Oviedo today
| Typical value | Typical rent | Gross yield | |
|---|---|---|---|
| Single family house | $511,000 | $2,720 | 6.4% |
| Condo or townhome (apartment rent) | $216,000 | $1,970 | 10.9% |
What this means
Twelve month change in Oviedo: +0.4%, essentially flat, now 2.5% below the Dec 2024 peak.
For a typical house, a year of rent equals 6.4% of value, below the Florida house figure of 8.1%. Cash flow will be tight at 25% down.
Permits January to September 2026: 17 homes, 95% fewer than 2025.
A specific house can rent above or below these figures, so pull rental comps for the address. Sources and method: how these figures are built.
Go deeper: Dane's detailed guides for this area: Buying a Home in Oviedo.
Quick facts
| Oviedo | vs Seminole County | vs Florida | |
|---|---|---|---|
| Population | 41,317 (2025 estimate) | ||
| Growth since 2020 | 3.2% | −1.3 pts | −5.7 pts |
| Median home value | $454,000 | 17% higher | 26% higher |
| Median gross rent | $1,955 | 10% higher | 17% higher |
| Median household income | $117,070 | 37% higher | 57% higher |
| Gross rent yield | 5.17% | −0.4 pts | −0.4 pts |
| Owner occupied homes | 76.7% | +10.5 pts | +9.1 pts |
| Residents 65 and older | 11.1% | −5.5 pts | −10.2 pts |
| Average commute (minutes) | 26 | 1% lower | 5% lower |
| Homes built 2010 or later | 16.6% | +4.3 pts | +2.4 pts |
| Median property tax paid | $3,494 | 34% higher | 28% higher |
Census survey figures are 2020 to 2024 averages; methods.
Living in Oviedo
Seminole County city about 20 minutes from downtown Orlando, a former citrus and celery town with a historic downtown.
Oviedo is a city with its own government, located in Seminole County.
Known for: Oviedo on the Park; Central Florida Research Park nearby; UCF nearby
Development and roads: State Roads 417 and 408 serve the city.
Next to the rest of Seminole County, household incomes are higher ($117,070 vs $85,761); households are larger (2.99 vs 2.55 people); more homes are owner occupied (76.7% vs 66.2%) and less of the housing is in apartment and condo buildings (11.2% vs 22.7%).
Among the 150 Florida cities in these guides, Oviedo ranks 49 for home value, 88 for rent yield and 8 for household income (1 is highest).
If you like the numbers here, also look at Estero ($461,900, $1,920), Winter Garden ($476,000, $1,963), Cutler Bay ($472,700, $1,978).
Growth and housing
Oviedo changed 3.2% in population from 2020 to 2025 (county 4.5%, Florida 8.9%).
| 2025 building permits | Oviedo |
|---|---|
| Single family | 98 |
| 5 or more units | 252 |
| Total units | 352 |
| Per 1,000 residents | 8.5 |
Median year built: 1997. Detached houses dominate (78.1% of homes). Households average 2.99 people.
More newcomers from out of state than the county average (3.4% vs 2.3%).
Risks to price in
| Risk item | Detail |
|---|---|
| County average homeowners insurance with wind | $3,545 a year |
Flood, storms and jobs
Oviedo has its own flood program rating: CRS class 5, which takes 25% off federal flood premiums in high risk zones. Since 2000, flood insurance has paid $7,601,462 on 103 claims inside Oviedo. The Seminole County guide covers storms, flood claims and employers; 2.8% of county homes are in high risk flood zones.
Buying a home in Oviedo
| 2026 loan limits (county) | Amount |
|---|---|
| FHA, one unit | $541,287 |
| Conforming, one unit | $832,750 |
| Median home value here | $454,000 |
Homes cost 3.9 times median household income here (Seminole County 4.5, Florida 4.8).
- Conventional: the most common loan in Seminole County.
- FHA: works for the typical $454,000 home here.
- VA: veterans are 7.6% of adults.
Sample FHA payment at $454,000
| Item | Monthly |
|---|---|
| Principal and interest (7.32%, 3.5% down) | $3,062 |
| Property tax (0.77%) | $291 |
| Insurance (county average) | $295 |
| FHA mortgage insurance | $204 |
| Total before HOA or CDD | $3,853 |
| Income needed at a 45% debt ratio | $102,753 a year |
Example, not a quote. Assumptions. Down payment help: Florida Housing.
Investing in Oviedo
| Rental math at the median | Value |
|---|---|
| Price / rent | $454,000 / $1,955 |
| Estimated net cap rate | 2.4% to 3.1% |
| DSCR at 25% down | 0.67 |
| Down payment for DSCR 1.0 | 57% down |
| Down payment for DSCR 1.25 | 69% down |
Long term rentals
| Oviedo | vs Seminole County | |
|---|---|---|
| Renter occupied homes | 23.3% | −10.5 pts |
| Rental vacancy | 6.6% | −0.6 pts |
| Rent as share of renter income | 33.9% | −0.5 pts |
Short term rentals
Seasonal and vacation homes: 1.2% of the stock, against 1% countywide.
| Short term rental taxes | Rate |
|---|---|
| County tourist development tax | 5% |
| State sales tax | 6% plus any county surtax |
Check the address against local zoning and the HOA documents first. State rules
Property types
| Housing stock | Share |
|---|---|
| Single family detached | 78.1% |
| Buildings with 5+ units | 11.2% |
| Manufactured homes | 0.9% |
Nearby
Other Florida markets
Sources
- U.S. Census Bureau, American Community Survey 2020 to 2024 5 year estimates. 2020 to 2024.
- U.S. Census Bureau, Population Estimates, Vintage 2025. July 1, 2025.
- U.S. Census Bureau, Building Permits Survey, 2025 annual. 2025.
- FFIEC HMDA Data Browser, originated loans. 2025 and 2024.
- LendingTree: 2026 FHA loan limits in Florida by county (HUD figures). 2026.
- Florida Realtors: FHFA sets 2026 conforming loan limits. 2026.
- Florida Office of Economic and Demographic Research: 2026 local option tourist tax rates. 2026.
- Florida Office of Insurance Regulation, July 2026 Insurance Stability Unit report (average homeowners premium with wind, as of March 31, 2026). March 31, 2026.
- Freddie Mac Primary Mortgage Market Survey. week of October 22, 2026.
- Wikipedia: List of counties in Florida. checked October 2026.
- U.S. Census Bureau county adjacency file. 2024.
- Wikipedia county article and statewide lists (colleges, teams, airports); Florida Defense Support Task Force installation map. checked October 2026.
- Wikipedia article for this place (history, setting, roads). checked October 2026.
- Zillow Observed Rent Index (ZORI), all homes and apartments, smoothed. September 2026.
- Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted. September 2026.
- Federal Housing Finance Agency House Price Index (county annual, metro and state quarterly, all transactions). through Q2 2026.
- U.S. Census Bureau, Building Permits Survey, January to September 2026 and 2025. September 2026.
- FEMA OpenFEMA, NFIP Residential Penetration Rates. as of August 2026.
- FEMA OpenFEMA, FIMA NFIP Redacted Claims (2000 to 2026). as of September 2026.
- FEMA OpenFEMA, NFIP Community Status Book (Community Rating System class). August 2026.
- FEMA OpenFEMA, Disaster Declarations Summaries (2000 to 2026). October 2026.
- U.S. Census Bureau, County Business Patterns 2023. 2023.
- U.S. Census Bureau, ACS 2020 to 2024, median gross rent by bedrooms (B25031). 2020 to 2024.
- Hurricane landfalls: Wikipedia, List of Florida hurricanes (2000 to present). checked October 2026.
Estimates from public data; they change over time. General information, not investment, tax or legal advice, and not a loan offer. Methods and assumptions.