Daytona Beach, Florida, sits about 50 miles from Orlando and 90 miles from Jacksonville in Volusia County. The city, which is home to more than 61,000 people, is part of the Deltona-Daytona Beach-Ormond Beach metro area. Its also the largest city on Floridas Fun Coast. Known for its beaches and excellent motorsports, this area is the ideal place to rent to own when you want to enjoy the sun and the sand every day. You can rent homes here affordably while having the opportunity to live in a top tourism destination.
The median sale price of a home in Daytona Beach for the second quarter of 2013 is $82,250, with over 400 sales occurring so far during this period. The average listing price of a home in the area, as of August 2013, sits at $216,832. For individuals interested in rental homes, consider that the annual residential turnover here is 18 percent, and the median years in residence for Daytona Beach is two.
When it comes to events and festivals, motorsports dominate the scene. The Daytona 500, otherwise known as "The Great American Race," is the final event of Speedweeks, a racing extravaganza that takes place every year during January and February. If youre more interested in two-wheeled vehicles, Daytona Beach has that covered, as well, with Bike Week every March and Biketoberfest every October.
Daytona Beachs downtown area and beachfront tends to be the best place for nightlife in the city. Check out the Streamline Hotel, where theres an amateur dance contest every Saturday night, as well as a more low-key rooftop bar. If after a day in the sun, youre looking to relax, head over to Robbie OConnells Pub, where you can play a few games of darts and shuffleboard.
As you consider your rent to own options in Daytona Beach, you need to decide whether or not you want to live on the water or if you want to live further inland, where there may be less tourists and it may be less crowded. Here are some of the more popular neighborhoods in Daytona Beach:
Seabreeze, as its name indicates, is right on the Atlantic Ocean and has a large number of dining and nightlife options nearby, including The Oyster Pub, where you can get fresh seafood every day. The average rental price for this area is around $650 dollars, and the vacancy rate is close to 50%, meaning finding a place in one of the many apartment complexes here should not be too difficult.
Pelican Bay is an inland community that attracts many families and golf enthusiasts. Its listing prices average around $150,000 and its homes for rent average is around $830 a month. This area has the Club at Pelican Bay, which boasts 36 holes of golfing splendor, and it is somewhat removed from the more touristy areas of the city. However, youre still only a short drive from the beach.
Ortona is a neighborhood that is very similar to Seabreeze in both location and demographics. The median real estate price here is right around $100,000, and it is home to many middle class families. Being within walking distance of the ocean will only cost you around $650 dollars a month if youre looking to rent an apartment.
W International Speedway Blvd / Bellevue Ave is a more expensive, inland neighborhood, where the average house listing price is over $200,000. Unlike Seabreeze and Ortona, this neighborhood is full of mostly medium-sized family homes, many of which were built in the last decade. As you can guess from the name, this neighborhood is close to the Daytona International Speedway, which hosts the Daytona 500 every year. It is also near the edge of the Tiger Bay State Forest.
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