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Oviedo, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oviedo, FL Housing Market Trends

With a population of 39,559, 13,054 total housing units (homes and apartments), and a median house value of $506,383, real estate costs in Oviedo are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Oviedo is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Oviedo than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oviedo. Owner-occupied housing accounts for 77.64% of Oviedo's homes, and 75.92% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oviedo built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oviedo built between 2000 and later ( 34.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.77%).

Oviedo Home Appreciation Rates

In the last 10 years, Oviedo has experienced some of the highest home appreciation rates of any community in the nation. Oviedo real estate appreciated 155.28% over the last ten years, which is an average annual home appreciation rate of 9.83%, putting Oviedo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oviedo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Oviedo that despite a nationwide downturn in the housing market, Oviedo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oviedo appreciation rates continue to be some of the highest in America, at 20.43%, which is higher than appreciation rates in 89.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oviedo. Oviedo appreciation rates in the latest quarter were at 4.85%, which equates to an annual appreciation rate of 20.84%.

Relative to Florida, our data show that Oviedo's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oviedo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oviedo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Oviedo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$506,383

Oviedo, FL HOME PRICES

> $1,555,000
$1,166,001 - $1,555,000
$778,001 - $1,166,000
$622,001 - $778,000
$466,001 - $622,000
$311,001 - $466,000
$155,001 - $311,000
$78,001 - $155,000
$0 - $78,000
0.6%
0.6%
0.6%
0.6%
7.6%
7.6%
14.5%
14.5%
28.3%
28.3%
33.8%
33.8%
10.9%
10.9%
1.7%
1.7%
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
13,054

Oviedo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
196.03% 4.89%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,057 / per month

Homeownership Rate

Owners
Renters
Vacant
77.6%
77.6%
22.4%
22.4%
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.6%
34.6%
63.5%
63.5%
1.8%
1.8%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.4%
82.4%
6.7%
6.7%
1.5%
1.5%
8.9%
8.9%
0.5%
0.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
1.7%
1.7%
8.9%
8.9%
38.1%
38.1%
37.8%
37.8%
13.2%
13.2%
0.0% 100.0%
% OF HOMES