413 Flormond Ave, Ormond Beach
Volusia County Real Estate - Ormond Beach
Ormond Beach is known as the "Birthplace of Speed". It was a popular spot for those who liked fast cars after the turn of the 20th century. The hard-packed beach was ideal for going fast. That same beach had led to the development of a tourist resort by Henry Flagler. It later attracted Flagler's former business partner John D. Rockefeller, who had a winter home in Ormond.
Today, Ormond Beach is home to almost 40,000 people. The largest sectors of the economy lie with retail and healthcare, but trade and manufacturing are important, with science and technology a growing part of the economy. The Ormond Beach Airport Business Park and Airpark are within a free trade zone.
Ormond Beach is in East Central Florida. It's population as recorded in the 2010 Census was 38,137. Ormond Beach is approximately 29 miles from Deltona (population 85,182) and around 23 miles from Palm Coast (population 75,180).
The median age for residents of Ormond Beach is 50.7. Around 22.3% of Ormond Beach households include school aged children and 42.2% of households include individuals aged 65 years or over. Census records indicate 92.1% of the Ormond Beach population are White, 3.2% are Black or African American, .1% American Indian, 2.2% Asian and 1.4% are Two or more Races.
There are 19,576 housing units in Ormond Beach. 2,514 (12.8%) of these were reported as vacant in the 2010 Census. Ormond Beach is a tourist destination, 37.5% (943) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 4,195 residential rental units in Ormond Beach. 3,566 of them were occupied in 2010 providing a residential rental vacancy rate of 14.4%.
Ormond Beach links:
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Volusia County
Volusia County is located in the East Central Florida region, along with Brevard, Orange, Sumter, Seminole, Lake, and Osceola counties. Volusia County cities and towns include Daytona Beach, DeBary, DeLand, Deltona, Holly Hill, New Smyrna Beach, Orange City, Ormond Beach, and Port Orange.
Top industries for Volusia County are education & health services, retail trade, leisure & hospitality, and professional & business services. Top private sector employers include Florida Hospital, Halifax Health, Wal-Mart, Publix Supermarkets, and Embry-Riddle Aeronautical University. Public sector employers include Volusia County School Board, County of Volusia, Florida state government, Daytona State College, and US government.
Volusia County is home to Daytona Beach and the Daytona International Speedway, which hosts NASCAR's most prestigious race, the Daytona 500. Daytona Beach is also a popular tourist destination owing to its beaches and the races at its speedway. Daytona is home to the headquarters for NASCAR and the LPGA. Daytona features several golf courses.
The largest city in Volusia County in Deltona, which is a bedroom community for Orlando. Though it was originally a planned community for retirees, the city is now a quarter Hispanic and much younger.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 423 Flormond Ave | Single Family | 1,176 | B |
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| 405 Flormond Ave | Single Family | 1,376 | B |
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| 154 Salvador Pl | Single Family | 1,041 | B |
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| 146 Salvador Pl | Single Family | 813 | C |
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| 404 Flormond Ave | Municipal Owned | 1,446 | B |
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| 402 Flormond Ave | Municipal Owned | 1,446 | B |
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| 437 Flormond Ave | Single Family | 1,524 | B |
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| 145 Hand Av | Single Family | 952 | B |
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| 406 Flormond Ave | Municipal Owned | 1,446 | B |
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| 400 Flormond Ave | Municipal Owned | 1,446 | B |
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| 414 S Ridgewood Ave | Single Family | 1,738 | B |
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| 424 S Ridgewood Ave | Single Family | 2,316 | B |
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| 135 Hand Av | Vacant Residential | 0 | L | |
| 136 Salvador Pl | Single Family | 768 | B |
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| 161 Salvador Pl | Single Family | 1,760 | B |
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| 165 Hand Ave | Municipal Owned | 1,446 | B |
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| 390 Flormond Ave | Single Family | 1,305 | B |
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| 137 Salvador Pl | Single Family | 912 | B |
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| 145 Hand Ave | Land | 0 | B | |
| 438 S Ridgewood Ave | Single Family | 3,067 | B |
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| 417 Bostrom Ln | Single Family | 1,256 | B |
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| 421 Bostrom Ln | Single Family | 1,584 | B |
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| 384 Flormond Ave | Multi-family - less than 10 units | 2,941 | C |
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| 400 S Ridgewood Ave | Single Family | 768 | B |
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| 405 Bostrom Ln | Single Family | 1,028 | B |
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| 323 Bostrom Ln | Single Family | 1,414 | B |
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| 377 Flormond Ave | Single Family | 1,176 | B |
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| 162 Hand Ave | Single Family | 1,224 | B |
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| 134 Hand Ave | Single Family | 1,068 | C |
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| 395 Bostrom Ln | Single Family | 3,028 | C |
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| 392 S Ridgewood Ave | Single Family | 3,819 | B |
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| 181 Hand Ave | Single Family | 1,848 | B |
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| 378 Flormond Ave | Single Family | 1,824 | B |
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| 126 Hand Ave | Single Family | 856 | B |
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| 382 S Ridgewood Ave | Single Family | 899 | B |
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| 389 Bostrom Ln | Single Family | 680 | C |
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| 174 Hand Ave | Single Family | 552 | C |
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| 448 S Ridgewood Ave | Single Family | 1,166 | B |
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| 460 Fred Gamble Way | Single Family | 888 | C |
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| 111 Capri Dr | Single Family | 1,238 | B |
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| 461 Fred Gamble Way | Single Family | 3,546 | B |
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| 385 Bostrom Ln | Vacant Residential | 0 | L | |
| 102 Capri Dr | Single Family | 1,291 | B |
|
Local Household Income
The median household income in this part of Florida is $47,798. The bottom 10% of the population earn less than $13,709 per year. The top 10% earn more than $128,108 per year. The top 1% earn more than $430,659 per year. Most renters earn between $23,856 (20th percentile) and $37,308 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $95,596 and $119,495.
The tax assessed value of this property places it in percentile 53 of all properties in this area. This suggests it would appeal to someone earning around $50,621 per year who should qualify for a mortgage between $101,242 and $126,553.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $829. Most renters earn between $1,988 and $3,109 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $597 (20th percentile) to $1,107 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 53 of all properties in this area. This corresponds to a rent of $847 per month and a monthly household income of $2,497 ($29,964 per year)
Nearby Companies
136 Salvador Pl