About the Daytona Beach Housing Market
Daytona Beach, Florida has experienced steady growth in recent years. According to data from the US Census Bureau, the population of Daytona Beach grew by 7.5% between 2010 and 2020, from 61,005 to 65,249 residents. This growth rate is slightly lower than the state average for Florida, which saw a 14.6% increase in population over the same time period.
One factor contributing to Daytona Beach’s growth is its location on the Atlantic coast of Florida. The city is a popular destination for tourists and retirees, with its sunny weather, beaches, and attractions like the Daytona International Speedway and the Daytona Beach Boardwalk. The city has also been investing in revitalizing its downtown area, with new shops, restaurants, and residential developments.
Another factor driving growth in Daytona Beach is its economy. The city has a diverse economy that includes industries like tourism, healthcare, education, and manufacturing. The presence of institutions like Embry-Riddle Aeronautical University and Daytona State College has also helped to attract a skilled workforce to the area.
Median Household Income: $43,392
Metro Population: 609,939
11-Year Population Growth: 22%
Median Home Price: $255,000
Median Rent Per Month: $1,699
1-Year Equity Growth: -4.6%
1-Year Rent Growth: 8%
8-Year Rent Growth (January 2014 – December 2022): 55.7%
Job Growth: +21,200 CES jobs created over the last year
1-Year Job Growth Rate: 2.99%
Unemployment Rate: 2.6% (27% lower than the national average)
Tenant Laws: Landlord-Friendly
What to Like
Beautiful beaches
Affordable cost of living
Year-round warm weather
Activities and attractions
What to Watch Out For
Lack of public transportation
Higher crime rate
Lack of diversity
– Daytona Beach is located on the Atlantic coast of Florida, and it is just a short drive from Orlando and other major cities. This makes it a convenient place to live for people who want to be close to the beach, but who also want to be close to major job markets.
– The Daytona International Speedway: The Daytona International Speedway is one of the most famous race tracks in the world, and it attracts millions of visitors each year. The track is undergoing a major expansion, which is expected to create even more jobs and boost the local economy.
– The Daytona Beach Regional Airport: The Daytona Beach Regional Airport is undergoing a major renovation, which is expected to make it a more attractive destination for airlines and passengers. This is expected to create new jobs and boost the local economy.
– The Tanger Outlets: The Tanger Outlets is a major shopping destination that is located in Daytona Beach. The outlet mall is undergoing a major expansion, which is expected to create even more jobs and boost the local economy.
Fast growing city
The economy in Daytona Beach is growing, and there are a number of new businesses and industries that are coming to the city. This is creating new job opportunities, which is attracting people to the area. The growth in Daytona Beach is expected to continue in the coming years. This is a great time to consider moving to the city if you are looking for a place that is growing and offers a variety of lifestyle options.
Lifestyle variety
Daytona Beach is a city that offers a variety of lifestyle options. There are plenty of opportunities for outdoor recreation, and the city is also home to a number of cultural attractions. This makes it a great place to live for people who want to enjoy a variety of activities.
Affordable cost of living
The cost of living in Daytona Beach, Florida is 3% lower than the national average. Housing is 0% more expensive than the national average, while utilities are about 3% pricier. When it comes to basic necessities such as food and clothing, groceries are around 3% less in Daytona Beach than in the rest of the country, while clothing costs around 3% less.
Purchasing Property in Daytona Beach
Daytona Beach is known for its beaches, which are some of the longest and widest in the world. The city is also home to the Daytona International Speedway, which hosts the Daytona 500, one of the most famous races in the world. Other popular attractions in Daytona Beach include the Daytona Beach Shores Boardwalk, the Museum of Arts and Sciences, and the Kennedy Space Center Visitor Complex.
Daytona Beach is a popular tourist destination, but it is also a great place to live. The city has a mild climate year-round, and there are plenty of outdoor activities to enjoy. There are also a variety of restaurants, shops, and entertainment options in Daytona Beach.
Daytona Beach is known for its beaches, which are some of the longest and widest in the world. The city is also home to the Daytona International Speedway, which hosts the Daytona 500, one of the most famous races in the world. Other popular attractions in Daytona Beach include the Daytona Beach Shores Boardwalk, the Museum of Arts and Sciences, and the Kennedy Space Center Visitor Complex.
Daytona Beach, Florida
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