Daytona Beach is a city on Florida’s Atlantic coast. It lies about halfway between Jacksonville and Miami. The Daytona Beach area is known for its beaches, motorsports, and tourism.
The city’s history dates back to the Native Americans who inhabited the area. Daytona Beach was also home to the first interracial beach in the United States.
Whether you are looking for a place to retire or raise a family, Daytona Beach is an ideal choice. The city offers a variety of housing options, from single-family homes to condos and apartments. As of August 2022, the median listing home price is $299,000.
If you’re considering buying a home in Daytona Beach and you’re seeking pointers, here are the top 15 reasons to do so:
1. The City’s Population
Daytona Beach is a city with a population of 74,975. The population density is 1,142 people per square mile. There are 25,848 households in the city. The median age of residents is 40.6 years old, while Daytona Beach’s median household income is $28,941.
2. The City’s Growing Population
In the past few years, Daytona Beach has significantly increased its population. According to the latest census data, the city’s population has grown by nearly 3.20% since 2010. This growth is partly due to the city’s thriving economy and many amenities.
Daytona Beach is home to many businesses, from large corporations to small mom-and-pop shops. The city also offers a variety of leisure activities, such as swimming, sunbathing, fishing, and boating.
In addition, Daytona Beach is a convenient location for commuters, as it is just a short drive from Orlando and other major cities. As a result of these factors, Daytona Beach has become an increasingly attractive destination for residents and businesses. The city’s growing population is a sign of its continued success.
3. The City’s Job Market
Daytona Beach, Florida, has a thriving job market. The unemployment rate is 6.5%, and there are plenty of job opportunities for those looking. The city is home to several large businesses and industries and a thriving tourism industry.
As a result, there is a high demand for workers in various fields. Whether you’re looking for a job in the hospitality industry or one of the city’s many manufacturing or retail businesses, you’re sure to find plenty of options.
4. The City’s Diversity
Daytona Beach is considered one of the most diverse cities in Florida. The population of whites is (55.70%), Asian (2.81%), other races (2.56%), Pacific Islanders (0.05%), Native Americans (0.26%), and African Americans (35.44%).
The city is also home to many international students who come to study at many colleges and universities.
5. The City’s Economy
The tourism industry is a significant driver of the Daytona Beach economy, with visitors enjoying the area’s pristine beaches and world-class attractions.
Daytona Beach is also home to a thriving motorsports industry thanks to its status as the headquarters of NASCAR. In addition, the area is home to several manufacturing and aerospace businesses.
These businesses provide good-paying jobs for residents and help to diversify the local economy.
6. The City’s Real Estate Market
Daytona Beach’s real estate market is booming thanks to the city’s proximity to the ocean. Daytona Beach is home to some of the most beautiful beaches in Florida, and its location makes it a prime destination for vacationers and retirees alike.
The average home price in Daytona Beach is $164,400, and the average rent for an apartment in Daytona Beach is $979 per month. The vacancy rate is 3.5%, and the average monthly mortgage payment is $1,500.
Furthermore, there are multi-family homes for sale, and single-family homes for sale in Daytona Beach, Florida, to choose from if you are considering buying a home in Daytona Beach, Florida.
7. The City’s Beautiful Beaches
Daytona Beach is home to some of the most beautiful beaches in the world. With over 23 miles of coastline, there is a beach for everyone. Whether you want to relax on the sand, take a dip in the ocean, or try surfing, you can do it all in Daytona Beach.
Some of the most popular beaches in Daytona Beach include Main Street Beach, Ormond Beach, Daytona Beach Shores, and New Smyrna Beach. Not to mention, the beaches in Daytona Beach are constantly ranked as some of the best in the world.
8. The Weather Is Perfect
One of the things worth considering when moving to a new place or geographical location is the weather. You might be looking for a sunny and warm place to spend your retirement years, or you may want to raise your family in an area with great weather year-round.
It’s no surprise that many people buy homes in Daytona Beach, FL, because of the perfect weather.
The average temperature in Daytona Beach is around 51°F to 88°F. The city experiences an average of 230 sunny days per year. So if you are looking for a place with great weather, Daytona Beach should be at the top of your list.
9. Daytona Beach Is a Great Place to Raise a Family
According to Jean-Jacques Rousseau, ‘We are good by nature but corrupted by society.’ Choosing an energetic and civilized community is crucial for your family.
