Daytona Beach is known for many things. The city has a vibrant arts & culture scene, booming tourist industry, and a thriving nightlife. Daytona Beach also offers many shopping and entertainment options, an affordable cost of living, great public schools, fair weather, and a diverse community. In this Florida city, residents and tourists alike never run out of activities to do.
The median household income in Daytona Beach is $32,932. The city boasts a diverse population, with 20% of residents aged 65 and above, 14% aged 55-64, 12% aged 45-54, 9% aged 35-44, 14% aged 25-34, and 14% aged 18-24. About 33% of the population hold some college or associate degrees and 32% hold high school diplomas. On the other hand, some 15% of the residents have bachelor’s degrees and 8% have master’s degrees or higher.
There are approximately 28,817 homes and apartments in Daytona Beach. Out of these, 46.5% are single-family homes and 36.2% are apartment complexes. Most of the homes were built between 1970 and 1999, at about 52% of the market.
Much like the rest of Florida, Daytona Beach is home to numerous homeowners associations. Homebuyers prefer to invest in properties that are part of HOA communities due to the perks these associations bring. An HOA’s main purpose is to maintain property values in a given community. The association and its board members do this by enforcing rules, keeping up with maintenance, and making decisions in the community’s best interest. Apart from that, HOA residents also benefit from the use of amenities and services.
It is important to remember, though, that Daytona Beach HOA management is not an easy task to accomplish. It involves constant communication with homeowners, vendor management, financial management, assessment collection, and more. For many HOA boards, these daily operations can feel unbearable, especially when they start to pile up. This is why a vast majority of communities seek the help of professional HOA management companies.
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