| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 52nd | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 910 S Volusia Ave, Orange City, FL, 32763, US |
| Region / Metro | Orange City |
| Year of Construction | 1982 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
910 S Volusia Ave 30-Unit Orange City Multifamily
Neighborhood metrics indicate above-median occupancy and a strong renter-occupied housing base, supporting steady tenant demand, according to WDSuite’s CRE market data.
Positioned in Orange City’s inner-suburban fabric of the Deltona–Daytona Beach–Ormond Beach metro, the property benefits from a renter-oriented neighborhood profile. The surrounding area posts an occupancy level that ranks 26th of 159 metro neighborhoods — above the metro median and indicative of stable leasing conditions. Renter-occupied housing accounts for a majority of neighborhood units, signaling a deep tenant pool and resilient demand for multifamily.
Everyday convenience is a local strength. Restaurants, cafes, parks, and pharmacies index in the top quartile nationally, pointing to solid lifestyle access that can aid retention and limit turnover. Grocery availability is also competitive. Childcare options are thinner by comparison, and investors should plan for that in resident services positioning.
Demographic trends aggregated within a 3-mile radius show recent population and household growth, with forecasts calling for additional household expansion and smaller average household sizes over the next five years. A growing household base and shifting composition typically translate to a larger renter pool, supporting occupancy stability and leasing velocity for well-managed assets.
On affordability, neighborhood-level incomes trail national norms while rent-to-income metrics run elevated. In practice, this supports ongoing reliance on rental housing but requires disciplined rent setting and renewal management. Home values are comparatively modest for the region, yet ownership costs relative to income remain high, which tends to sustain multifamily demand and can support pricing power when paired with thoughtful lease management.
Comparable, metro-level safety metrics specific to this neighborhood were not available in WDSuite’s dataset for the latest period. Investors typically contextualize safety using multiple sources, including city and county publications and longitudinal trends at the neighborhood and submarket levels, to align risk assessment with underwriting assumptions.
Regional employment access includes corporate offices within commuting range that support renter demand and lease retention, notably in cybersecurity/software, financial services, logistics, restaurant corporate, and environmental services.
- Symantec — cybersecurity/software (11.7 miles)
- Prudential — financial services (32.5 miles)
- Ryder — logistics & transportation (33.7 miles)
- Darden Restaurants — restaurant corporate (36.7 miles) — HQ
- Waste Management — environmental services (37.0 miles)
This 30-unit asset sits in a neighborhood with leasing conditions that outperform the metro median, supported by a majority share of renter-occupied housing and amenity access that ranks well nationally. Combined with a growing 3-mile household base and smaller projected household sizes, the demand backdrop favors occupancy stability and steady leasing for efficiently managed units.
Affordability pressure at the neighborhood level suggests careful pricing and renewal strategy, yet it also reinforces reliance on multifamily housing — a tailwind for demand. According to CRE market data from WDSuite, these dynamics, coupled with proximity to diversified employment nodes, position the property for consistent performance while calling for prudent expense control and tenant retention focus.
- Above-median neighborhood occupancy among 159 metro areas supports leasing stability.
- Majority renter-occupied housing indicates deep tenant demand for multifamily.
- Top-quartile access to restaurants, cafes, parks, and pharmacies aids retention.
- 3-mile population and household growth expand the renter pool and sustain occupancy.
- Risk: Elevated rent-to-income levels require disciplined pricing and renewal management.