The Most Affordable Neighborhoods in Altamonte Springs, FL by Home Value

These days, finding an affordable place to live in the Altamonte Springs area can be challenging. Home prices in Altamonte Springs are now at a median cost of $311,712, lower than the Florida average of $396,783.

The average cost of rent is $1,733/mo in Altamonte Springs, primarily driven by the current value of real estate in the Altamonte Springs area. In Altamonte Springs, 48.57% of households rent, and 43.49% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Altamonte Springs is $5,916 per month. Households that rent pay about 29.29% of their income on rent here. Altamonte Springs’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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