Real Estate Investing in Orlando, Florida (32829)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32829 (Orlando, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.2% of homes vacant — above national norms.
What’s happening in Orlando, FL (32829)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32829 Orlando
Investors eyeing 32829 need to respect the fundamentals at play. Home values of $406K come alongside slower price movement and elevated management overhead.
The investment case in 32829 is substantial only for operators who understand what they are buying. A $406K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 32829 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 32829 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 32829 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 Orlando:
Property Strategy for 32829
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $163,827 | $2,040 | 9.0% | +6.9% | $163,827 |
| 2BR | $247,386 | $2,320 | 6.8% | +7.2% | $123,693 |
| 3BR | $364,884 | $2,910 | 5.7% | +7.1% | $121,628 |
| 4BR | $460,119 | $3,440 | 5.4% | +7.6% | $115,030 |
| 5BR | $576,189 | — | — | +8.5% | $115,238 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32829 Compare?
| Metric | 32829 | Orlando | Orlando-Kissimmee-Sanford, FL | Florida |
|---|---|---|---|---|
| Home Value | $405,539 | $352,198 | N/A | $374,697 |
| 5-Year CAGR | 5.0% | 4.7% | N/A | 7.4% |
| Avg Rent | $2,192 | $1,938 | N/A | - |
| Cap Rate | 4.2% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32829 (Orlando, 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 | $405,539 |
| Monthly Rent | $2,192 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 32829
Population: 20,123
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 32829
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
Does house hacking work in Orlando, FL?
House hacking in Orlando, FL is reasonable to execute. Prices around $406K and rents of $2,192/mo solid owner-occupant economics.
How strong is the working-renter base in Orlando, FL?
The renter base in Orlando, FL is reasonable for the $2,192/mo price point. Screening well and pricing to market typically yields steady tenants.
How do home values compare in Orlando, FL?
In Orlando, FL the median home value sits at $406K. Against the broader FL market, that reads as reasonable for most investors.
Is Orlando in FL worth investing in?
Investors tracking Orlando, FL will find a 3.0/5 rating supported by $406K median home values and $2,192/mo rents. That profile suits long-term holders targeting predictable returns.
Is Orlando, FL good for landlords?
For rental operators, Orlando, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 32829 now. You don’t know where it ranks.
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How 32829 ranks in Orlando-Kissimmee-Sanford, FL
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