Oviedo, Florida Housing Market Prices
Oviedo 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.
-
Median home price 41% above the Florida median$439,977
-
Median rent 14% above the Florida median$1,908
Housing Market Overview
| Metric | Oviedo | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,977 | $311,338 | $248,835 |
| Price Trend (Annual %) | 15.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,908 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oviedo is about 41% higher than in Florida. Rent is about 14% 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 Oviedo, up about 15.8% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Oviedo rose about 53.1% between 2015 and 2024, from $1,246 to $1,908. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Oviedo.
Buying the median-priced home in Oviedo costs roughly 19.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Oviedo. The price-to-rent ratio in Florida is about 15.6.
| Metric | Oviedo | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $439,977 | $311,338 | $248,835 |
| Median Household Income | $106,716 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oviedo rose about 257.9%, while median household income rose about 45.2% 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 | Oviedo | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 57.7% | 58.5% |
| Rental Rate | 27.5% | 27.7% | 31.2% |
| Vacancy Rate | 6.1% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Oviedo has a homeownership rate of 66.4%, higher than the Florida average of 57.7%. Its housing vacancy rate is 6.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | Oviedo | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1994 | 1988 | 1978 |
| Median Number of Rooms | 6.1 | 5.2 | 5.5 |
The typical housing unit in Oviedo was built around 1994. On average, 2.9 people live in a home with about 6.1 rooms, staying for about 12.0 years on average.
Oviedo, FL Housing Compared With Nearby Cities
How Oviedo, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oviedo, FL | 30,478 | $439,977 #1/3 | $1,908 #1/3 | 70.7% #2/3 |
| University, FL | 42,090 | $263,302 | $1,467 | 39.0% |
| Winter Springs, FL | 33,252 | $400,733 | $1,800 | 77.1% |
Frequently Asked Questions
Common questions about the housing market in Oviedo, Florida.
What is the median home price in Oviedo, Florida?
The median home price in Oviedo, Florida is $439,977, higher than the Florida average of $311,338.
What is the average home price in Oviedo, Florida?
The typical home price in Oviedo, Florida, reported as the median sale price, is $439,977. 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 Oviedo, Florida?
The median gross rent in Oviedo, Florida is $1,908 per month, higher than the Florida average of $1,668.
What was the median gross rent in Oviedo in 2020?
In 2020, the median gross rent in Oviedo, Florida was $1,631 per month.
What is the price-to-rent ratio in Oviedo, Florida?
The price-to-rent ratio in Oviedo, Florida is about 19.2, meaning it would take roughly 19.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Oviedo.
Are home prices or rent rising faster in Oviedo, Florida?
Both home prices and rent are rising in Oviedo, up about 15.8% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oviedo, Florida?
66.4% of households in Oviedo, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Oviedo, Florida?
The housing vacancy rate in Oviedo, Florida is 6.1%, lower than the Florida average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →