The 1962–63 season was Port Vale's 51st season of football in the English Football League, and their fourth season in the Third Division. An impressive season saw them finish in third position, one away from promotion. However promotions for both their rivals Stoke City (second to first tier) and Crewe Alexandra (fourth to third tier) meant that Vale had a poor season in comparison. The major talking point of the season was Norman Low's departure and Freddie Steele's return, which came as a shock to the fans.