Real Estate Investing in Deltona, Florida (32738)
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Should you buy in 32738 (Deltona, FL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Deltona, FL (32738)?
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Market Analysis: 32738 Deltona
The 32738 ZIP in Deltona, FL is a local-operator market. Outside capital chasing a $305K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 32738 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader FL picture, 32738 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On the rental side, 48,458 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 32738 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Deltona:
Property Strategy for 32738
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $224,537 | $1,870 | 6.0% | +8.2% | $112,268 |
| 3BR | $287,504 | $2,460 | 6.2% | +7.5% | $95,835 |
| 4BR | $342,990 | $2,670 | 5.6% | +7.4% | $85,748 |
| 5BR | $397,089 | — | — | +7.2% | $79,418 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32738 Compare?
| Metric | 32738 | Deltona | Deltona-Daytona Beach-Ormond Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $305,380 | $302,263 | N/A | $374,697 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 7.4% |
| Avg Rent | $2,025 | $2,043 | N/A | - |
| Cap Rate | 5.2% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32738 (Deltona, 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 | $305,380 |
| Monthly Rent | $2,025 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). 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 32738
Population: 48,458
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 32738
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
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
Investor Insight: With 3,046 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Deltona, FL rate as a rental market?
Deltona, FL scores 3.0/5 for investability. Home values sit at $305K and rents near $2,025/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical rental rate in Deltona, FL?
The typical rental in Deltona, FL commands about $2,025/mo monthly. That rent profile consistent cash flow against the $305K purchase basis.
Is rental property easy to operate in Deltona, FL?
The landlord environment in Deltona, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is vacancy a concern in Deltona, FL?
Rental vacancy in Deltona, FL is elevated. Investors should budget normal turnover but not chronic empty units.
Is Deltona, FL better for rentals, flips, or BRRRR?
For Deltona, FL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 32738 now. You don’t know where it ranks.
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How 32738 ranks in Deltona-Daytona Beach-Ormond Beach, FL
Every ZIP in this metro, ranked. Free.
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