Vacation Rental Market Analysis: Daytona Beach, FL

The Evolve Team
The Evolve Team
January 5, 2023

Daytona Beach attracts tons of sunshine-lovers every year for its 23 miles of coastline. And they’re serious about their sand time: in a recent survey of out-of-state visitors, a whopping 93% of participants said they came just for the beach (locally dubbed the “World’s Most Famous”).

Add that to coastal cuisine, family fun, home-run history, and the annual Daytona 500 that hosts more than 100,000 people alone — it’s clear the area’s 9.9 million annual visitors checks out. That makes a real estate investment in Daytona Beach as appealing to buyers as the glistening Atlantic Ocean.

To help you understand the investment opportunity this beloved Florida hotspot’s market presents, we created a free, downloadable vacation rental market analysis.

Inside you’ll find:

  • Rental income potential by property size
  • Average occupancy by property size
  • Average daily rate by property size
  • Average days booked in advance
  • Average length of stay
  • Vacation rental inventory by property size
  • Occupancy rate by month

The findings in this analysis are based on Evolve’s Daytona Beach market averages in the last year. They provide a general baseline for performance potential and they’re designed to help inform smart decisions when making a real estate investment in Daytona Beach, FL.

Download Our Complete Daytona Beach Vacation Rental Investment Analysis

Green icon of a beach house with waves, an umbrella, and stars

Why Daytona Beach Is a Great Place to Own Vacation Rental Property

Daytona Beach’s popularity may start with the beaches and year-round warm weather, but it doesn’t end there. Cue the Jackie Robinson Ballpark, the Smithsonian-affiliated Museum of Arts and Sciences, and the legendary Daytona International Speedway, and this Floridian oasis becomes a well-rounded destination for couples, families, and business travelers alike.

Not-so-coincidentally, vacation rental occupancy starts climbing in February, largely in thanks to the Daytona 500. Demand reaches its peak around spring break, and stays up through the summer for all those sun and relaxation chasers. Although travel slows in the cooler months, our data shows top properties still tend to see strong booking calendars until January.

For real estate investors in Daytona Beach, this can translate to a diverse population of multi-season travelers looking for the perfect place to stay — ones who are willing to spend for it. In 2021, Volusia County visitors spent $5.5 billion locally. So diving into the real estate waters could help you reel in some of that revenue for yourself.

If that’s what you’re looking for, Zillow’s median home value is on your side at around $272,000. While beachfront properties will likely be pricier, Daytona Beach generally offers a more affordable real estate investment than other Florida hotspots like Miami, Tampa, or nearby Jacksonville.

Green icon of a crystal ball with the words "profit prediction" in the middle with stars

How Much Money Can You Earn with a Daytona Beach Vacation Rental?

As travelers of all kinds discover the delights of Daytona Beach’s sunny sands, short-term rental owners have the opportunity to earn big. But before you dive into Daytona Beach real estate investment, consider these important factors.

Property Size

Four-bedroom properties earn the most annual nights booked on average, which matches traveler data revealing an average party size of four for all visitors surveyed. However, larger homes make up a much smaller portion of available Daytona Beach inventory. So if a four- or five-bedroom property piques your interest, your property search could be a bit more limited.

But with one-bedroom homes following close behind in average nights booked, their much larger inventory pool could make a smaller property a more feasible real estate investment in Daytona Beach. Similarly, two- and three-bedroom homes show larger inventories and still see strong performance. Opting for either could help you accommodate bigger groups looking for that local sunshine.

Property Location

According to our Real Estate Services (RES) team, travelers look to book homes right on the shoreline or within walking distance to the beach — so start your property search there to help secure a strong performance opportunity.

Our RES team also says condos do very well in Daytona Beach, especially when located on Atlantic Avenue with beach access. So while a standalone beach house investment could produce a high return on investment, a beachfront condo could also be profitable while offering access to the market at lower upfront costs.

Property Amenities

From the sunniest spring and summer days to the city’s quieter winter season, owners can stand out in Daytona Beach’s thriving travel market by investing in the amenities travelers look for.

Because the majority of top-performing rentals in Daytona are located on or near the water with an ocean view, consider adding popular beach amenities. Air conditioning and an updated outdoor space can also create the perfect environment for relaxing after a long day in the sun.

When rain and cooler temps keep people inside, your home can attract even more guests and earn five-star reviews with all-weather entertainment. Smart TVs, gaming consoles, and a pool table are great for turning up the fun — particularly for groups seeking family-friendly options.

When you’re ready to explore the market, make your search easier by starting with Evolve homes for sale.

Download Our Full Daytona Beach, FL Vacation Rental Market Analysis

A world-famous beach, year-round warm weather, and a variety of popular events and activities add up to major travel demand in Daytona Beach — along with a promising real estate investment for buyers to explore.

Whether you’re fishing for an investment property purchase or hoping to reel in more revenue with your current home, our free Daytona Beach Vacation Rental Market Analysis has what you need. It’s full of important insights, including:

  • Average daily rate by property size
  • Average days booked in advance
  • Average length of stay in high and low seasons
  • Revenue potential by property size

The right tools for real estate investment in Daytona Beach, FL can get you your day in the sun — while your guests spend theirs at the beach.

Get Your Vacation Rental Market Analysis

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