New Smyrna Beach, Florida Housing Market Prices
New Smyrna Beach Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 8% below the Florida median$287,756
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Median rent 4% below the Florida median$1,598
Housing Market Overview
| Metric | New Smyrna Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,756 | $311,338 | $248,835 |
| Price Trend (Annual %) | 1.3% | 11.2% | 7.5% |
| Median Gross Rent | $1,598 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in New Smyrna Beach is about 8% lower than in Florida. Rent is about 4% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in New Smyrna Beach, up about 1.3% and 5.8% a year respectively. Rent is changing faster.
Median rent in New Smyrna Beach rose about 60.8% between 2015 and 2024, from $994 to $1,598. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in New Smyrna Beach.
Buying the median-priced home in New Smyrna Beach costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in New Smyrna Beach. The price-to-rent ratio in Florida is about 15.6.
| Metric | New Smyrna Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $287,756 | $311,338 | $248,835 |
| Median Household Income | $79,459 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in New Smyrna Beach rose about 10.9%, while median household income rose about 72.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | New Smyrna Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 57.7% | 58.5% |
| Rental Rate | 14.8% | 27.7% | 31.2% |
| Vacancy Rate | 31.2% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
New Smyrna Beach has a homeownership rate of 54.0%, lower than the Florida average of 57.7%. Its housing vacancy rate is 31.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | New Smyrna Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.95 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1988 | 1988 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in New Smyrna Beach was built around 1988. On average, 1.9 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
New Smyrna Beach, FL Housing Compared With Nearby Cities
How New Smyrna Beach, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| New Smyrna Beach, FL | 20,446 | $287,756 #1/2 | $1,598 #1/2 | 78.5% #1/2 |
| Port Orange, FL | 51,713 | $85,896 | $1,540 | 76.9% |
Frequently Asked Questions
Common questions about the housing market in New Smyrna Beach, Florida.
What is the median home price in New Smyrna Beach, Florida?
The median home price in New Smyrna Beach, Florida is $287,756, lower than the Florida average of $311,338.
What is the average home price in New Smyrna Beach, Florida?
The typical home price in New Smyrna Beach, Florida, reported as the median sale price, is $287,756. 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 New Smyrna Beach, Florida?
The median gross rent in New Smyrna Beach, Florida is $1,598 per month, lower than the Florida average of $1,668.
What was the median gross rent in New Smyrna Beach in 2020?
In 2020, the median gross rent in New Smyrna Beach, Florida was $1,195 per month.
What is the price-to-rent ratio in New Smyrna Beach, Florida?
The price-to-rent ratio in New Smyrna Beach, Florida is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in New Smyrna Beach.
Are home prices or rent rising faster in New Smyrna Beach, Florida?
Both home prices and rent are rising in New Smyrna Beach, up about 1.3% and 5.8% a year respectively. Rent is changing faster.
What is the homeownership rate in New Smyrna Beach, Florida?
54.0% of households in New Smyrna Beach, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in New Smyrna Beach, Florida?
The housing vacancy rate in New Smyrna Beach, Florida is 31.2%, higher than the Florida average of 14.6%.
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