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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 64,870 people, 27,857 houses or apartments, and a median cost of homes of $374,878, Port Orange real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Port Orange, accounting for 62.80% of the city's housing units. Other types of housing that are prevalent in Port Orange include mobile homes or trailers ( 15.69%), large apartment complexes or high rise apartments ( 13.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Orange. Owner-occupied housing accounts for 73.24% of Port Orange's homes, and 56.93% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Port Orange 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 Port Orange built between 2000 and later ( 30.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.70%).
Vacant housing appears to be an issue in Port Orange. Fully 10.35% of the housing stock is classified as vacant. Left unchecked, vacant Port Orange homes and apartments can be a drag on the real estate market, holding Port Orange 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.
In the last 10 years, Port Orange has experienced some of the highest home appreciation rates of any community in the nation. Port Orange real estate appreciated 160.77% over the last ten years, which is an average annual home appreciation rate of 10.06%, putting Port Orange in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Orange definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Port Orange appreciation rates have trailed the rest of the nation. In the last twelve months, Port Orange's appreciation rate has been 4.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Orange were at 0.54%, which equates to an annual appreciation rate of 2.16%.
Notably, Port Orange's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Port Orange's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Port Orange differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Orange - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Port Orange real estate investment or home purchase decisions.
$374,878
for Florida
for nation
27,857
$2,241 / per month