Real Estate Investing in New Smyrna Beach, Florida (32168)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32168 (New Smyrna Beach, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.8% of homes vacant — above national norms.
What’s happening in New Smyrna Beach, FL (32168)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32168 New Smyrna Beach
ZIP 32168 in New Smyrna Beach, FL carries a substantial set of headwinds. Home values near $384K and rents of $2,061/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 32168 can be a an appealing option for hunting ground — but the discount at $384K reflects genuine risk that outside investors often underestimate.
The gap between 32168 and stronger New Smyrna Beach ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 32168 ZIP's population of 30,688 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategically, 32168 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New Smyrna Beach:
Property Strategy for 32168
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $194,490 | $1,610 | 6.0% | +7.0% | $194,490 |
| 2BR | $274,584 | $1,980 | 5.2% | +7.7% | $137,292 |
| 3BR | $396,060 | $2,610 | 4.7% | +7.3% | $132,020 |
| 4BR | $462,990 | $2,830 | 4.4% | +7.9% | $115,747 |
| 5BR | $637,297 | — | — | +10.1% | $127,459 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32168 Compare?
| Metric | 32168 | New Smyrna Beach | Deltona-Daytona Beach-Ormond Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $383,683 | $468,498 | N/A | $374,697 |
| 5-Year CAGR | 4.5% | 4.3% | N/A | 7.4% |
| Avg Rent | $2,061 | $2,524 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32168 (New Smyrna Beach, FL). Anonymous, moderated, never written by AI.
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Property managers serving Volusia County
Manage rentals here? List your business →Tempest Community Management provides top-level, personalized management services for community associations of all sizes, focusing on client collaboration and homeowner experience. summary from their website
Continental Property Services offers apartments for rent in Daytona Beach, Florida, including The Breakers, Indigo Pines, Oaks Of Lakebridge, and Sailpoint Bay. summary from their website
Daytona Property Management provides property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $383,683 |
| Monthly Rent | $2,061 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -9.8% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32168
Population: 30,688
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32168
Schools in This ZIP Code
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is house hacking profitable in New Smyrna Beach, FL?
House hacking in New Smyrna Beach, FL is reasonable to execute. Prices around $384K and rents of $2,061/mo solid owner-occupant economics.
Are tenants stable in New Smyrna Beach, FL?
New Smyrna Beach, FL draws a even-keeled base of working renters. Demand at the $2,061/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical rental rate in New Smyrna Beach, FL?
Investors in New Smyrna Beach, FL typically see rents near $2,061/mo per month against $384K home values - a solid setup for rental cash flow.
How do landlord-tenant laws work in New Smyrna Beach, FL?
FL ranks as a landlord-friendly state for landlord-tenant law. New Smyrna Beach generally follows the statewide framework, so landlords face reasonable operating rules.
What is the median home value in New Smyrna Beach, FL?
Expect median prices around $384K in New Smyrna Beach, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 32168 now. You don’t know where it ranks.
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How 32168 ranks in Deltona-Daytona Beach-Ormond Beach, FL
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