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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −5.9% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −15.8% YoY, is the number to watch.
The median listing price is down 5.9% YoY while the median home got up 4.2% bigger, so value per square foot is down 7.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: Studio (no price per sq ft reported).
At the median, a $292K purchase rents for $1,699/mo: 0.58% of price per month against the 1% rule's 1.00%.
Not shown: Studio (sale only, no matching rent), 5 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 27 days longer to go under contract than rentals (median across 5 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 32129 itself, not its parent county.
Renters hold 30.8% of this ZIP's 10,662 occupied households, on a median household income of $68K.
| Measure | ZIP 32129 | Volusia County | Difference |
|---|---|---|---|
| Median Household Income | $68K | $70K | -$2K |
| Below Poverty Level | 13.1% | 11.8% | +1.3% |
| Median Age | 45.20 | 46.50 | -1.30 |
| Total Population | 23,195 | 579,622 | -- |
| Avg Household Size | 2.17 | 2.33 | -0.16 |
| Owner-Occupied | 69.2% | 73.7% | -4.5% |
| Worked From Home | 13.9% | 14.4% | -0.5% |
| Mean Commute | 23.30 | 27.50 | -4.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 2.0% to 579,622: residents under 18 are up 1.4% and those 65 and over are up 3.2%.
County median household income is $70K, 11.8% of residents are below the poverty level, 14.4% work from home.