Daytona Beach Shores, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Daytona Beach Shores Neighborhoods Since 2000




Daytona Beach Shores, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Daytona Beach Shores Housing Market Information

With 4,389 people, 2,353 houses or apartments, and a median cost of homes of $375,040, Daytona Beach Shores house prices are not only among the most expensive in Florida, Daytona Beach Shores real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Daytona Beach Shores, accounting for 85.98% of the city's housing units. Other types of housing that are prevalent in Daytona Beach Shores include single-family detached homes ( 6.68%), duplexes, homes converted to apartments or other small apartment buildings ( 4.05%), and a few row houses and other attached homes ( 3.13%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Dwellings in Daytona Beach Shores tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 71.64% of the homes in Daytona Beach Shores have two or fewer bedrooms.

There is a lot of housing in Daytona Beach Shores 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 Daytona Beach Shores built between 2000 and later ( 20.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.99%).

A decent proportion of the Daytona Beach Shores housing stock is seasonally occupied. That is, homes and condos in Daytona Beach Shores are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Daytona Beach Shores housing market speaks to its popularity as a vacation location of choice.

Daytona Beach Shores Home Appreciation Rates

Daytona Beach Shores's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Daytona Beach Shores during the period has been just -1.76%, which is lower than 80% of US communities.

Appreciation rates are so strong in Daytona Beach Shores that despite a nationwide downturn in the housing market, Daytona Beach Shores real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Daytona Beach Shores appreciation rates continue to be some of the highest in America, at 17.24%, which is higher than appreciation rates in 99.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Daytona Beach Shores. Daytona Beach Shores appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.06%.

Importantly, this makes Daytona Beach Shores one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Daytona Beach Shores's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$375,040

Daytona Beach Shores, FL HOME PRICES

Value Range
> $1,488,000 0.6
$1,116,001 - $1,488,000 2.8
$744,001 - $1,116,000 4.7
$596,001 - $744,000 8.5
$446,001 - $596,000 12.9
$298,001 - $446,000 26.5
$149,001 - $298,000 32.9
$74,001 - $149,000 9.7
$0 - $74,000 1.4

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
10.6469002695418 18.5897435897436

Number Of Homes And Apartments:
2,353

Daytona Beach Shores Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
109.79% 4.39% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,199 / per month

Homeownership Rate

Homeownership
Owners 67.91
Renters 32.09
Vacant 61.58

Housing Market Details

 

Age of Homes

AGE OF Daytona Beach Shores HOMES
2000 or Newer 20.9
1970 - 1999 67.3
1940 - 1969 11.0
1939 or Older 0.8

Types of Homes

TYPE OF Daytona Beach Shores HOMES
Single-Family 6.7
Townhomes 3.1
Small Apt. Buildings 4.0
Apt. Complexes 86.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Daytona Beach Shores HOMES
No Bedroom 9.98
1 Bedroom 5.47
2 Bedrooms 56.20
3 Bedrooms 25.86
4 Bedrooms 2.09
5 or more bedrooms 0.41

Popular Neighborhoods in Daytona Beach Shores

Zip Codes in Daytona Beach Shores, FL