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City · 26,262 residents · Indian River County, Florida

Sebastian , Florida

In Sebastian, a typical home is worth $317,000 and typical rent is $1,451 a month. Compared with all of Indian River County, the typical home value is 10% lower, typical rent is 7% higher, and the share of households that own their home is 5 points higher.

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  • Typical home value

    $317,000

    10% below the county

    12% below Florida

    • Sebastian
    • Indian River
    • Florida

  • Typical rent

    $1,451a month

    7% above the county

    13% below Florida

    • Sebastian
    • Indian River
    • Florida

  • Typical household income

    $69,409a year

    6% below the county

    7% below Florida

    • Sebastian
    • Indian River
    • Florida

  • Households that own their home

    85%

    5 points above the county

    18 points above Florida

    • Sebastian
    • Indian River
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$346,985
about the same as 12 months ago
Typical rent
$2,262 a month
6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Sebastian is in Indian River County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Indian River County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Sebastian apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Micco, the typical home value is $172,600: 46% less than in Sebastian ($317,000).

  2. Nearby, in Vero Beach, the typical rent is $1,221: 16% less than in Sebastian ($1,451).

  3. 85% of households in Sebastian own their home, against 80% in Indian River County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Sebastian

What homes there are in Sebastian, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Sebastian, 9 in 10 homes are single-family detached houses; in Indian River County, 7.

Year built

Homes in Sebastian are newer: the typical year built is 1995; in Indian River County, 1991.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Indian River County is $541,287, and about 92% of owner-occupied homes in Sebastian are worth less than that.

Monthly rent with utilities

With a mortgage

$1,613 a month

Indian River County: $1,722 a month

Without a mortgage

$494 a month

Indian River County: $692 a month

Owners with a mortgage

53%

Indian River County: 47%

Owning costs less in Sebastian: with a mortgage, the typical cost is $1,613 a month; in Indian River County, $1,722. Without one, $494.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Sebastian gained value more slowly than in Indian River County: 62% since 2015–2019, against 74%.

Rents in Sebastian rose more slowly than in Indian River County: 38% since 2015–2019, against 42%.

The typical household income in Sebastian rose 29%: less than home values (+62%) and rent (+38%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSebastianIndian River CountyFloridaUnited States
Rental vacancy Unreliable estimate9.5%7.6%5.5%
Homeowner vacancy Unreliable estimate2.3%1.4%0.9%
More than one person per room Unreliable estimate1.5%3.3%3.4%
People per household 2.262.332.512.53
Drive alone 79%72%70%69%
Carpool 9%11%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 9%14%16%15%
Other means Unreliable estimate2%2%2%
Typical commute 20 to 29 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

By size, households in Sebastian look like those in Indian River County: 2.26 people on average.

The car rules in Sebastian: 79% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Sebastian?

A typical home costs more than the typical income allows

We start with a typical home in Sebastian, worth $317,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Sebastian, which is $69,409 a year. For that payment to be 28% of income, a household would need to earn about $109,396 a year.

The calculator's FHA and conventional loan limits are those of all of Indian River County.

Your numbers

Local data
$

Starts at the typical home value in Sebastian. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,095 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,553

at 7.18% · 30 years

Loan amount
$311,258
Total interest
$447,828
Paid off in
November 2056

Includes $5,353 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,620 a month

  • Tight

    $1,620 to $2,082 a month

  • Hard

    more than $2,082 a month

    Your payment · 44%

Compared with the typical household income in Sebastian ($69,409 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,553
Principal & interest$2,109
Property tax$172
Home insurance$132
FHA mortgage insurance (MIP)$140

You need at least $11,095 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Sebastian and Indian River County

Sebastian is in Indian River County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Sebastian's own numbers

Typical home value
$317,000
Typical monthly rent
$1,451
Typical yearly household income
$69,409
Households that own their home
85%
Effective property tax rate
0.65%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Indian River County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,542
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
13%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Indian River County.

Everything about Indian River County

Buying

Buying a home in Sebastian

A typical home in Sebastian is worth $317,000: 10% below the county and 12% below Florida. With the typical household income in Sebastian ($69,409 a year), a typical home costs 4.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Sebastian 4.6 years
  • Indian River 4.8 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Indian River County

According to FHFA’s house price index, home prices in Indian River County rose 136% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Indian River County.

