The story of this market
The typical home in ZIP 32827 sells for about $749,900, or $293 per square foot.
Prices are up +2% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,253 a month.
ZIP 32827 — Orlando
The 32827 housing market remains active, driven by high demand for modern, master-planned living in the Lake Nona area. While median prices have seen modest growth, the market is currently balanced with a healthy inventory level. The area's strong economic foundation in medical and research sectors continues to support both home values and rental demand.
This ZIP is ideal for families and professionals working in the medical or tech sectors who prioritize master-planned amenities, modern housing stock, and proximity to the Orlando International Airport.
Median prices moved up 2.0% year over year.
Homes spend a median of 84 days on market with 0.5 months of supply — a fast-moving market.
33% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 2.3% — a stable, low-distress profile.
Built from 705 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.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 32827, Orange County FL
The area is served by the Orange County Public Schools system, which generally maintains a competitive reputation in the Lake Nona master-planned community.
The area is subject to standard Florida hurricane and wind-related insurance requirements, with flood risk managed through local drainage infrastructure.
The area is a major hub for medical and biotechnology research, anchored by the Lake Nona Medical City, which continues to drive significant employment and infrastructure expansion.
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 primarily rely on personal vehicles for commuting to downtown Orlando or the nearby airport, with access via the SR 417 toll road.
The area features extensive trail systems, golf courses, and proximity to Lake Nona, with significant retail and dining options located within the Lake Nona Town Center.
The rental market is robust, supported by the influx of medical and tech professionals, with a gross rent yield of approximately 4.55%.
The economy is heavily anchored by the Lake Nona Medical City, featuring major employers in healthcare, biotechnology, and research, alongside proximity to Orlando's tourism and aviation sectors.
The area is served by the SR 417 and SR 528 expressways, providing critical connectivity to the Orlando International Airport and the broader Central Florida region.
Ongoing expansion of the Lake Nona Medical City and continued residential development in the surrounding master-planned communities remain the primary drivers of the local pipeline.
The Orange County Property Appraiser manages assessments, with annual adjustments based on market value and homestead exemptions.
Parcels in this area are frequently subject to Community Development District (CDD) assessments used to fund infrastructure and amenities.
Property insurance premiums in this region are influenced by Florida's statewide windstorm risk and the general hardening of the insurance market.
Data retrieved from Census ACS and ZIP-Codes.com profiles.
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 Florida4.712.3 mi
- Walt Disney World® Resort4.717.5 mi
- Magic Kingdom Park4.618.1 mi
- Epcot4.716.2 mi
- SeaWorld Orlando4.410.7 mi
- Kia Center4.611 mi
- Orange County Convention Center4.511.3 mi
- Camping World Stadium4.311.7 mi
- Westgate Lakes Resort & Spa4.311.7 mi
- Rosen Shingle Creek4.69.2 mi
- Universal Studios Florida4.712.3 mi
- SeaWorld Orlando4.410.7 mi
- Universal CityWalk Orlando4.711.9 mi
- Gatorland4.77.9 mi
- Universal Islands of Adventure4.712.2 mi
- Orlando Science Center4.612.6 mi
- Crayola Experience Orlando4.47 mi
- Dezerland Park Orlando4.510.8 mi
- Harry P Leu Gardens4.712 mi
- Titanic: The Artifact Exhibition4.511.8 mi
- Gatorland4.77.9 mi
- Lake Eola Park4.710.8 mi
- Harry P Leu Gardens4.712 mi
- Kissimmee Lakefront Park4.810.8 mi
- Cypress Grove Park4.78.2 mi
- East Toho RV Resort & Marina4.15.4 mi
- Topgolf Orlando4.511.1 mi
- Shingle Creek Golf Club4.59.2 mi
- Eagle Creek Golf Clubhouse4.23.8 mi
- Orlando Putting Edge4.310.8 mi
- Rio Pinar Golf48.4 mi
- The Florida Mall4.57.3 mi
- Orlando International Premium Outlets4.611.2 mi
- Orlando Vineland Premium Outlets4.512.7 mi
- The Mall at Millenia4.610.5 mi
- Universal CityWalk Orlando4.711.9 mi
- Orlando International Airport4.12 mi
- Orlando Sanford International Airport4.225.8 mi
- The Club MCO Terminal A4.42.7 mi
- Napoli Italian Pizzeria4.77 mi
- Air Force Fun Helicopter Tours4.812.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major mixed-use district serving as the community's social and commercial hub.
A premier private golf course and residential community anchor.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.