East Lake-Orient Park, Florida Housing Market Prices
East Lake-Orient Park 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 44% below the Florida median$174,632
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Median rent 9% below the Florida median$1,513
Housing Market Overview
| Metric | East Lake-Orient Park | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,632 | $311,338 | $248,835 |
| Price Trend (Annual %) | 12.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,513 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Lake-Orient Park is about 44% lower than in Florida. Rent is about 9% lower 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 East Lake-Orient Park, up about 12.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in East Lake-Orient Park rose about 66.7% between 2015 and 2024, from $908 to $1,513. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in East Lake-Orient Park.
Buying the median-priced home in East Lake-Orient Park costs roughly 9.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Lake-Orient Park. The price-to-rent ratio in Florida is about 15.6.
| Metric | East Lake-Orient Park | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,632 | $311,338 | $248,835 |
| Median Household Income | $57,270 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.0 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in East Lake-Orient Park rose about 308.7%, while median household income rose about 35.9% 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 | East Lake-Orient Park | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.9% | 57.7% | 58.5% |
| Rental Rate | 46.1% | 27.7% | 31.2% |
| Vacancy Rate | 6.0% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
East Lake-Orient Park has a homeownership rate of 47.9%, lower than the Florida average of 57.7%. Its housing vacancy rate is 6.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | East Lake-Orient Park | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1984 | 1988 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in East Lake-Orient Park was built around 1984. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
East Lake-Orient Park, FL Housing Compared With Nearby Cities
How East Lake-Orient Park, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| East Lake-Orient Park, FL | 30,711 | $174,632 #3/3 | $1,513 #3/3 | 50.9% #3/3 |
| Palm River-Clair Mel, FL | 26,532 | $273,962 | $1,549 | 60.9% |
| Brandon, FL | 119,418 | $305,812 | $1,783 | 56.2% |
Frequently Asked Questions
Common questions about the housing market in East Lake-Orient Park, Florida.
What is the median home price in East Lake-Orient Park, Florida?
The median home price in East Lake-Orient Park, Florida is $174,632, lower than the Florida average of $311,338.
What is the average home price in East Lake-Orient Park, Florida?
The typical home price in East Lake-Orient Park, Florida, reported as the median sale price, is $174,632. 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 East Lake-Orient Park, Florida?
The median gross rent in East Lake-Orient Park, Florida is $1,513 per month, lower than the Florida average of $1,668.
What was the median gross rent in East Lake-Orient Park in 2020?
In 2020, the median gross rent in East Lake-Orient Park, Florida was $1,085 per month.
What is the price-to-rent ratio in East Lake-Orient Park, Florida?
The price-to-rent ratio in East Lake-Orient Park, Florida is about 9.6, meaning it would take roughly 9.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Lake-Orient Park.
Are home prices or rent rising faster in East Lake-Orient Park, Florida?
Both home prices and rent are rising in East Lake-Orient Park, up about 12.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in East Lake-Orient Park, Florida?
47.9% of households in East Lake-Orient Park, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in East Lake-Orient Park, Florida?
The housing vacancy rate in East Lake-Orient Park, Florida is 6.0%, lower than the Florida average of 14.6%.
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