Ormond Beach Real Estate Market Overview
Average Monthly Rent:
$1,458
Percentage Change in Home Price/Value:
13.8%
Median Home Value:
$394,900
Best Time To Sell Home:
November
Affordability Index:
132
Days To Sell House:
51
Job Market:
Fair
Public School Ranking:
18
Location and Weather
The sandy city of Ormond Beach is located in Volusia county, in the northeastern region of Florida. This city is ideal for water recreation, as it’s bordered by the Tomoka River on the west and the Atlantic Ocean on the east. Most of the neighborhoods in Ormond Beach are near the water or surrounded by nature trails and wildlife. While this city maintains a relaxing, small town –esque, with such easy access to Daytona Beach and Orlando there’s always plenty to do.
This city’s climate is warm and temperate. While there is a good amount of rain here, the majority of the days throughout the year remain sunny.
Population, Job Market and Cost of Living
Ormond Beach’s population is 45,007, with a growth rate of 0.93% annually. The job market has increased by 2.0% over the last year. In ten years, job growth is predicted to be 44.6%. Ormond Beach supports a healthy job market where management, architecture, engineering, and health practitioner industries are flourishing.This city is also home to its own municipal airport, (KMON), which drives the transportation and tourism industries.
The cost of living here is just below Florida’s average, which means this city is affordable but not necessarily inexpensive.