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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 39,580 people, 12,925 houses or apartments, and a median cost of homes of $629,134, real estate costs in Oviedo are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.
Oviedo is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Oviedo than is found in 98% of the communities in America.
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 78.77% of Oviedo's homes, and 75.07% 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 ( 40.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.62%).
In the last 10 years, Oviedo has experienced some of the highest home appreciation rates of any community in the nation. Oviedo real estate appreciated 148.75% over the last ten years, which is an average annual home appreciation rate of 9.54%, putting Oviedo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oviedo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Oviedo's appreciation rate, at 7.92%, has been at or slightly above the national average. In the latest quarter, Oviedo's appreciation rate has been 2.14%, which annualizes to a rate of 8.84%.
Relative to Florida, our data show that Oviedo's latest annual appreciation rate is higher 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.
$629,134
for Florida
for nation
12,925
$3,281 / per month