32948 - Fellsmere, Florida
Real estate market data, neighborhood stats, and risk factors for ZIP code 32948
Explore 32948 on the MapHousing Market
Source: Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI). Updated monthly.
Schools in Fellsmere (near ZIP 32948)
| School | Type | FL DOE Grade |
|---|---|---|
| FELLSMERE ELEMENTARY SCHOOL | Elementary | A |
Grades from Florida Department of Education annual report cards. Attendance boundaries are not ZIP-based — confirm district assignment with the county school board before relying on a specific school.
About ZIP 32948
If you're looking at properties in 32948, you're looking at Fellsmere, part of Indian River County, Florida. Zillow's Home Value Index for 32948 is $328,699, which sits about 19% below the Florida home-value benchmark. Zillow doesn't publish a rent index for this ZIP yet. Values have ticked down 0.3% year over year — modest, but the era of automatic appreciation is paused here. ZIP-level numbers smooth over real differences between neighborhoods. The interactive map for 32948 drills down to individual streets, so you can spot the flood, elevation, and risk patterns that an averaged ZHVI never reveals.
Location
| City | Fellsmere |
| County | Indian River |
| State | Florida |
| ZIP Code | 32948 |
See 35+ data layers including flood zones, crime heatmaps, school proximity, and more.