It goes without saying that the coronavirus pandemic sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic became a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. Since then, increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
compiled a list of cities with the fastest-growing home prices in the Deltona-Daytona Beach-Ormond Beach, FL metro area using data from . Cities are ranked by 1-year price change as of May 2023. The typical home value in the United States increased over the last year by 0.9% to $346,856. All 22 cities and towns with data available were included in the list.
You may also like: Highest-paying jobs in Deltona that don't require a college degree
#22. Palm Coast, FL
- 1-year price change: -$7,063 (-1.9%)
- 5-year price change: +$133,127 (+58.9%)
- Typical home value: $359,180 (#9 most expensive city in metro)
#21. Enterprise, FL
- 1-year price change: -$1,831 (-0.5%)
- 5-year price change: +$114,969 (+46.6%)
- Typical home value: $361,487 (#7 most expensive city in metro)
#20. Seville, FL
- 1-year price change: +$2,995 (+1.2%)
- 5-year price change: +$102,791 (+67.8%)
- Typical home value: $254,295 (#21 most expensive city in metro)
#19. Deltona, FL
- 1-year price change: +$3,339 (+1.1%)
- 5-year price change: +$101,866 (+51.7%)
- Typical home value: $298,817 (#17 most expensive city in metro)
#17. Lake Helen, FL
- 1-year price change: +$4,509 (+1.4%)
- 5-year price change: +$132,973 (+67.7%)
- Typical home value: $329,505 (#13 most expensive city in metro)
#16. Bunnell, FL
- 1-year price change: +$4,544 (+1.5%)
- 5-year price change: +$138,727 (+82.1%)
- Typical home value: $307,659 (#15 most expensive city in metro)
#15. Edgewater, FL
- 1-year price change: +$5,599 (+1.9%)
- 5-year price change: +$112,808 (+59.2%)
- Typical home value: $303,344 (#16 most expensive city in metro)
#14. Debary, FL
- 1-year price change: +$5,636 (+1.5%)
- 5-year price change: +$128,021 (+50.7%)
- Typical home value: $380,316 (#6 most expensive city in metro)
#12. Deland, FL
- 1-year price change: +$6,793 (+2.1%)
- 5-year price change: +$129,284 (+63.6%)
- Typical home value: $332,565 (#11 most expensive city in metro)
#11. Port Orange, FL
- 1-year price change: +$7,508 (+2.1%)
- 5-year price change: +$122,448 (+51.3%)
- Typical home value: $360,914 (#8 most expensive city in metro)
#10. Daytona Beach Shores, FL
- 1-year price change: +$7,811 (+1.8%)
- 5-year price change: +$163,881 (+59.0%)
- Typical home value: $441,698 (#4 most expensive city in metro)
#9. Orange City, FL
- 1-year price change: +$8,394 (+3.0%)
- 5-year price change: +$111,870 (+64.4%)
- Typical home value: $285,549 (#18 most expensive city in metro)
#7. Oak Hill, FL
- 1-year price change: +$9,863 (+3.0%)
- 5-year price change: +$142,510 (+73.5%)
- Typical home value: $336,495 (#10 most expensive city in metro)
#6. Ormond Beach, FL
- 1-year price change: +$10,819 (+2.8%)
- 5-year price change: +$144,940 (+57.1%)
- Typical home value: $398,960 (#5 most expensive city in metro)
#5. Daytona Beach, FL
- 1-year price change: +$11,255 (+4.4%)
- 5-year price change: +$113,186 (+74.2%)
- Typical home value: $265,709 (#20 most expensive city in metro)
#4. Flagler Beach, FL
- 1-year price change: +$11,577 (+2.4%)
- 5-year price change: +$197,175 (+66.7%)
- Typical home value: $492,828 (#2 most expensive city in metro)
#2. New Smyrna Beach, FL
- 1-year price change: +$13,773 (+3.0%)
- 5-year price change: +$200,640 (+72.6%)
- Typical home value: $476,949 (#3 most expensive city in metro)
#1. De Leon Springs, FL
- 1-year price change: +$15,266 (+5.0%)
- 5-year price change: +$131,784 (+69.5%)
- Typical home value: $321,531 (#14 most expensive city in metro)
