Oviedo, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Oviedo, FL Real Estate Data

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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oviedo Housing Market Information

With 40,785 people, 11,717 houses or apartments, and a median cost of homes of $316,880, Oviedo real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Oviedo, accounting for 84.86% of the city's housing units. Other types of housing that are prevalent in Oviedo include large apartment complexes or high rise apartments ( 7.02%), row houses and other attached homes ( 6.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.57%).

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 77.41% of Oviedo's homes, and 77.74% 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 ( 27.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.64%).

Oviedo Home Appreciation Rates

Appreciation rates for homes in Oviedo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 30.04%, which ranks in the top 30% nationwide. This equates to an annual average Oviedo house appreciation rate of 2.66%.

NeighborhoodScout's data show that during the latest twelve months, Oviedo's appreciation rate, at 5.84%, has been at or slightly above the national average. In the latest quarter, Oviedo's appreciation rate has been 0.83%, which annualizes to a rate of 3.35%.

Relative to Florida, our data show that Oviedo's latest annual appreciation rate is lower than 60% 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:
$316,880

Oviedo, FL HOME PRICES

Value Range
> $1,319,000 0.2
$989,001 - $1,319,000 0.5
$660,001 - $989,000 4.3
$527,001 - $660,000 8.8
$395,001 - $527,000 20.0
$264,001 - $395,000 36.6
$132,001 - $264,000 26.4
$66,001 - $132,000 1.9
$0 - $66,000 1.3

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
17.5649635036496 28.0851063829787

Number Of Homes And Apartments:
11,717

Oviedo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
96.86% 3.58%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,005 / per month

Homeownership Rate

Homeownership
Owners 77.41
Renters 22.59
Vacant 7.95

Housing Market Details

 

Age of Homes

AGE OF Oviedo HOMES
2000 or Newer 27.6
1970 - 1999 69.3
1940 - 1969 2.6
1939 or Older 0.5

Types of Homes

TYPE OF Oviedo HOMES
Single-Family 84.9
Townhomes 6.0
Small Apt. Buildings 1.6
Apt. Complexes 7.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Oviedo HOMES
No Bedroom 0.91
1 Bedroom 1.35
2 Bedrooms 10.75
3 Bedrooms 41.54
4 Bedrooms 36.19
5 or more bedrooms 9.25