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These days, finding an affordable place to live in the Orlando area can be challenging. Home prices in Orlando are now at a median cost of $384,607, lower than the Florida average of $396,783.
The average cost of rent is $1,890/mo in Orlando, primarily driven by the current value of real estate in the Orlando area. In Orlando, 36.94% of households rent, and 34.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Orlando is $7,423 per month. Households that rent pay about 25.45% of their income on rent here. Orlando’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Edgewood, FL: higher priced homes
- Conway, FL: equally priced homes
- Belle Isle, FL: higher priced homes
- Pine Castle, FL: less expensive homes
- Oak Ridge, FL: less expensive homes
- Azalea Park, FL: less expensive homes
- Taft, FL: less expensive homes
- Orlovista, FL: less expensive homes
- Winter Park, FL: higher priced homes
- Eatonville, FL: less expensive homes
Cities with Similar Populations
- Lauderhill, FL: less expensive homes
- Lees Summit, MO: less expensive homes
- High Point, NC: less expensive homes
- Honolulu, HI: higher priced homes
- Humble, TX: less expensive homes
- Inglewood, CA: higher priced homes
- Hialeah, FL: equally priced homes
- Huntington Park, CA: higher priced homes
- Indio, CA: higher priced homes
- Idaho Falls, ID: equally priced homes
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