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Ormond Beach real estate market overview
- Average Monthly Rent: $1,680
- Home Price/Value Percentage Change: 7.00%
- Median Home Value: $390,578
- Best Time To Sell a Home: September
- Affordability Index: Moderate
- Days To Sell a House: 70
- 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 44,562, with a growth rate of 1.12% annually.
The job market has decreased by -5.82% over the last year. In ten years, job growth is predicted to be 44.58%. 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.
Ormond Beach real estate market details
- Tomoka Oaks County Club Estates
- Ormond Lakes
- Breakaway Trails
- Ormond Terrace
The average monthly rent in Ormond Beach is $1,680 for an average apartment size of 991 sq. feet.
There has been a 7% increase in Ormond Beach's median home value over the last year. As of 2023, the median home value is $390,578.
On average, homes in Ormond Beach sell after 70 days on the market.
Home sales during September can provide the highest valued sale, while home sales in November can provide the quickest sale.
The affordability index in Ormond Beach is 100. This number indicates moderate affordability in this city.
The top ranked public schools are Pine Trail Elementary School, Tomoka Elementary School, Pathways Elementary School, Ormond Beach Elementary School and Ormond Beach Middle School. This information is supported by data measuring academic performance and equity.