HomeFloridaIndian River County
Indian River County, Florida: commercial real estate data.
Indian River County, Florida has a population of 166,936 across 503 square miles, up 7.7 percent since the 2020 census base. 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.
128 sourced county values · tier FULL · 12 sections
Indian River County
How many people live in Indian River County
- Population166,936
- 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-equivalents413th
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 an affordable ownership market 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 storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Indian River County
Is Indian River County growing
- Population change since the 2020 census base7.73 percent
- Census 2020 base population159,789
- 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
The county has grown 7.73 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone 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 people moving to Indian River County come from
- Tax returns filed by households arriving6,795
- People arriving, from those returns11,474
- Adjusted gross income arriving$1.21 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$177,669
- Largest single originIndian River County Non-migrants (66,798 households)
- Largest single destination (66,798 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Indian River County Non-migrants | 66,798 | 122,719 | $11.51 bn |
| Other flows - Different State | 2,632 | 4,478 | $561.5 m |
| St. Lucie County | 863 | 1,541 | $42.9 m |
| Other flows - South | 850 | 1,406 | $196.9 m |
| Other flows - Northeast | 849 | 1,443 | $212.2 m |
| Other flows - Midwest | 497 | 876 | $80.1 m |
| Brevard County | 443 | 737 | $29.1 m |
| Other flows - West | 436 | 753 | $72.3 m |
The largest single source of arrivals is Indian River County Non-migrants, 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 the Indian River County economy runs on
- 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 Florida counties28th
- Rank by GDP among US county-equivalents405th
- 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
Who employs people in Indian River County
- Covered employment, annual average57,522
- Establishments reporting5,868
- Average annual pay$57,991
- Average weekly wage$1,115
- Sector 62, employment10,906
- Sector 62, average annual pay$65,854
- Sector 44-45, employment8,978
- Sector 44-45, average annual pay$37,472
- Sector 72, employment5,843
- Sector 72, average annual pay$29,089
- Sector 23, employment4,959
- Sector 23, average annual pay$58,165
- Sector 56, employment3,433
- Sector 54, employment2,894
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 10,906 | 684 | $65,854 |
| Sector 44-45 | 8,978 | 659 | $37,472 |
| Sector 72 | 5,843 | 336 | $29,089 |
| Sector 23 | 4,959 | 751 | $58,165 |
| Sector 56 | 3,433 | 523 | $46,027 |
| Sector 54 | 2,894 | 799 | $97,276 |
| Sector 31-33 | 2,816 | 159 | $66,472 |
| Sector 71 | 2,692 | 105 | $46,136 |
The largest sector is the biggest private employer group at 10,906 jobs, 19.0 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Indian River County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Indian River County
What is being built in Indian River County
- Housing units authorised by permit, 2024557
- Declared construction value permitted$201.3 m
- Single family units authorised279
- Multifamily units authorised278
- Multifamily share of units49.9 percent
- Average declared value per unit$361,386
- Units authorised per 1,000 households7.9
Multifamily is 49.9 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Indian River County
How much SBA lending happens in Indian River County
- 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
- Leading industry by approval countRoofing Contractors (7)
- 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)
- 7(a) share of SBA approvals78.7 percent
- Combined SBA approval dollars$188.5 m
The average approval of $659,622 sits well above the median of $252,700, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
Do SBA loans in Indian River County get paid back
- Loans with a final outcome recorded29
- Paid in full28
- Charged off1
- Charge off rate on resolved loans3.4 percent
- Status: Cancelled28
- Status: Exempt from disclosure148
- Status: Paid in full28
- Status: Charged off1
- Status: Committed, not yet disbursed6
Of the 29 loans that have reached a final outcome, 3.4 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Indian River County
Which parts of Indian River County get the lending
- Places in the county with recorded lending5
- Vero Beach, approvals179
- Sebastian, approvals28
- Fellsmere, approvals2
- Saint Petersburg, approvals1
- INDIALANTIC, approvals1
| Place | 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 big 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
What hazards affect Indian River County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities 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
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 5, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population166,936
- 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?
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 growing?
The population has grown 7.73 percent since the 2020 census base. 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 there 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 the average wage in Indian River County?
Average annual pay is $57,991, or $1,115 a week, across 57,522 covered jobs. 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 totalling $139.2 m since FY2020, across 57 lenders, with a median approval of $252,700, plus 57 504 approvals worth $49.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Indian River County get paid back?
Of the 29 loans that have reached a final outcome, 28 were paid in full and 1 charged off, a charge off rate of 3.4 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Indian River County?
557 housing units were authorised 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 Indian River County Non-migrants, with 66,798 households. Arriving households report an average income of $177,669 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.