New Smyrna Beach has the attention of the Orlando market as an ideal location for a second home or as residential income. If you are looking for a better investment overall you should look at New Smyrna Beach. If you are just looking for a more affordable quiet beachside destination, than I would recommend Ormond Beach.
Volusia is not a high priced area versus South Florida,
Actually Ormond has a higher economic level then other cities in Volusia,
New Smyrna Beach has a different atmosphere than Ormond Beach as well as a different beach feel, even the sand is different, it just depends upon what you are looking for.
Feel free to give me a call 386-478-9776 if you are not already working with a Realtor, I would be happy to assist you with any questions you may have or send you properties that are available in Ormond or New Smyrna.
In either case good luck with your potential purchase.