Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 44,052 people, 18,871 houses or apartments, and a median cost of homes of $410,595, Ormond Beach real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ormond Beach, accounting for 65.10% of the city's housing units. Other types of housing that are prevalent in Ormond Beach include large apartment complexes or high rise apartments ( 16.10%), mobile homes or trailers ( 10.06%), and a few row houses and other attached homes ( 5.62%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ormond Beach. Owner-occupied housing accounts for 74.84% of Ormond Beach's homes, and 58.77% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ormond Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ormond Beach built between 2000 and later ( 19.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.60%). There's also some housing in Ormond Beach built before 1939 ( 1.39%).
Vacant housing appears to be an issue in Ormond Beach. Fully 11.38% of the housing stock is classified as vacant. Left unchecked, vacant Ormond Beach homes and apartments can be a drag on the real estate market, holding Ormond Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Ormond Beach has experienced some of the highest home appreciation rates of any community in the nation. Ormond Beach real estate appreciated 153.42% over the last ten years, which is an average annual home appreciation rate of 9.74%, putting Ormond Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ormond Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Ormond Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Ormond Beach's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ormond Beach were at 0.54%, which equates to an annual appreciation rate of 2.16%.
Notably, Ormond Beach's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Ormond Beach's latest annual appreciation rate is lower than 60% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ormond Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ormond Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ormond Beach real estate investment or home purchase decisions.
$410,595
for Florida
for nation
18,871
$2,338 / per month