HomeFloridaIndian River County
Indian River County, Florida: commercial real estate data.
Indian River County, Florida had an estimated 172,139 residents on July 1, 2024, up 7.7 percent since the 2020 census base of 159,789, across 503 square miles. County output reached $11.15 bn in 2024, 4,820 establishments operate here, and the SBA record carries 211 7(a) approvals worth $139.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Indian River County
How many people live in Indian River County
- Population, American Community Survey 2020-2024166,936
- Households70,816
- Average household size2.36
- Median household income$73,491
- Median age55.3
- Median gross rent$1,357 per month
- Median owner-occupied home value$351,500
- Home value to household income4.8 times
- Annual rent as a share of median income22.2 percent
- Adults 25 and over with a bachelor degree or higher33.8 percent
- Adults 25 and over with a graduate degree14.0 percent
- Adults 25 and over131,802
- Population under 1825,086
- Share under 1815.0 percent
- Population 65 and over58,171
- Share 65 and over34.8 percent
- Working age population, 18 to 6483,679
- Civilian labor force69,705
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over49.1 percent
- Rank by population among Florida counties31st of 67
- Rank by population among US county-equivalents, Puerto Rico included413th of 3,222
Indian River County is the 31st largest of 67 Florida counties by population. A median home costs 4.8 times median household income, which is seriously unaffordable by national standards. Residents 65 and over outnumber those under 18, at 34.8 percent against 15.0 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Indian River County
Is Indian River County's population growing?
- Population, July 1, 2024172,139
- Census 2020 base population159,789
- Population change since the 2020 census base7.73 percent
- Population change, 2023 to 20241,652
- Births, 20241,229
- Deaths, 20242,561
- Natural change, 2024-1,332
- Net domestic migration, 20241,946
- Net international migration, 20241,028
- Total net migration, 20242,974
- Cumulative net domestic migration, 2021 to 202414,406
- Rank by growth among US county-equivalents260th of 3,144
The county has grown 7.73 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Indian River County
Where are people moving to Indian River County from?
- Tax returns filed by households arriving6,795
- People arriving, from those returns11,474
- Tax returns filed by households leaving4,695
- Net household movement2,100
- Adjusted gross income arriving$1.21 bn
- Net adjusted gross income movement$731.8 m
- Average income of an arriving household$177,669
- Average income of a leaving household$101,271
- Largest single originSt. Lucie County (863 households)
- Largest single destinationSt. Lucie County (590 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| St. Lucie County | 863 | 1,541 | $42.9 m |
| Brevard County | 443 | 737 | $29.1 m |
| Palm Beach County | 318 | 515 | $27.3 m |
| Broward County | 305 | 491 | $31.7 m |
| Miami-Dade County | 189 | 335 | $17.6 m |
| Suffolk County | 118 | 210 | $17.7 m |
| Orange County | 104 | 155 | $7.2 m |
| Martin County | 94 | 141 | $8.2 m |
Households arriving report $76,398 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is St. Lucie County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Indian River County
What is the Indian River County economy?
- County GDP, 2024$11.15 bn
- County GDP, 2023$10.48 bn
- GDP change, 2023 to 20246.4 percent
- GDP change over five years48.8 percent
- Rank by GDP among the Florida areas BEA publishes28th of 67
- Rank by GDP among the US county areas BEA publishes405th of 3,127
- GDP per resident$66,803
Output grew 6.4 percent in the latest year and 48.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Indian River County
Employment by industry in Indian River County
- Covered employment, annual average57,522
- Establishments reporting5,868
- Average annual pay$57,991
- Average weekly wage$1,115
- Health care and social assistance, employment10,906
- Health care and social assistance, average annual pay$65,854
- Retail trade, employment8,978
- Retail trade, average annual pay$37,472
- Accommodation and food services, employment5,843
- Accommodation and food services, average annual pay$29,089
- Construction, employment4,959
- Construction, average annual pay$58,165
- Administrative and support and waste management services, employment3,433
- Professional, scientific and technical services, employment2,894
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 10,906 | 684 | $65,854 |
| Retail trade | 8,978 | 659 | $37,472 |
| Accommodation and food services | 5,843 | 336 | $29,089 |
| Construction | 4,959 | 751 | $58,165 |
| Administrative and support and waste management services | 3,433 | 523 | $46,027 |
| Professional, scientific and technical services | 2,894 | 799 | $97,276 |
| Manufacturing | 2,816 | 159 | $66,472 |
| Arts, entertainment and recreation | 2,692 | 105 | $46,136 |
Health care and social assistance is the largest private sector at 10,906 jobs, 19.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Indian River County
How many businesses are in Indian River County?
