Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Deltona | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $240,034 | $293,727 | $242,182 |
| Price Trend (Annual %) | 16.9% | 12.0% | 8.2% |
| Median Gross Rent | $1,557 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Deltona is about 18% lower than in Florida. Rent follows a similar pattern, running close to the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Deltona, up about 16.9% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Deltona rose about 48.3% between 2015 and 2023, from $1,050 to $1,557. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Deltona.
Buying the median-priced home in Deltona costs roughly 12.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Deltona. The price-to-rent ratio in Florida is about 15.7.
| Metric | Deltona | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $240,034 | $293,727 | $242,182 |
| Median Household Income | $71,907 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.3 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Deltona rose about 192.0%, while median household income rose about 47.6% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Deltona | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.3% | 57.1% | 58.2% |
| Rental Rate | 19.6% | 27.7% | 31.3% |
| Vacancy Rate | 4.1% | 15.2% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Deltona has a homeownership rate of 76.3%, higher than the Florida average of 57.1%. Its housing vacancy rate is 4.1%, compared with 15.2% in Florida.
Housing Stock
| Metric | Deltona | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1988 | 1987 | 1978 |
| Median Number of Rooms | 5.9 | 5.2 | 5.5 |
The typical housing unit in Deltona was built around 1988. On average, 2.8 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Deltona, Florida.
What is the median home price in Deltona, Florida?
The median home price in Deltona, Florida is $240,034, lower than the Florida average of $293,727.
What is the average home price in Deltona, Florida?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Deltona, Florida?
The median gross rent in Deltona, Florida is $1,557 per month, about the same as the Florida average.
What was the median gross rent in Deltona in 2020?
In 2020, the median gross rent in Deltona, Florida was $1,196 per month.
What is the price-to-rent ratio in Deltona, Florida?
The price-to-rent ratio in Deltona, Florida is about 12.8, meaning it would take roughly 12.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Deltona.
Are home prices or rent rising faster in Deltona, Florida?
Both home prices and rent are rising in Deltona, up about 16.9% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Deltona, Florida?
76.3% of households in Deltona, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Deltona, Florida?
The housing vacancy rate in Deltona, Florida is 4.1%, lower than the Florida average of 15.2%.