DeLand braces for explosive growth and new developments

In a recent government meeting, officials discussed significant growth trends in DeLand, highlighting a nearly doubled population since 2000 and a robust residential construction sector. The population is projected to reach 43,450 by the end of 2024, marking a 5.29% increase from 2023, and is expected to rise to 45,515 by the end of 2025.

The meeting revealed that DeLand has seen a 13.9% decrease in total annual residential permits since 2022, with 568 permits issued in 2023. Despite this decline, DeLand remains second in Volusia County for residential permits, surpassing Deltona but trailing Daytona Beach. To support ongoing growth, the city is expanding its water treatment facility.

Employment data showed a recovery from pandemic-related impacts, with the unemployment rate dropping from 6.2% in 2021 to 4.1% in 2024. The labor force has also steadily increased since early 2020.

Home sales data indicates a continued rise in median home prices, with the median listing price around $400,000 and the median sold price at approximately $360,000. Homes are averaging about 50 days on the market.

Looking ahead, the city is preparing for the opening of a new SunRail station in West DeLand by the end of summer, alongside new commercial developments including a Culver's, a Starbucks, and a second Chipotle. Additionally, new apartment complexes and various housing projects, including a proposed tiny home community, are in the works, particularly in the historic downtown area and along Florida Avenue.

The meeting concluded with a discussion on the surprising number of residential permits issued in DeLand compared to neighboring Deltona, indicating a strong demand for housing in the area.