South Daytona, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating South Daytona Neighborhoods Since 2000




South Daytona, 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

South Daytona Housing Market Information

With a population of 12,584, 5,102 total housing units (homes and apartments), and a median house value of $159,440, 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 53.00% of the city's housing units. Other types of housing that are prevalent in South Daytona include large apartment complexes or high rise apartments ( 24.91%), mobile homes or trailers ( 13.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.08%).

People in South Daytona primarily live in small (one, two or no bedroom) single-family detached homes. South Daytona has a mixture of owner-occupied and renter-occupied housing.

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 ( 29.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.41%).

Vacant housing appears to be an issue in South Daytona. Fully 19.56% 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

Homes have actually lost value in South Daytona over the last then years, as home values have seen a decline of 25.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows South Daytona home appreciation rates at 3.34%, which equates to an annual appreciation rate of 14.06%.

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 10.07%, which is higher than appreciation rates in 94.05% 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 3.34%, which equates to an annual appreciation rate of 14.06%.

Importantly, this makes South Daytona 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 South Daytona's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$159,440

South Daytona, FL HOME PRICES

Value Range
> $1,432,000 2.8
$1,074,001 - $1,432,000 2.7
$716,001 - $1,074,000 1.0
$573,001 - $716,000 0.5
$429,001 - $573,000 1.6
$286,001 - $429,000 9.4
$143,001 - $286,000 38.8
$72,001 - $143,000 28.2
$0 - $72,000 15.0

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
45.9217156920192 61.7521367521368

Number Of Homes And Apartments:
5,102

South Daytona 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
65.65% 2.97% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,184 / per month

Homeownership Rate

Homeownership
Owners 61.31
Renters 38.69
Vacant 19.56

Housing Market Details

 

Age of Homes

AGE OF South Daytona HOMES
2000 or Newer 11.4
1970 - 1999 58.8
1940 - 1969 29.0
1939 or Older 0.7

Types of Homes

TYPE OF South Daytona HOMES
Single-Family 53.0
Townhomes 3.5
Small Apt. Buildings 5.1
Apt. Complexes 24.9
Mobile Homes 13.5
Other 0.0

Home Size

SIZE OF South Daytona HOMES
No Bedroom 0.22
1 Bedroom 12.75
2 Bedrooms 38.56
3 Bedrooms 40.44
4 Bedrooms 6.98
5 or more bedrooms 1.04