Altamonte Springs, Florida Housing Market Prices
Altamonte Springs Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 37% above the Florida median$425,286
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Median rent 5% above the Florida median$1,751
Housing Market Overview
| Metric | Altamonte Springs | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $425,286 | $311,338 | $248,835 |
| Price Trend (Annual %) | 35.7% | 11.2% | 7.5% |
| Median Gross Rent | $1,751 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Altamonte Springs is about 37% higher than in Florida. Rent is about 5% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Altamonte Springs, up about 35.7% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Altamonte Springs rose about 70.1% between 2015 and 2024, from $1,029 to $1,751. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Altamonte Springs.
Buying the median-priced home in Altamonte Springs costs roughly 20.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Altamonte Springs. The price-to-rent ratio in Florida is about 15.6.
| Metric | Altamonte Springs | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $425,286 | $311,338 | $248,835 |
| Median Household Income | $67,739 | $74,580 | $80,455 |
| Price-to-Income Ratio | 6.3 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Altamonte Springs rose about 821.5%, while median household income rose about 28.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Altamonte Springs | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.3% | 57.7% | 58.5% |
| Rental Rate | 44.7% | 27.7% | 31.2% |
| Vacancy Rate | 8.0% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Altamonte Springs has a homeownership rate of 47.3%, lower than the Florida average of 57.7%. Its housing vacancy rate is 8.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Altamonte Springs | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1984 | 1988 | 1978 |
| Median Number of Rooms | 4.8 | 5.2 | 5.5 |
The typical housing unit in Altamonte Springs was built around 1984. On average, 2.3 people live in a home with about 4.8 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Altamonte Springs, Florida.
What is the median home price in Altamonte Springs, Florida?
The median home price in Altamonte Springs, Florida is $425,286, higher than the Florida average of $311,338.
What is the average home price in Altamonte Springs, Florida?
The typical home price in Altamonte Springs, Florida, reported as the median sale price, is $425,286. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Altamonte Springs, Florida?
The median gross rent in Altamonte Springs, Florida is $1,751 per month, higher than the Florida average of $1,668.
What was the median gross rent in Altamonte Springs in 2020?
In 2020, the median gross rent in Altamonte Springs, Florida was $1,269 per month.
What is the price-to-rent ratio in Altamonte Springs, Florida?
The price-to-rent ratio in Altamonte Springs, Florida is about 20.2, meaning it would take roughly 20.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Altamonte Springs.
Are home prices or rent rising faster in Altamonte Springs, Florida?
Both home prices and rent are rising in Altamonte Springs, up about 35.7% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Altamonte Springs, Florida?
47.3% of households in Altamonte Springs, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Altamonte Springs, Florida?
The housing vacancy rate in Altamonte Springs, Florida is 8.0%, lower than the Florida average of 14.6%.
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