Real Estate Investing in Oviedo, Florida (32766)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32766 (Oviedo, FL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Oviedo, FL (32766)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32766 Oviedo
The 32766 ZIP in Oviedo, FL is a local-operator market. Outside capital chasing a $607K entry has to pair deep knowledge with the discount.
The investment case in 32766 is healthy only for operators who understand what they are buying. A $607K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 32766 sits on the difficult end of the FL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 32766 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 32766 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Oviedo:
Property Strategy for 32766
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $270,458 | $2,580 | 6.9% | +7.2% | $135,229 |
| 3BR | $413,581 | $3,240 | 5.6% | +7.3% | $137,860 |
| 4BR | $645,778 | $3,830 | 4.3% | +8.8% | $161,444 |
| 5BR | $778,946 | — | — | +8.8% | $155,789 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32766 Compare?
| Metric | 32766 | Oviedo | Orlando-Kissimmee-Sanford, FL | Florida |
|---|---|---|---|---|
| Home Value | $606,581 | $549,012 | N/A | $374,697 |
| 5-Year CAGR | 6.4% | 5.8% | N/A | 7.4% |
| Avg Rent | $3,039 | $2,573 | N/A | - |
| Cap Rate | 3.9% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32766 (Oviedo, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 32766 (Oviedo, FL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Seminole County
Manage rentals here? List your business →Emerald Property Management offers simple, transparent management plans for residential, commercial, and industrial properties, covering tenant assessments, accounting, and property oversight. summary from their website
Towers Property Management provides community association management services to homeowners associations and condominium associations in Central Florida, including Orlando, Altamonte Springs, Oviedo, summary from their website
Lemuel Property Management provides property management services in Orlando, Florida. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $606,581 |
| Monthly Rent | $3,039 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32766
Population: 15,966
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32766
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,130 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Oviedo, FL?
Median home price in Oviedo, FL is near $607K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
How do landlord-tenant laws work in Oviedo, FL?
Oviedo, FL operates under FL law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
What investment strategy works best in Oviedo, FL?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Oviedo, FL. The numbers - $607K homes against $3,039/mo rents - support that play.
Is Oviedo, FL good for house hacking?
House hacking works a challenging in Oviedo, FL. Rents of $3,039/mo against $607K acquisition make the strategy solid for owner-occupants.
Is real estate in Oviedo, FL a good investment right now?
Oviedo, FL comes in at an investability rating of 3.0/5, with median home values near $607K and average rents around $3,039/mo. That combination puts it in the healthy tier for investor interest.
You know 32766 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32766 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 32766 ranks in Orlando-Kissimmee-Sanford, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 32766 (Oviedo)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 32766 (Oviedo, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.