CENSUS TRACT
Census Tract 507.02
Florida · Indian River County · 4,641 residents · 2.94 sq mi
Notable rankings
#182lowest low poverty in FL2.3%TRACT SHAPE · Indian River County, FL
The short version
Census Tract 507.02 has roughly average household income, with a median household income of $81,771. Population has declined 13% since 2020. Median home value is $367,000. With a median age of 49.6, the population is older than the US median of 38.9. Poverty is rare here, at 2.3% of residents.
At a glance
Average income
near the US median
US median: $82,259
Older
median age 49.6
US median: 38.9
Less educated
30% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
4,641
−13%since 2020
from 5,306 in 2020
2020 – 2024
Population density
1,579 / sq mi
−13%since 2020
from 1,805 / sq mi in 2020
US average: 281
Median age
49.6
+2%since 2020
from 48.4 in 2020
US average: 38.9
Population, 2020 – 2024
20245K
Section 02
Income & economy
Median household income
$81,771
+5%inflation adjusted, since 2020
from $64,375 in 2020
US average: $82,259
2020 – 2024
Per capita income
$45,304
+32%since 2020
from $34,292 in 2020
US average: $44,673
Households earning $100K+
56.9%
+20.2 ptssince 2020
from 36.7% in 2020
US average: 53.3%
Poverty rate
2.3%
−11.0 ptssince 2020
from 13.3% in 2020
US average: 12.5%
Income inequality (Gini)
0.410
−12%since 2020
from 0.465 in 2020
US average: 0.476
Workforce by industry, 2024
Information17.9%
Finance & insurance13%
Professional, scientific, technical13%
Wholesale trade8.9%
Other services7.8%
Public administration4.3%
Arts, entertainment, food1.5%
Retail trade1.3%
Transportation & warehousing0.4%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$367,000
+23%inflation adjusted, since 2020
from $245,600 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,457
+3%inflation adjusted, since 2020
from $1,167 in 2020
US average: $1,442
Owner-occupied
91.0%
−1.5 ptssince 2020
from 92.5% in 2020
9.0% rent
Vacancy rate
15.9%
+9.4 ptssince 2020
from 6.6% in 2020
US average: 10.0%
Owner cost-burdened
17.2%
−1.4 ptssince 2020
from 18.6% in 2020
US average: 22.9%
Renter cost-burdened
37.5%
−21.2 ptssince 2020
from 58.7% in 2020
US average: 47.4%
Afford Score
4.5
+18%since 2020
from 3.8 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 507.02 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic81.5%(4,322)
Black0%(0)
Hispanic / Latino15.3%(810)
Asian0%(0)
Other3.3%(174)
Diversity Score39%(2,070)
2024
White, non-Hispanic82.1%(3,811)
Black0.6%(27)
Hispanic / Latino11.9%(554)
Asian0.5%(23)
Other4.9%(226)
Diversity Score38.6%(1,793)
Diversity Score
39
−1%since 2020
from 39 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
29.9%
+3.3 ptssince 2020
from 26.6% in 2020
US average: 35.6%
High school or higher
93.2%
−4.7 ptssince 2020
from 97.9% in 2020
US average: 89.6%
Graduate degree
10.6%
+2.3 ptssince 2020
from 8.3% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
24.1 min
+27%since 2020
from 18.9 min in 2020
US average: 26.5
Drive alone to work
83.9%
+1.0 ptssince 2020
from 82.9% in 2020
US average: 68.9%
Carpooled to work
5.7%
−1.3 ptssince 2020
from 7.0% in 2020
US average: 8.5%
Public transit
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 3.2%
Worked from home
10.4%
+1.2 ptssince 2020
from 9.2% in 2020
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 2.4%
Biked to work
0.0%
−0.9 ptssince 2020
from 0.9% in 2020
US average: 0.4%
No vehicle available
0.0%
−4.4 ptssince 2020
from 4.4% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
3.1%
−4.4 ptssince 2020
from 7.4% in 2020
US average: 5.2%
Labor force participation
53.2%
−6.6 ptssince 2020
from 59.9% in 2020
US average: 63.5%
Self-employed
12.3%
+3.9 ptssince 2020
from 8.4% in 2020
US average: 13.1%
Management & professional
39.3%
−2.5 ptssince 2020
from 41.8% in 2020
US average: 42.5%
Section 08
People & community
Male
45.7%
−2.5 ptssince 2020
from 48.2% in 2020
Female
54.3%
+2.5 ptssince 2020
from 51.8% in 2020
Foreign born
7.4%
−2.7 ptssince 2020
from 10.2% in 2020
US average: 14.1%
Veterans
11.5%
−1.3 ptssince 2020
from 12.8% in 2020
US average: 6.2%
With a disability
15.9%
+0.7 ptssince 2020
from 15.2% in 2020
US average: 13.3%
Uninsured
8.6%
−1.9 ptssince 2020
from 10.5% in 2020
US average: 8.4%
Broadband at home
94.0%
+3.7 ptssince 2020
from 90.3% in 2020
US average: 91.0%
English only at home
89.1%
+1.7 ptssince 2020
from 87.4% in 2020
US average: 77.7%
Spanish at home
10.0%
−1.1 ptssince 2020
from 11.1% in 2020
US average: 13.6%
Drill deeper
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Compare Census Tract 507.02 to nearby tracts
CENSUS TRACT 507.02 VS
Census Tract 501.02
Income$54,464−33%
Home value$283,900−23%
Population3,695−20%
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CENSUS TRACT 507.02 VS
Census Tract 507.04
Income$79,583−3%
Home value$354,500−3%
Population3,855−17%
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CENSUS TRACT 507.02 VS
Census Tract 501.01
Income$47,485−42%
Home value$264,600−28%
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CENSUS TRACT 507.02 VS
Census Tract 507.06
Income$95,227+16%
Home value$415,000+13%
Population6,270+35%
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Frequently asked
How many people live in this census tract?
this census tract has about 4,641 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $81,771 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $367,000, and the typical rent is about $1,457 a month.
How educated are people in this census tract?
About 29.9% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 2.3% of people in this census tract live below the federal poverty line.
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Containing area
Indian River CountyOther census tracts in Indian River County
Census Tract 508.11Census Tract 506.03Census Tract 509.03Census Tract 508.09Census Tract 507.06Census Tract 506.07Census Tract 506.08Census Tract 506.02Census Tract 508.06Census Tract 501.01Census Tract 508.07Census Tract 507.07Census Tract 509.08Census Tract 509.05Census Tract 508.08Census Tract 505.06DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024