| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 52nd | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 240 Whispering Oaks Ct, Orange City, FL, 32763, US |
| Region / Metro | Orange City |
| Year of Construction | 1985 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
240 Whispering Oaks Ct Orange City Multifamily Investment
Neighborhood renter demand and occupancy appear resilient, according to WDSuite s CRE market data, positioning this asset for steady leasing performance in Orange City. The submarket s fundamentals suggest durable tenant depth relative to similar inner-suburban locations.
Located in the Deltona Daytona Beach Ormond Beach metro, the neighborhood scores an A overall (ranked 19 of 159), indicating competitive positioning among metro peers for multifamily investors. Occupancy in the neighborhood is strong and above many U.S. areas (rank 26 of 159; national percentile 73), supporting expectations for leasing stability and lower downtime between turns.
Amenities are a relative strength: restaurants and cafes place around the top quartile nationally, and grocery and pharmacy access are also above national medians (grocery and pharmacy percentiles both in the mid-60s to mid-70s). Parks coverage trends even stronger (national percentile 81). These fundamentals tend to aid retention and day-to-day livability, which can support renewal rates and reduce marketing costs.
Tenure patterns indicate depth in the renter pool: the share of housing units that are renter-occupied tracks high versus national benchmarks (national percentile 91; rank 10 of 159 in the metro). For investors, a higher renter concentration typically broadens the prospect base and can help sustain occupancy across cycles.
Within a 3-mile radius, demographics point to continued renter pool expansion: population has grown in recent years and is projected to rise further by 2028, while households are expected to increase at a faster pace alongside slightly smaller average household sizes. This combination generally supports demand for rental units and can bolster occupancy stability over the hold period.
Ownership costs, measured against local incomes, trend on the higher side in this neighborhood (value-to-income rank 22 of 159, competitive among metro neighborhoods). In practice, a high-cost ownership market often sustains reliance on multifamily options, supporting pricing power and lease-up velocity when units turn.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically contextualize safety by reviewing city and county trend resources and comparing submarkets within the Deltona Daytona Beach Ormond Beach metro to understand relative performance over time.
Nearby corporate offices provide a diverse employment base that can reinforce weekday traffic and support leasing durability. The employers below reflect commutable options that align with workforce-oriented renter demand.
- Symantec corporate offices (11.7 miles)
- Prudential corporate offices (32.4 miles)
- Ryder corporate offices (33.7 miles)
- Darden Restaurants restaurant group corporate offices (36.7 miles) HQ
- Waste Management corporate offices (37.1 miles)
The property s neighborhood shows occupancy above many U.S. areas and a renter-occupied share that ranks high within the metro, underscoring durable tenant depth and potential leasing stability. Amenities score well relative to national peers especially restaurants, cafes, parks, and essential retail which can support retention and reduce frictional vacancy. Within a 3-mile radius, population and household growth, coupled with smaller projected household sizes, point to a larger tenant base and steady demand for rental units.
Affordability dynamics warrant active lease management: ownership remains comparatively high-cost relative to incomes in the neighborhood, which tends to reinforce multifamily demand, while rent-to-income levels indicate potential affordability pressure for some cohorts. According to CRE market data from WDSuite, these counterbalancing factors net to a constructive setup for occupancy with attention to pricing and renewal strategies.
- Strong neighborhood occupancy and high renter concentration support leasing stability.
- Amenity access (food, parks, essentials) is above national medians, aiding retention.
- 3-mile radius shows population and household growth, expanding the tenant base.
- Elevated ownership costs relative to incomes can sustain rental demand over time.
- Risk: higher rent-to-income ratios call for disciplined pricing, renewals, and concessions management.