New Smyrna Beach, FL—32168
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Smyrna Beach, FL
Home Price Trends — New Smyrna Beach, FL
As of Oct '25, the median home price in New Smyrna Beach, FL is $376,000, with a year-over-year change of -3.9%. This indicates that home prices in New Smyrna Beach, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $376,000 | -3.9% |
| Single Family | $381,000 | -4.0% |
| Condos | $283,000 | -6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $194,000 | -5.4% |
2 Bed | $275,000 | -5.2% |
3 Bed | $396,000 | -4.3% |
4 Bed | $463,000 | -3.7% |
| 5 Bed | $637,000 | -2.2% |
% of Housing Stock
Rental Trends — New Smyrna Beach, FL
As of July '25, Rentcast reports the average rent in New Smyrna Beach, FL is $2,270, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in New Smyrna Beach, FL is 1-bedrooms: $1,430, 2-bedrooms: $1,900, 3-bedrooms: $2,390, 4-bedrooms: $2,940. The most common rental property sizes in New Smyrna Beach, FL are 2-bedroom and 1-bedroom, accounting for 43.2% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,430 |
| 2 Bed Rent | $2,000 | $1,900 |
| 3 Bed Rent | $2,300 | $2,390 |
| 4 Bed Rent | $2,490 | $2,940 |
% of Rental Stock
Property Listings — New Smyrna Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in New Smyrna Beach, FL is 106. This is a increase of 20.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 6.0% |
Listing Count | 404 | 15.0% |
| Listings as % of Homes | 1.3% | 15.0% |
Days on Market | 106 | 20.0% |
Demographics — New Smyrna Beach, FL
As of the latest ACS Survey released in 2023, New Smyrna Beach, FL has a population of 30,700, which has increased by 12.9% over the past 5 years. New Smyrna Beach, FL is a less popular place for families, as children make up 13.8% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,700 | 12.9% |
% Under 18 | 13.8% | -13.7% |
% Seniors | 30.5% | 9.3% |
% WFH | 16.1% | 53.3% |
% w/ College Degree | 31.1% | 23.4% |
As of the latest ACS Survey released in 2023, New Smyrna Beach, FL is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in New Smyrna Beach, FL is hispanic, making up 6.2% of the population. Foreign-born residents account for 5.2% of the population in New Smyrna Beach, FL, and this percentage has decreased by 22.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.0% | -2.3% |
% Black | 4.9% | -18.3% |
% Hispanic | 6.2% | 55.0% |
% Asian | 1.0% | -28.6% |
% Foreign Born | 5.2% | -22.4% |
Mortgage and Risk — New Smyrna Beach, FL
According to HUD data as of 2023, there were 945 mortgage originations in New Smyrna Beach, FL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in New Smyrna Beach, FL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 945 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — New Smyrna Beach, FL
As of 2024, the percent of homes in New Smyrna Beach, FL under the Section 8 program is 6.1%. 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 and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in New Smyrna Beach, FL, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 382 |
Total Units Section 8 | 256 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,350 | $1,600 |
| 2 Bedroom | -$40 | $2,000 | $1,960 |
| 3 Bedroom | $280 | $2,300 | $2,580 |
| 4 Bedroom | $280 | $2,490 | $2,770 |
Affordability — New Smyrna Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $376,000 |
| Median Household Income | $73,000 |