Ormond Beach Real Estate Market Overview
Average Monthly Rent:
$1,234
Percentage Change in Home Price/Value:
4.60%
Median Home Value:
$258,274
Best Time To Sell Home:
December
Affordability Index:
123
Days To Sell House:
92.42
Job Market:
Fair
Public School Ranking:
26
Location and Weather
Ormond Beach is less than 6 miles south of Daytona Beach and is home to Tomoka Park – a 2,000-acre state park on the Tomoka River. Considering Ormond is a coastal city on the Atlantic Ocean, it is known for its hard sand-packed wide beaches like it’s close neighbor, Daytona Beach. John D. Rockefeller’s winter home, The Casements, was purchased by the city in 1973 and serves as a cultural center. It is the community’s best-known historical building.
In Ormond Beach the summers are warm and humid, while the winters are short, mild and windy. The average summer temperatures are in the 90’s, with lows in the 70’s. Winter temperatures are in the high 60’s, with lows in the 50’s.
Population, Job Market and Cost of Living
Ormond Beach’s population in 2018 was 43,475, with a growth rate of 1.72%. The job growth has increased by 2.51% over the last year and in ten years, is predicted to have increased by 44.58%. The major industries are in healthcare, social assistance, retail trade and food services. The largest employers are Florida Hospital Volusia Flagler, Halifax Health, Florida Healthcare Plans and Sykes Communications. The cost of living is higher than the U.S. average, due to the Ormond Beach real estate market and higher costs of available homes.
With its pristine ocean location, warm climate, steadily increasing job growth, outdoor recreation, water sports and proximity to all the Daytona Beach events, Ormond Beach will continue to attract those that seek the active Florida lifestyle on the Atlantic coast.
