ZIP Code · FL

ZIP 32963

Part of Indian River Shores, FL

Pop. 15,008·Indian River County·10th most expensive ZIP in Florida

Median rent (all units)

$5,344/mo

Year-over-Year

-10.7%

Month-over-Month

+0.9%

vs US Median

+$3,412

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 32963 · $5,344

More expensive than 99% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,820

1 BR

$1,840

2 BR

$2,410

3 BR

$2,940

4 BR+

$4,040

Research median

$2,410/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

Past year vs. the rest of Florida

Rent in ZIP 32963 changed -10.7% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($149,923) is $3,748 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,940); a 4-bedroom is $4,040.

Cheaper nearby

ZIP 32967, 4 miles away, rents for 54% less ($2,476/mo), about $34,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32963. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$64,128/yr

At $5,344/mo median

Location

CityIndian River Shores

StateFL

CountyIndian River County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 10.7% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-10.7% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 32963 (Indian River Shores, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 69% of residents hold a bachelor's degree or higher.

Population

15,008

Median income

$149,923

Median age

69.1

Renters

4.9%

Age distribution

19.2%

60.2%

Under 185.6%

18–343.8%

35–5411.2%

55–6419.2%

65+60.2%

Gender

45.8%

54.2%

Male45.8%

Female54.2%

Race & ethnicity

93%

White93%

Black0.7%

Hispanic2.8%

Asian1.5%

Other1.9%

Education (25+)

12.1%

17.7%

69%

No HS diploma1.2%

HS diploma12.1%

Some college17.7%

Bachelor's+69%

Housing tenure

95.1%

Owner95.1%

Renter4.9%

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

2021 vs 2026

How ZIP 32963 in Indian River Shores, FL has changed in 5 years

Income

$126,650 → $149,923

up 18.4%

Population

15,182 → 15,008

down 1.1%

Renter share

5.8% → 4.9%

-0.9 pts

Bachelor's+

68.8% → 69%

+0.2 pts

On the earnings side, the typical household in ZIP 32963 in Indian River Shores, FL now reports about $149,923, up from $126,650 in 2021. Census counts show ZIP 32963 in Indian River Shores, FL losing about 174 residents over the five-year window, down 1.1% on net.

Community

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Local insights

Tips for renters in ZIP 32963

About renting in ZIP 32963

Last updated: October 17, 2026

ZIP code 32963 covers Indian River Shores, FL. The median rent here is $5,344/mo as of October 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,410/mo.

At 43% of local median household income ($149,923/yr), ZIP 32963 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 10.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32963?

To keep rent at or below 30% of gross income, you would need to earn at least $214,000/year (about $103/hour full-time) to afford the median rent of $5,344/mo in ZIP 32963. The local median household income is $149,923/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32963?

Rent in ZIP 32963 has fallen 10.7% over the past year.

How does ZIP 32963 compare to other ZIPs in Florida?

ZIP 32963 is one of the pricier among Florida ZIP codes for rent, ranking #10 of 656 at $5,344/mo. Over the year to September 2026, rent in ZIP 32963 changed -10.7%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.