indian River County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	1475	761	3154
30.01-50% AMI	2286	2116	2077
50.01-80% AMI	7292	3286	961
80.01+% AMI	33957	2722	776
Total	45010	8885	6968
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 22536 households in Indian River County (37.0%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 39249 of elderly households in Indian River County (87.1%) own their homes.

• 5282 elderly households (23%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Indian River County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	17254	2761	2521
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 43803 households in Indian River County (72%) are made up of 1-2 persons in 2007. 27% of these households pay more than 30% of income for rent or mortgage costs.

• 13113 households in Indian River County (22%%) are made up of 3-4 persons in 2007. 23% of these households pay more than 30% of income for rent or mortgage costs.

• 3941 households in Indian River County (6%%) are made up of 5 persons or more in 2007. 25% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Indian River County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	31999	6196	5608
3-4	10052	1954	1107
5+	2956	736	249
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 5899 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Indian River County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
2279	1610	2010

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Indian River County was 2107 square feet.

Year Structure Built, Indian River County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
1151	1034	4042	4955	12850	19461	14409	Indian River County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 1431 housing units (2.9% of all units) in Indian River County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 447 units (0.9%) in Indian River County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 272 units (0.5%) in Indian River County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 108 units (0.2%) in Indian River County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.