South Daytona, 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

South Daytona, FL Housing Market Trends

With a population of 13,080, 5,430 total housing units (homes and apartments), and a median house value of $180,521, South Daytona 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 South Daytona, accounting for 54.74% of the city's housing units. Other types of housing that are prevalent in South Daytona include large apartment complexes or high rise apartments ( 20.23%), mobile homes or trailers ( 13.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.71%).

The most prevalent building size and type in South Daytona are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.57% owning and 38.43% renting.

There is a lot of housing in South Daytona 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 South Daytona built between 1940-1969 ( 23.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.51%).

Vacant housing appears to be an issue in South Daytona. Fully 11.35% of the housing stock is classified as vacant. Left unchecked, vacant South Daytona homes and apartments can be a drag on the real estate market, holding South Daytona 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.

South Daytona Home Appreciation Rates

In the last 10 years, South Daytona has experienced some of the highest home appreciation rates of any community in the nation. South Daytona real estate appreciated 115.92% over the last ten years, which is an average annual home appreciation rate of 8.00%, putting South Daytona in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Daytona 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 South Daytona that despite a nationwide downturn in the housing market, South Daytona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Daytona appreciation rates continue to be some of the highest in America, at 12.34%, which is higher than appreciation rates in 85.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Daytona. South Daytona appreciation rates in the latest quarter were at 3.32%, which equates to an annual appreciation rate of 13.96%.

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

Average Home Values

 

Median Home Value:
$180,521

South Daytona, FL HOME PRICES

> $1,344,000
0.6%
0.6%
$1,008,001 - $1,344,000
2.4%
2.4%
$672,001 - $1,008,000
0.4%
0.4%
$538,001 - $672,000
1.3%
1.3%
$403,001 - $538,000
3.3%
3.3%
$269,001 - $403,000
18.8%
18.8%
$134,001 - $269,000
40.8%
40.8%
$67,001 - $134,000
15.8%
15.8%
$0 - $67,000
16.7%
16.7%
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:
5,430

South Daytona 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
127.40% 3.90%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,479 / per month

Homeownership Rate

Owners
61.6%
61.6%
Renters
38.4%
38.4%
Vacant
11.3%
11.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.5%
10.5%
1970 - 1999
65.2%
65.2%
1940 - 1969
23.5%
23.5%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.7%
54.7%
Townhomes
3.5%
3.5%
Small Apt. Buildings
7.7%
7.7%
Apt. Complexes
20.2%
20.2%
Mobile Homes
13.5%
13.5%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
8.6%
8.6%
2 Bedrooms
39.8%
39.8%
3 Bedrooms
41.1%
41.1%
4 Bedrooms
9.4%
9.4%
5 or more bedrooms
0.8%
0.8%
0.0% 100.0%
% OF HOMES