Real Estate Investing in Fellsmere, Florida

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1 ZIP codes • Population: 6,802 • Indian River County

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Should you buy in Fellsmere, FL? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (45/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 18.2% of homes vacant — above national norms.
  • Higher unemployment: 10.8% unemployment — tenant risk signal.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $339,375
Avg Monthly Rent $1,143
ZIP Codes 1

Investing in Fellsmere Real Estate

Fellsmere (Florida) spans 1 ZIPs and roughly a sizable population. firmly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Fellsmere is in that category.

Market conditions in Fellsmere are underwhelming. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Distressed-leaning demographics in Fellsmere — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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Best ZIP codes in Sebastian-Vero Beach, FL

Fellsmere is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Indian River County

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Elliott Merrill Communities provides expert community management services in Vero Beach. summary from their website

HOA
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Garrett Property Management offers property management and landscape services. summary from their website

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Keystone Property Management Group, Inc. provides property management services. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$339,375
Avg Monthly Rent
$1,143
1% Rule
✗ Below
Landlord Friendly (FL)

ZIP Codes in Fellsmere, FL

Screen every ZIP in Fellsmere

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Frequently Asked Questions About Fellsmere, FL

Are rents high in Fellsmere, FL?

Rental rates in Fellsmere, FL average $1,143/mo. Tenant demand and $339K home values make the yield look reasonable by investor standards.

What price range are homes in Fellsmere, FL?

Homes in Fellsmere, FL typically sell near $339K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.

Do rentals sit vacant long in Fellsmere, FL?

Occupancy in Fellsmere, FL runs even-keeled with elevated vacancy. Well-priced units at $1,143/mo lease on reasonable timelines.

Can I house hack in Fellsmere, FL?

The house hack math a challenging in Fellsmere, FL. Owner-occupant buyers benefit from the $1,143/mo rents and $339K home values.

What type of investing works in Fellsmere, FL?

In Fellsmere, FL the significant play is typically careful cash-flow rentals with hands-on management. The combination of $339K prices and $1,143/mo rents suits that approach.

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