The story of this market
The typical home in ZIP 32824 sells for about $410,000, or $216 per square foot.
Prices are up +3.8% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,895 a month.
ZIP 32824 — Orlando
The 32824 housing market is currently balanced, with a median sale price of $410,000 and moderate year-over-year growth. Market activity remains steady, supported by consistent demand and a limited supply of homes, though affordability remains a factor for many buyers.
This ZIP is well-suited for families and commuters seeking proximity to Orlando's employment centers while maintaining access to suburban amenities and major transit routes.
Median prices moved up 3.8% year over year.
Homes spend a median of 57 days on market with 1.8 months of supply — a fast-moving market.
27% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 8.5% — a stable, low-distress profile.
Built from 842 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 32824, Orange County FL
Schools serving the area are part of the Orange County Public Schools district, with performance ratings varying by individual campus.
The area is subject to standard Florida climate risks, including hurricane-related wind exposure and localized flooding, necessitating standard property insurance coverage.
The area benefits from its proximity to Orlando's major employment hubs, including the airport and tourism-related sectors, with ongoing residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Residents typically rely on personal vehicles for commuting, with access to major corridors like the Florida Turnpike and SR 417 providing connections to the Orlando employment core.
The area features access to local parks and proximity to major Orlando attractions, shopping centers, and dining districts within a short drive.
The rental market shows moderate demand with a gross yield of approximately 6.84%, reflecting a balance between investor interest and tenant affordability.
The economy is driven by the tourism, hospitality, and logistics sectors, supported by the proximity to Orlando International Airport and major theme park corridors.
The area is served by major highway networks including the Florida Turnpike and SR 417, facilitating regional connectivity.
Development activity is focused on residential infill and commercial expansion along major arterial roads.
The Orange County Property Appraiser manages assessments, ensuring properties are valued according to state statutes and market conditions.
Parcels are subject to Orange County Public Schools district taxes and various municipal service taxing units.
Property insurance premiums in the region are influenced by Florida's statewide hazard exposure, particularly regarding wind and storm damage.
Data retrieved from Census Reporter and ACS 2024 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Universal Studios Florida4.79.7 mi
- Walt Disney World® Resort4.712.7 mi
- Magic Kingdom Park4.613.7 mi
- Epcot4.711.4 mi
- SeaWorld Orlando4.46.5 mi
- Kia Center4.611.4 mi
- Orange County Convention Center4.57.4 mi
- Camping World Stadium4.311.6 mi
- Westgate Lakes Resort & Spa4.37.8 mi
- Rosen Shingle Creek4.65.6 mi
- Disney Springs4.79.6 mi
- Universal Studios Florida4.79.7 mi
- Epcot4.711.4 mi
- SeaWorld Orlando4.46.5 mi
- Universal CityWalk Orlando4.79.2 mi
- Orlando Science Center4.613.6 mi
- Crayola Experience Orlando4.45.1 mi
- Dezerland Park Orlando4.58.3 mi
- Harry P Leu Gardens4.713.3 mi
- Titanic: The Artifact Exhibition4.58.6 mi
- Gatorland4.72.8 mi
- Lake Eola Park4.711.6 mi
- Kissimmee Lakefront Park4.86.5 mi
- Cypress Grove Park4.78.1 mi
- Bill Frederick Park4.611.7 mi
- East Toho RV Resort & Marina4.15.4 mi
- Big Toho Marina4.76.8 mi
- Kissimmee Marina by Lake Toho4.86.8 mi
- Topgolf Orlando4.57.4 mi
- Evermore Orlando Resort4.610.3 mi
- Shingle Creek Golf Club4.55.7 mi
- Falcon's Fire Golf Course3.98.9 mi
- Eagle Creek Golf Clubhouse4.27.6 mi
- Disney Springs4.79.6 mi
- The Florida Mall4.55.3 mi
- Orlando Vineland Premium Outlets4.58 mi
- Orlando International Premium Outlets4.68.7 mi
- The Mall at Millenia4.68.7 mi
- Orlando International Airport4.14.6 mi
- Orlando Sanford International Airport4.228.7 mi
- The Club MCO Terminal A4.45 mi
- Napoli Italian Pizzeria4.79.3 mi
- Air Force Fun Helicopter Tours4.87.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional anchor providing significant employment and transit access.
Various neighborhood parks providing green space and outdoor activities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).