Daytona Beach’s real estate market is evolving. Prices are up from past years, but remain more affordable than other Florida coastal areas. Current Daytona Beach real estate trends show a balanced market, with steady rental prices and a mix of buyer and seller advantages. Investors face tighter short-term rental regulations, while buyers find diverse options from golf course communities to beachside condos.
Is Daytona Beach Still an Affordable Market?
It depends on what you compare it to. Compared to major Florida cities like Miami and Orlando, Daytona Beach is still more budget-friendly. But compared to five years ago? Prices have climbed.
Here’s the deal:
- Average home prices are hovering around $300,000—up from the $250,000 range just a couple of years ago.
- Median rent for a one-bedroom apartment is now around $1,500, which is a jump from pre-2020 prices.
- Investors are still active, but they’re being more selective about short-term rental opportunities.
If you’re looking to buy, you won’t find the same deals from 2020. And if you’re renting, you’re going to pay more than before—but it’s still cheaper than many other coastal cities in Florida.
Are Home Prices Going to Drop in Daytona Beach?
Some people are waiting for prices to drop before buying. Here’s the problem: That drop might not happen anytime soon.
What’s keeping prices steady?
- Inventory remains low—there aren’t enough homes for sale, which is keeping prices from falling.
- Florida still pulls in new residents every day, and Daytona Beach is benefiting.
- Short-term rentals are keeping demand high, limiting availability for long-term buyers.
Waiting for a major price drop in Daytona Beach? You could be waiting a long time.
Should Renters Expect Prices to Keep Rising?
Renters have seen prices shoot up over the past few years, but the good news is that the increases seem to be slowing down.
Here’s what’s happening:
- Luxury apartment developments have added more options, putting slight pressure on overall rental rates.
- More remote workers are opting for Florida, meaning demand is still strong.
- Insurance costs are climbing, which landlords are passing on to tenants.
If you’re renting, expect prices to stay steady—but don’t expect a big drop anytime soon.
Where Are the Best Areas to Buy in Daytona Beach?
Daytona Beach isn’t just one housing market. It’s a mix of waterfront properties, condo-heavy zones, and quieter residential areas.
Here’s where buyers are looking:
- LPGA International: Golf-course living with newer homes and solid long-term value.
- Pelican Bay: A gated community with a mix of single-family homes and townhomes.
- Beachside: High-rise condos with ocean views, but association fees can be steep.
- Downtown Daytona: Walkability, historic charm, and a growing restaurant scene.
If you’re buying for investment, beachside properties still see strong demand, but short-term rental laws are changing—so pay attention to local regulations.
Is Daytona Beach a Good Place for Real Estate Investors?
Investors love Daytona Beach, but they’re having to adjust their strategies.
Here’s why:
- Short-term rental demand is still high, but regulations are tightening.
- Home prices have gone up, so profit margins are lower if you’re buying to flip.
- Long-term rentals are more stable but require careful selection to ensure cash flow.
If you’re an investor, the opportunities are still here—but you need to know the market inside and out.
FAQs
Is Daytona Beach a buyer’s or seller’s market?
It’s more of a balanced market right now. Sellers aren’t getting the insane prices of 2021, but buyers aren’t exactly finding great bargains either.
Are property taxes high in Daytona Beach?
Compared to other Florida cities? Not really. But like everywhere else, taxes have gone up as property values have increased.
Is Daytona Beach good for rental properties?
Yes—whether you’re considering long-term rentals or short-term vacation properties, demand is still strong.
How competitive is the market right now?
Homes aren’t flying off the shelves in bidding wars like they were in 2021, but well-priced properties still move fast.
Conclusion
Daytona Beach’s evolving real estate, with its balanced market and rising yet stable prices, offers diverse options. Investors must navigate new regulations, while buyers find varied neighborhoods. (“Current Daytona Beach real estate trends”) indicate a market adjusting to ongoing changes.
