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Fellsmere city, FL

ZIP 32948 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32948

Median Home Value
$196,200
Median Rent
$830
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,260/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32948 in Fellsmere city, FL, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,260. That sits below the local median household income ($60,099), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.4%+21% vs US avg
x
Vacancy Rate
10.3%+0% vs US avg
x
Broadband Access
82.4%-5% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
29.6%-40% vs US avg
x
Mortgage-Free
61.4%+61% vs US avg
x
$196,200
Home Value
$830
Rent
1992
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached65.9%
  • 1-unit attached1.7%
  • 2-9 units1.6%
  • 10+ units4.5%
  • Mobile home & other26.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$196,200
Median rent$830
Owner-occupied79.4%
Vacant10.3%
Price-to-income3.3x
Est. income to buy$54,000