ZIP Code · FL

ZIP 32962

Part of Vero Beach, FL

Pop. 25,522·Indian River County·453rd most expensive ZIP in Florida

Median rent (all units)

$1,870/mo

Year-over-Year

+1.4%

Month-over-Month

+0.7%

vs US Median

-$62

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 32962 · $1,870

More expensive than 54% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,150

1 BR

$1,160

2 BR

$1,520

3 BR

$1,850

4 BR+

$2,550

Research median

$1,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 32962 is 0.5% below its high of $1,879 in March 2026, at $1,870 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32962 changed +1.4% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($66,664) is $1,667 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,520); a 3-bedroom is $1,850.

Rank in Vero Beach

1st cheapest of 4 ZIP codes in Vero Beach.

From Zillow's monthly rent index (ZORI) for ZIP 32962. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,440/yr

At $1,870/mo median

Location

CityVero Beach

StateFL

CountyIndian River County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.4% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 32962 (Vero Beach, FL) is majority owner-occupied, has a large retiree population, 27.5% of residents hold a bachelor's degree or higher.

Population

25,522

Median income

$66,664

Median age

47.7

Renters

20.3%

Age distribution

18.4%

16.9%

21.8%

13.1%

29.9%

Under 1818.4%

18–3416.9%

35–5421.8%

55–6413.1%

65+29.9%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

71.6%

12.3%

White71.6%

Black12.3%

Hispanic11.8%

Asian1.8%

Other2.5%

Education (25+)

30%

33.8%

27.5%

No HS diploma8.7%

HS diploma30%

Some college33.8%

Bachelor's+27.5%

Housing tenure

79.7%

20.3%

Owner79.7%

Renter20.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32962 in Vero Beach, FL has changed in 5 years

Income

$55,884 → $66,664

up 19.3%

Population

25,958 → 25,522

down 1.7%

Renter share

15.9% → 20.3%

+4.4 pts

Bachelor's+

21.1% → 27.5%

+6.4 pts

Household income in the area moved from $55,884 to $66,664 across the same window, up 19.3% versus 2021. Census counts show ZIP 32962 in Vero Beach, FL losing about 436 residents over the five-year window, down 1.7% on net. The renter share has risen from 15.9% to 20.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 21.1% to 27.5% across the same window.

Community

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Local insights

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About renting in ZIP 32962

Last updated: October 17, 2026

ZIP code 32962 covers Vero Beach, FL. The median rent here is $1,870/mo as of October 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,520/mo.

At 34% of local median household income ($66,664/yr), ZIP 32962 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32962?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (about $36/hour full-time) to afford the median rent of $1,870/mo in ZIP 32962. The local median household income is $66,664/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32962?

Rent in ZIP 32962 has risen 1.4% over the past year as of September 2026. It sits 0.5% below its high of $1,879 in March 2026.

How does ZIP 32962 compare to other ZIPs in Florida?

ZIP 32962 is one of the more affordable among Florida ZIP codes for rent, ranking #453 of 656 at $1,870/mo. Over the year to September 2026, rent in ZIP 32962 changed +1.4%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.