Median Listing Price
$700k
Sample of ~50 active STR-suitable listings analyzed.
Median Land Ratio
24%
Lower is better — leaves 76% of purchase price as depreciable basis.
Bonus-Eligible %
25.3%
Median % of purchase price classifiable as 5-yr or 15-yr property under §168(k).
Federal Savings @ 37%
$66k
Median federal tax savings on a $700k purchase. Range $56k–$75k.
Why Vero Beach ranks #16
Treasure Coast STR market with Florida's full §168(k) conformity and no state income tax. Vero Beach inventory is dominated by mid-priced beach condos and single-family rentals with pools, cabanas, and outdoor entertainment stacks. Coastal land ratios are moderate for the price tier, which keeps bonus-eligible % competitive with more expensive FL markets.
1. Land ratio drives the math
Coastal land usually crushes bonus depreciation math, but Vero Beach runs an unusually low ~24% land ratio for a beach market — partly density, partly geography. On a $700k purchase, that's roughly $532k of depreciable basis vs. $168k of non-depreciable land.
2. Full state conformity stacks federal and state benefits
FL conforms fully to federal §168(k), so Vero Beach investors get both the federal AND state deduction. The Total Tax Benefit column in the DepreciMax Top 50 reflects this stacking — federal savings at the 37% top marginal rate plus state savings at FL's top marginal rate. Same property in a decoupled state would produce the same federal deduction but no state add-on.
See live Vero Beach listings
Every active Vero Beach short-term rental listing, ranked by estimated bonus depreciation potential. Sort by price, beds, or DepreciMax medal tier. Free — no signup.
How the score is calculated
Vero Beach's DepreciMax Score is the aggregate score across ~50 active listings run through our proprietary algorithm. We use multiple inputs — including land values and AI photo recognition — closely calibrated over time against a completed cost segregation study on a benchmark short-term rental.
More detail in the Top 50 Markets methodology section.
Snapshot date: May 2026. Sample listings are real active listings from Realtor.com — actual addresses shown. Bonus depreciation outcomes vary by individual property; this report estimates ranges for typical purchases. Not tax advice — consult your CPA before making investment decisions.
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All 50 markets ranked by bonus depreciation score, with category filters and the full methodology.
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