South Beach, FL housing market
Homes typically sell in 167 days, below asking.
Home values, sales, trends and how South Beach compares with the towns next door — updated as new data is published.
South Beach at a glance
A seller's market
Supply is tight — about 2.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 56% in 5 years
The federal house price index for the ZIP code around South Beach rose 56% over the past 5 years, slower than across Florida (60%). Last year prices fell 8.1%. Carrying the Census median home value forward with that index puts the typical South Beach home at roughly $1,545,000 today.
Show as a table
| Year | Change that year | Since 2000 | Florida since 2000 |
|---|---|---|---|
| 2025 | −8.1% | +283% | +264% |
| 2024 | +8.1% | +317% | +266% |
| 2023 | +10% | +286% | +254% |
| 2022 | +17% | +249% | +226% |
| 2021 | +21% | +197% | +163% |
| 2020 | +3.5% | +145% | +128% |
| 2019 | +6.1% | +137% | +117% |
| 2018 | +9.5% | +123% | +106% |
| 2017 | +1.2% | +104% | +90% |
| 2016 | +11% | +102% | +76% |
| 2015 | +12% | +82% | +61% |
| 2014 | +4.7% | +62% | +47% |
| 2013 | +4.9% | +55% | +34% |
| 2012 | −0.6% | +48% | +24% |
| 2011 | −2% | +49% | +26% |
| 2010 | −7.1% | +52% | +36% |
| 2009 | −11% | +64% | +50% |
| 2008 | −10% | +83% | +83% |
| 2007 | −10% | +103% | +117% |
| 2006 | +14% | +127% | +123% |
| 2005 | +25% | +100% | +92% |
| 2004 | +13% | +60% | +51% |
| 2003 | +8.6% | +41% | +30% |
| 2002 | +14% | +30% | +20% |
| 2001 | +14% | +14% | +9.7% |
| 2000 | — | — | — |
How South Beach ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 32963, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
South Beach and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| South Beach | — | −8.1%† | $2,410 | $193,594 |
| Vero Beach | $362K | −1.9% | $1,750 | $69,758 |
| Florida Ridge | — | −3.7%† | $1,560 | $66,625 |
| Vero Beach South | — | −1.2%† | $1,860 | $73,420 |
† FHFA price index change, where Zillow has no home value for the town.
4.7 years of income
The typical South Beach home costs about 4.7 years of the town's median household income, less than across Florida (5 years).
How South Beach ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,410
HUD's Fair Market Rent for a two-bedroom in South Beach is $2,410 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in South Beach pay a median of $3,501. A two-bedroom takes about 15% of the town's median household income.
Studio $1,820 · 4 bedrooms $4,040
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32963; Sebastian-Vero Beach-West Vero Corridor, FL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.