- Establishments, all industries4,820
- Employment at those establishments51,628
- Annual payroll$2.62 bn
- Establishments per 1,000 residents28.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Indian River County
Building permits in Indian River County
- Housing units authorized by permit, 2024557
- Declared construction value permitted$201.3 m
- Single family units authorized279
- Multifamily units authorized278
- Multifamily share of units49.9 percent
- Average declared value per unit$361,386
- Units authorized per 1,000 households7.9
Multifamily is 49.9 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Indian River County
SBA loans in Indian River County (7(a) and 504)
- 7(a) approvals recorded211
- 7(a) gross approval dollars$139.2 m
- Average 7(a) approval$659,622
- Median 7(a) approval$252,700
- 10th percentile approval$25,000
- 90th percentile approval$1,888,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,134
- Jobs per approval10.1
- Distinct 7(a) lenders active57
- Distinct industries receiving approvals113
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer18.0 percent
- Loans on real estate terms38
- Loans on working capital terms, 120 months or shorter161
- Franchise loans21
- Franchise share of approvals10.0 percent
- Most active lenderTD Bank, National Association (44)
- 504 approvals recorded57
- 504 gross approval dollars$49.3 m
- Average 504 approval$864,649
- Median 504 approval$694,000
- Distinct CDCs active3
- 504 jobs per approval9.1
- 504 jobs per million dollars approved10.5
- Most active CDCFlorida First Capital Finance Corporation, Inc. (33)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$188.5 m
The average approval of $659,622 sits well above the median of $252,700, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 18.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Indian River County
SBA loan default and charge-off rates in Indian River County
Do SBA loans in Indian River County get paid back?
- Loans with a final outcome recorded29
- Paid in full28
- Charged off1
- Status: Cancelled28
- Status: Exempt from disclosure148
- Status: Paid in full28
- Status: Charged off1
- Status: Committed, not yet disbursed6
Only 29 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Indian River County
SBA lending by place in Indian River County
- Borrower cities with recorded lending5
- Vero Beach, approvals179
- Sebastian, approvals28
- Fellsmere, approvals2
- Saint Petersburg, approvals1
- Indialantic, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Vero Beach | 179 | $109,073,100 |
| Sebastian | 28 | $27,919,700 |
| Fellsmere | 2 | $630,000 |
| Saint Petersburg | 1 | $1,102,500 |
| Indialantic | 1 | $455,000 |
Vero Beach accounts for 179 approvals against 28 in Sebastian. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Indian River County
How large is Indian River County?
- Land area503 sq mi
- Rank by land area among Florida counties59th of 67
- Width, east to west33.8 mi
- Height, north to south20.9 mi
- Geographies sharing a boundary4
- Residents per square mile of land332
- Establishments per square mile9.58
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Indian River County
Flood risk in Indian River County
- Participation of the county's own NFIP community Indian River County, unincorporated areasParticipating, community 120119
- Community Rating System class of the county's own communityClass 5
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP6
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class5
- Radon levels in Indian River County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Indian River County (community 120119), participates in the National Flood Insurance Program and carries Community Rating System class 5, a flood insurance premium discount for policies written there. The EPA places Indian River County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 5, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Indian River County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Indian River County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024166,936
- Households70,816
- Average household size2.36
- Median household income$73,491
- Median age55.3
Common questions
Indian River County questions, answered from the record.
How many people live in Indian River County, Florida?
The Census Bureau estimates 172,139 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 166,936, in 70,816 households, ranking 31st of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Indian River County's population growing?
The population has grown 7.73 percent since the 2020 census base of 159,789, to 172,139 on July 1, 2024. In 2024 there were 1,229 births against 2,561 deaths, with net migration of 2,974. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Indian River County?
$73,491. The median owner-occupied home is valued at $351,500, which is 4.8 times income, and median gross rent is $1,357 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Indian River County?
4,820 establishments, employing 51,628 people with an annual payroll of $2.62 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Indian River County?
Health care and social assistance is the largest private sector at 10,906 jobs, 19.0 percent of covered employment. Covered employment averages 57,522 jobs at an average annual pay of $57,991, or $1,115 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Indian River County?
211 7(a) approvals totaling $139.2 m since FY2020, across 57 lenders, with a median approval of $252,700, plus 57 504 approvals worth $49.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Indian River County?
557 housing units were authorized by permit in 2024, with a declared construction value of $201.3 m. Multifamily was 49.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Indian River County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Indian River County come from?
The largest single origin is St. Lucie County, with 863 households. Arriving households report an average income of $177,669 against $101,271 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Indian River County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Indian River County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Indian River County
Cities and places in Indian River.
16 Census places lie wholly or partly in Indian River County. All 16 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Vero Beach South | CDP | 30,344 | None recorded | Wholly in this county |
| Sebastian | city | 26,262 | 28 | Wholly in this county |
| Florida Ridge | CDP | 20,889 | None recorded | Wholly in this county |
| Vero Beach | city | 17,042 | 179 | Wholly in this county |
| West Vero Corridor | CDP | 10,461 | None recorded | Wholly in this county |
| Vero Lake Estates | CDP | 6,559 | None recorded | Wholly in this county |
| Winter Beach | CDP | 4,985 | None recorded | Wholly in this county |
| Fellsmere | city | 4,953 | 2 | Wholly in this county |
| Gifford | CDP | 4,668 | None recorded | Wholly in this county |
| Indian River Shores | town | 4,386 | None recorded | Wholly in this county |
| South Beach | CDP | 3,063 | None recorded | Wholly in this county |
| Wabasso Beach | CDP | 2,262 | None recorded | Wholly in this county |
| Roseland | CDP | 2,142 | None recorded | Wholly in this county |
| Wabasso | CDP | 1,467 | None recorded | Wholly in this county |
| Orchid | town | 441 | None recorded | Wholly in this county |
| Windsor | CDP | 338 | None recorded | Wholly in this county |
A further 2 of the county's 211 SBA 7(a) approvals are to borrowers in cities that match no Census place in Indian River County, the largest being Saint Petersburg (1), Indialantic (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby