32835, Orlando, FL

The 32835 zip code of Orlando, FL is home to a population of over 1.4 million people. The median household income in this zip code is $75,000, which is significantly higher than the national median household income of $53,046. Additionally, the homeownership rate in this zip code is 68%, which is much higher than the national homeownership rate of 63%. This high homeownership rate likely contributes to the high median home value in this zip code.

According to Zillow’s 2018 Home Value Index report, the median home value in the 32835 zip code of Orlando is $217,500. This represents a significant increase from 2017 when the median home value was $209,100. In fact, since 2013 (the earliest year for which data is available), the median home value has increased by over 50%. This strong appreciation trend likely reflects both increasing demand for housing and increasing prices across all types of homes in Orlando.

While there are certainly some exceptions (e.g., areas near major airports that may experience higher demand due to increased tourism), it appears that overall prices in Orlando are continuing to rise at a rapid pace. This strong market performance may be attributable to a number of factors: rising incomes and employment rates; low interest rates; continued growth in population and businesses; and limited supply relative to growing demand. As long as these underlying drivers continue to support price growth – and there are no indications that they will not – homeowners who purchase or invest in homes within the 32835 zip code should expect their investments to appreciate significantly over time.