Daytona is a safe place to raise your kids as it’s in the 64th percentile for safety. This means it’s safer than 64% of other cities in the US.
Daytona has good schools and plenty of things to do. You can be rest assured that your children will be safe and have a great childhood if you move to Daytona Beach.
10. The Cost of Living Is Affordable
With the economic situation, the cost of living is one of the primary concerns for many people. But, you will be happy to know that the cost of living in Daytona Beach is very affordable.
The cost of living in Daytona Beach is about 5% lower than the national average. The median home price in Daytona Beach is just $360,546, and the energy bill is about $168.23 per month.
11. There Is No State Income Tax
Tax is one of the major factors to be well considered when moving to a new place, and one thing that makes Daytona Beach attractive is that there is no state income tax.
Not to mention, the sales tax in Daytona Beach is just 6.5%. So, if you are looking for a place with low taxes, Daytona Beach is a perfect choice.
12. The Schools Are Good
Who will not consider the quality of schools in an area when they have children? The good news is that the schools in Daytona Beach are some of the best in the state. Also, there are many schools to choose from in Daytona Beach.
Some top-rated schools in Daytona Beach include Mainland High School, Seabreeze High School, and Spruce Creek High School. Daytona Beach is also home to many colleges and universities, including Embry-Riddle Aeronautical University, Bethune-Cookman University, and Daytona State College.
Therefore, you won’t need to worry about the quality of education your children will receive if you move to Daytona Beach.
13. There Is Less Traffic
Traffic is one of the things that can easily irritate people. Traffic can make your commute to work longer and make getting around town more difficult. However, you will be relieved to learn that Daytona Beach has very little traffic.
The average one-way commute time in Daytona Beach is about 19.4 minutes. In addition, Daytona Beach offers various transit options, including buses, trolleys, and trains, which expenses are lower than the national average by 1%. Therefore, you can be sure that you can get around town quickly, regardless of how you choose to travel.
14. You Can Retire Here
We will all get old one day, so it’s important to consider where you want to spend your retirement. For many reasons, Daytona Beach is a great place to retire. For instance, you can find senior homes for sale in Daytona Beach, FL, and cheap homes for sale in Daytona Beach.
In addition, the weather is warm and sunny year-round, and plenty of activities keep you busy. The Daytona International Speedway is a popular destination for racing fans, and the beach is perfect for swimming, sunbathing, or just taking a leisurely stroll.
There are also numerous golf courses in the area and restaurants and shops to explore. Daytona Beach is conveniently located near other Florida attractions, such as Orlando and Tampa. So whether you’re looking for a relaxed retirement lifestyle or an active one, Daytona Beach is the perfect place to call home.
15. The Current Market in Daytona Beach: What You Need to Know
Daytona Beach, FL, real estate market is one of the hottest real estate markets in the country. If you’re thinking of buying a home in Daytona Beach, here’s what you need to know.
Inventory is meager right now, meaning there are fewer homes on the market than buyers are looking to purchase. This has caused home prices to skyrocket as buyers compete against each other to secure the limited number of properties available. The average home price in Daytona Beach is now $164,400.
The low inventory levels are not expected to improve anytime soon, so if you’re considering buying a home in Daytona Beach, you need to be prepared to pay more than you might have initially budgeted for.
Competition is fierce, so be sure to work with an experienced real estate agent who can help you navigate the market and negotiate the best possible price for your new home.
Having lived in Daytona beach for 16yrs, I can tell you firsthand that it is an amazing place to live. If you’re considering moving to Daytona Beach or looking for homes for sale in Daytona Beach, contact me today and save yourself the stress. I will help you find the perfect home in Daytona Beach, FL. Trust me, you won’t regret it!
Frequently Asked Questions
For many reasons, Daytona Beach, FL, is a great place to purchase a home. The weather is perfect for enjoying the outdoors year-round, the beach is world-renowned, and the city offers various activities and amenities.
The cost of living is also very reasonable, making it an affordable place to live. In addition, Daytona Beach is situated close to several major cities, providing residents with easy access to all the benefits of urban living.
Residents here pay less in taxes because Florida does not have a state income tax. The city’s sales tax is the same as the state’s overall sales tax, which is 6.5%, and the average annual property tax is just 0.92%.
Yes, Daytona Beach offers a beautiful sunset view. You can watch the sunset over the Atlantic Ocean from one of the many beachside restaurants or bars. Alternatively, you can walk along the boardwalk to enjoy the view.