The housing market in Ormond-by-the-Sea, FL is booming. The median value for houses in the area has increased 18.41% in the last year alone, compared to a national growth rate of 8.27%. Currently, the median value of a house in Ormond-by-the-Sea is $280,800, which is much lower than the US median value of $338,100. This makes Ormond-by-the-Sea an attractive destination for potential homeowners or investors looking to capitalize on its rapid appreciation. With demand high and costs relatively low it’s no surprise that the housing market in Ormond-by-the-Sea is such a hot commodity.
The median home cost in Ormond-by-the-Sea is $280,800. Home appreciation the last 10 years has been 146.5%. Home Appreciation in Ormond-by-the-Sea is up 25.7%.
Average Age of Homes
- The median age of Ormond-by-the-Sea real estate is 45 years old
The Rental Market in Ormond-by-the-Sea
- Renters make up 15.2% of the Ormond-by-the-Sea population
- 1.1% of houses and apartments in Ormond-by-the-Sea, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.