Total monthly cost of ownership
Cost to Own a Home in Ormond-by-the-Sea, Florida
A $351,000 home here costs
$2,748per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,804. The real number is $944 higher every month — 52% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ormond-by-the-Sea against Volusia County and Florida
| Measure | Ormond-by-the-Sea | Volusia County |
|---|---|---|
| Median home value | $350,900 | $278,000 |
| Median property tax | $2,819 | $2,179 |
| Effective tax rate | 0.803% | 0.784% |
| Median gross rent | $1,370 | $1,368 |
| Population | 6,962 | 568,229 |
The weather behind that power bill
Ormond-by-the-Sea sits in Volusia County, which averages a high of 90.2°F in its hottest month and a low of 48.5°F in its coldest, with 51.25" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 3,112 cooling and 708 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Volusia County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Volusia County
Full Volusia County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Ormond-by-the-Sea?
A $351,000 home in Ormond-by-the-Sea, Florida costs approximately $2,748 per month with 20% down at 6.66%. That is $1,804 principal and interest, $235 property tax, $212 homeowners insurance, $204 utilities and $293 set aside for maintenance.
What is the property tax rate in Ormond-by-the-Sea?
Ormond-by-the-Sea has an effective property tax rate of 0.803%, based on a median home value of $350,900 and median real estate taxes of $2,819. That is higher than the Volusia County average of 0.784%.
What is the average home price in Ormond-by-the-Sea?
The median owner-occupied home value in Ormond-by-the-Sea, Florida is $350,900, against $278,000 across Volusia County.
Is it cheaper to rent or buy in Ormond-by-the-Sea?
Median gross rent in Ormond-by-the-Sea is $1,370 a month, against $2,748 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ormond-by-the-Sea — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.