Ormond Beach, FL—32174
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Ormond Beach, FL
Home Price Trends — Ormond Beach, FL
As of Oct '25, the median home price in Ormond Beach, FL is $372,000, with a year-over-year change of -4.7%. This indicates that home prices in Ormond Beach, FL are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | -4.7% |
| Single Family | $380,000 | -4.5% |
| Condos | $211,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $153,000 | -6.1% |
2 Bed | $247,000 | -7.1% |
3 Bed | $366,000 | -4.9% |
4 Bed | $514,000 | -2.3% |
| 5 Bed | $685,000 | -1.7% |
% of Housing Stock
Rental Trends — Ormond Beach, FL
As of July '25, Rentcast reports the average rent in Ormond Beach, FL is $2,200, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Ormond Beach, FL is studios: $1,400, 1-bedrooms: $1,320, 2-bedrooms: $1,930, 3-bedrooms: $2,370, 4-bedrooms: $2,590. The most common rental property sizes in Ormond Beach, FL are 2-bedroom and 3-bedroom, accounting for 44.9% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $2,000 | $1,930 |
| 3 Bed Rent | $2,270 | $2,370 |
| 4 Bed Rent | $2,500 | $2,590 |
% of Rental Stock
Property Listings — Ormond Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ormond Beach, FL is 73. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | -1.0% |
Listing Count | 557 | 11.0% |
| Listings as % of Homes | 1.1% | 11.0% |
Days on Market | 73 | 17.0% |
Demographics — Ormond Beach, FL
As of the latest ACS Survey released in 2023, Ormond Beach, FL has a population of 53,100, which has increased by 4.4% over the past 5 years. Ormond Beach, FL is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,100 | 4.4% |
% Under 18 | 16.1% | 1.3% |
% Seniors | 35.5% | 13.4% |
% WFH | 13.1% | 63.7% |
% w/ College Degree | 33.0% | 12.2% |
As of the latest ACS Survey released in 2023, Ormond Beach, FL is a predominantly white area, with 81.8% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Ormond Beach, FL is black, making up 6.4% of the population. Foreign-born residents account for 7.3% of the population in Ormond Beach, FL, and this percentage has increased by 2.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.8% | -6.4% |
% Black | 6.4% | 52.4% |
% Hispanic | 5.2% | 0.0% |
% Asian | 2.9% | 61.1% |
% Foreign Born | 7.3% | 2.8% |
Mortgage and Risk — Ormond Beach, FL
According to HUD data as of 2023, there were 1582 mortgage originations in Ormond Beach, FL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Ormond Beach, FL. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,582 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Ormond Beach, FL
As of 2024, the percent of homes in Ormond Beach, FL under the Section 8 program is 3.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Ormond Beach, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 274 |
Total Units Section 8 | 164 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 78.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,300 | $1,340 |
| 2 Bedroom | -$350 | $2,000 | $1,650 |
| 3 Bedroom | -$100 | $2,270 | $2,170 |
| 4 Bedroom | -$170 | $2,500 | $2,330 |
Affordability — Ormond Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $372,000 |
| Median Household Income | $67,800 |