Quick facts: Ormond beach, FL

Quick Facts

107.5
Cost of Living
above US average
44,052
Population
20.27
Crime Rate per 1000
below US average
$65,238
Median Income
below US average
$381,500
Median House Price
above US average
$2356.93
Average Rent
above US average
9%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,238.

🏠

Income Needed to Buy

βœ— Stretch
$120k/year
Based on $381,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $120k vs median $65,238
🏒

Income Needed to Rent

⚠ Stretch
$101k/year
Based on $2356.93/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $101k vs median $65,238
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ormond beach, FL

Ormond Beach is a charming coastal city located in Volusia County, Florida, just north of Daytona Beach. Known for its beautiful sandy beaches and scenic oceanfront, Ormond Beach offers a blend of natural beauty, rich history, and a relaxed lifestyle. The area boasts several parks, including the serene Tomoka State Park, where visitors can enjoy hiking, wildlife viewing, and kayaking along the Tomoka River. The city is also notable for its historic sites, such as the Ormond Memorial Art Museum, which showcases local art and culture, and the impressive architecture of the Casements, once the winter residence of John D. Rockefeller. Additionally, the Ormond Beach scenic loop is a popular route for bikers and nature enthusiasts, offering stunning views of the coastline and lush landscapes. Residents and tourists can enjoy a variety of water sports, golf courses, and community events throughout the year. With a wide range of dining and shopping options, Ormond Beach presents a perfect blend of leisure and recreation, making it an attractive destination for those seeking both relaxation and adventure in a picturesque setting.

πŸ” Search & Compare Places

First Location πŸ“