Period County Florida U.S.
Last year (2025) −1.6% −0.5% +2.9%
5 years (2020–2025) +58% +60% +47%
10 years (2015–2025) +136% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Sebastian next to Indian River County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Sebastian $317,000
  • Indian River $351,500
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Sebastian $1,451
  • Indian River $1,357
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Sebastian $69,409
  • Indian River $73,491
  • Florida $74,568
  • United States $80,734
See the full table
Sebastian next to Indian River County and Florida
Measure Sebastian Indian River County Florida U.S.
Typical home value $317,000 $351,500 $359,000 $332,700
Typical monthly rent $1,451 $1,357 $1,669 $1,413
Typical yearly household income $69,409 $73,491 $74,568 $80,734
Households that own their home 85% 80% 68% 65%
Typical yearly property tax $2,062 $2,436 $2,730 $3,119
Effective property tax rate 0.65% 0.69% 0.76% 0.94%
Renters with high rent for their income 61% 57% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Indian River County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Sebastian

For a typical $317,000 home in Sebastian, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Sebastian's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,553a month

    Least cash to close
    Down payment
    $11,095
    Cash to close
    $20,605
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $140

  • Conventional, 5% down $2,494a month

    Down payment
    $15,850
    Cash to close
    $25,360
    Rate
    7.18%
    Mortgage insurance
    PMI · $151

  • Conventional, 20% down, no PMI $2,022a month

    Down payment
    $63,400
    Cash to close
    $72,910
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,315a month

    Down payment
    $47,550
    Cash to close
    $57,060
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Sebastian and for Indian River County.

Property tax

Effective rate in Sebastian

0.65%of the home’s value each year

$2,062 a year for the typical owner in Sebastian.

  • Sebastian 0.65%
  • Indian River 0.69%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Indian River County

FEMA does not publish these numbers by city: they are for all of Indian River County.

Homes in the high-risk zone
13%
9,634
Of those, with NFIP insurance
52%
County Florida U.S.
Homes in the high-risk zone 13% 13% 3.5%
Of those, with NFIP insurance 52% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Sebastian

Typical rent in Sebastian is $1,451 a month: 7% above the county. In Sebastian, 61% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Indian River County, by unit size. To pay the 2-bedroom one ($1,542 a month) without spending more than 30% of your income, you would need to earn $29.65 an hour working full time.

HUD fair market rent for all of Indian River County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,171 $22.52 $46,840
1 bedroom $1,179 $22.67 $47,160
2 bedrooms $1,542 $29.65 $61,680
3 bedrooms $1,882 $36.19 $75,280
4 bedrooms $2,577 $49.56 $103,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Sebastian

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Sebastian is in ZIP code 32958.

For 2 bedrooms it is $1,650: $108 more than the fair market rent for Indian River County ($1,542).

  • 32958 $1,650$2,010

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Sebastian when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Sebastian

HUD lists 2 buildings with rents for lower incomes in Sebastian. These are the largest.

  • Pelican Isles 925 Pelican Isles Cir, Sebastian 32958 150 low-income homes · 1 bd: 32 · 2 bd: 78 · 3 bd: 40 · In service since 2005 · For families
  • Grace's Landing 1010 Graces Landing Cir, Sebastian 32958 70 homes, 69 low-income · 1 bd: 56 · 2 bd: 14 · In service since 1997

See all 18 buildings in Indian River County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Sebastian

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Indian River County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Sebastian

No down payment, repair or rent-help program on our list is for Sebastian or Indian River County. The ones below are statewide in Florida: they work in Sebastian the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Sebastian

The HUD-approved agencies closest to the center of Sebastian, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Housing Initiative, Inc

    3033 College Wood Dr, Melbourne · 29 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (321) 253-0053

  • Debt Management Credit Counseling Corp.

    941 SE Central Pkwy, Stuart · 44 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (866) 618-3328

  • Florida Non-Profit Housing Inc

    3909 Kenilworth Blvd, Sebring · 61 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (863) 385-2519

All counseling agencies in Florida

Help in Spanish near Sebastian

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Sebastian

In HUD’s record, no housing authority with an office in Indian River County is named for Sebastian or Indian River County.

One other authority has an office in Indian River County: see the list Source: HUD

Cities

Other cities in Indian River County

These cities are also in Indian River County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Indian River County Housing in Florida

Nearby cities

The cities closest to Sebastian, with the typical home value.

Neighboring counties

If Indian River County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Sebastian.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Sebastian

Short answers with the numbers for Sebastian and all of Indian River County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Sebastian?

The typical home value in Sebastian is $317,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Indian River County it is $351,500.

How much does it cost to rent in Sebastian?

Typical rent in Sebastian is $1,451 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Indian River County is $1,542.

What is the FHA loan limit in Sebastian?

Sebastian uses the FHA limit for all of Indian River County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Sebastian?

The typical homeowner in Sebastian pays $2,062 a year, according to the U.S. Census Bureau. That is 0.65% of the home’s value; in Indian River County, the rate is 0.69%.

Where can I find free help to buy or rent in Sebastian?

We found no HUD-approved counseling agencies with an office in Indian River County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).