Port Orange, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Port Orange, FL Housing Market Trends

With a population of 64,842, 26,185 total housing units (homes and apartments), and a median house value of $213,443, Port Orange real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Port Orange, accounting for 61.76% of the city's housing units. Other types of housing that are prevalent in Port Orange include mobile homes or trailers ( 16.64%), large apartment complexes or high rise apartments ( 11.69%), and a few row houses and other attached homes ( 5.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Orange. Owner-occupied housing accounts for 72.20% of Port Orange's homes, and 56.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Port Orange built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Port Orange built between 2000 and later ( 24.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.99%).

Vacant housing appears to be an issue in Port Orange. Fully 11.38% of the housing stock is classified as vacant. Left unchecked, vacant Port Orange homes and apartments can be a drag on the real estate market, holding Port Orange real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Port Orange Home Appreciation Rates

In the last 10 years, Port Orange has experienced some of the highest home appreciation rates of any community in the nation. Port Orange real estate appreciated 110.67% over the last ten years, which is an average annual home appreciation rate of 7.74%, putting Port Orange in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Orange definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Port Orange that despite a nationwide downturn in the housing market, Port Orange real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Orange appreciation rates continue to be some of the highest in America, at 12.06%, which is higher than appreciation rates in 84.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Orange. Port Orange appreciation rates in the latest quarter were at 3.31%, which equates to an annual appreciation rate of 13.93%.

Relative to Florida, our data show that Port Orange's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Port Orange differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Orange - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Port Orange real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$213,443

Port Orange, FL HOME PRICES

> $1,361,000
0.7%
0.7%
$1,021,001 - $1,361,000
0.9%
0.9%
$681,001 - $1,021,000
1.7%
1.7%
$545,001 - $681,000
2.8%
2.8%
$409,001 - $545,000
9.2%
9.2%
$272,001 - $409,000
27.4%
27.4%
$136,001 - $272,000
32.7%
32.7%
$68,001 - $136,000
11.6%
11.6%
$0 - $68,000
13.0%
13.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
26,185

Port Orange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
140.52% 4.17%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,656 / per month

Homeownership Rate

Owners
72.2%
72.2%
Renters
27.8%
27.8%
Vacant
11.4%
11.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
24.4%
24.4%
1970 - 1999
69.1%
69.1%
1940 - 1969
6.0%
6.0%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.8%
61.8%
Townhomes
5.4%
5.4%
Small Apt. Buildings
4.5%
4.5%
Apt. Complexes
11.7%
11.7%
Mobile Homes
16.6%
16.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
7.2%
7.2%
2 Bedrooms
34.0%
34.0%
3 Bedrooms
43.8%
43.8%
4 Bedrooms
12.6%
12.6%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES