Real Estate Investing in Winter Park, Florida (32789)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32789 (Winter Park, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 31.6 — hard to cash-flow at these prices.
What’s happening in Winter Park, FL (32789)?
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Market Analysis: 32789 Winter Park
Investors eyeing 32789 need to respect the fundamentals at play. Home values of $810K come alongside slower price movement and elevated management overhead.
The investment case in 32789 is sturdy only for operators who understand what they are buying. A $810K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader FL picture, 32789 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On balance, 26,884 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 32789 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Winter Park:
Property Strategy for 32789
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $212,191 | $1,800 | 6.1% | +4.1% | $212,191 |
| 2BR | $383,537 | $2,050 | 3.8% | +6.5% | $191,769 |
| 3BR | $645,139 | $2,570 | 2.9% | +7.4% | $215,046 |
| 4BR | $1,441,241 | $3,040 | 1.5% | +10.0% | $360,310 |
| 5BR | $2,335,201 | — | — | +10.3% | $467,040 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32789 Compare?
| Metric | 32789 | Winter Park | Orlando-Kissimmee-Sanford, FL | Florida |
|---|---|---|---|---|
| Home Value | $809,773 | $604,219 | N/A | $374,697 |
| 5-Year CAGR | 6.1% | 5.4% | N/A | 7.4% |
| Avg Rent | $2,137 | $1,897 | N/A | - |
| Cap Rate | 2.1% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32789 (Winter Park, FL). Anonymous, moderated, never written by AI.
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Property managers serving Orange County
Manage rentals here? List your business →All County CFL provides full-service residential property management in Winter Park, FL and surrounding areas, focusing on maximizing revenue and managing tenant relationships for property owners. summary from their website
RentCare Property Management provides reliable, professional, and trusted residential property management services in Orlando since 1993, including marketing, resident screening, rent collection, and summary from their website
Southwest Property Management is a full-service Community Association Management Company serving Central 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 | $809,773 |
| Monthly Rent | $2,137 |
| Price-to-Rent | 31.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 32789
Population: 26,884
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 32789
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
LAKE SYBELIA ELEMENTARY
HUNGERFORD ELEMENTARY
BALDWIN PARK ELEMENTARY
DOMMERICH ELEMENTARY
MAITLAND MIDDLE
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 978 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Winter Park, FL a good place for real estate investing?
Investors tracking Winter Park, FL will find a 3.0/5 rating supported by $810K median home values and $2,137/mo rents. That profile suits long-term holders targeting even-keeled returns.
Which real estate strategy fits Winter Park, FL?
A careful cash-flow rentals with hands-on management strategy Winter Park, FL best. The market produces predictable results for that approach at the $810K price point.
How quickly do rentals get leased in Winter Park, FL?
Expect elevated vacancy in Winter Park, FL. Rents at $2,137/mo are absorbed by the tenant base without meaningful lag.
What is the typical home price in Winter Park, FL?
Typical homes in Winter Park, FL go for around $810K. The 5-year CAGR of 0.0% measured price movement.
What is the typical rental rate in Winter Park, FL?
Rental rates in Winter Park, FL average $2,137/mo. Tenant demand and $810K home values make the yield look reasonable by investor standards.
You know 32789 now. You don’t know where it ranks.
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How 32789 ranks in Orlando-Kissimmee-Sanford, FL
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