Ormond Beach, Florida Housing Market Prices
Ormond 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.
-
Median home price 30% below the Florida median$218,468
-
Median rent 14% below the Florida median$1,442
Housing Market Overview
| Metric | Ormond Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,468 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.7% | 11.2% | 7.5% |
| Median Gross Rent | $1,442 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ormond Beach is about 30% lower than in Florida. Rent is about 14% 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 Ormond Beach, up about 11.7% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Ormond Beach rose about 50.0% between 2015 and 2024, from $962 to $1,442. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Ormond Beach.
Buying the median-priced home in Ormond Beach costs roughly 12.6 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 Ormond Beach. The price-to-rent ratio in Florida is about 15.6.
| Metric | Ormond Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,468 | $311,338 | $248,835 |
| Median Household Income | $69,704 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ormond Beach rose about 98.1%, while median household income rose about 40.5% between 2009 and 2025 — 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 | Ormond Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.6% | 57.7% | 58.5% |
| Rental Rate | 20.2% | 27.7% | 31.2% |
| Vacancy Rate | 10.2% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Ormond Beach has a homeownership rate of 69.6%, higher than the Florida average of 57.7%. Its housing vacancy rate is 10.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Ormond Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Ormond Beach was built around 1985. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Ormond Beach, FL Housing Compared With Nearby Cities
How Ormond Beach, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ormond Beach, FL | 37,847 | $218,468 #1/2 | $1,442 #1/2 | 77.5% #1/2 |
| Daytona Beach, FL | 78,722 | $200,871 | $1,328 | 48.3% |
Frequently Asked Questions
Common questions about the housing market in Ormond Beach, Florida.
What is the median home price in Ormond Beach, Florida?
The median home price in Ormond Beach, Florida is $218,468, lower than the Florida average of $311,338.
What is the average home price in Ormond Beach, Florida?
The typical home price in Ormond Beach, Florida, reported as the median sale price, is $218,468. 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 Ormond Beach, Florida?
The median gross rent in Ormond Beach, Florida is $1,442 per month, lower than the Florida average of $1,668.
What was the median gross rent in Ormond Beach in 2020?
In 2020, the median gross rent in Ormond Beach, Florida was $1,131 per month.
What is the price-to-rent ratio in Ormond Beach, Florida?
The price-to-rent ratio in Ormond Beach, Florida is about 12.6, meaning it would take roughly 12.6 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 Ormond Beach.
Are home prices or rent rising faster in Ormond Beach, Florida?
Both home prices and rent are rising in Ormond Beach, up about 11.7% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ormond Beach, Florida?
69.6% of households in Ormond Beach, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Ormond Beach, Florida?
The housing vacancy rate in Ormond Beach, Florida is 10.2%, lower than the Florida average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →