Altamonte Springs, FL—32701
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Altamonte Springs, FL
Home Price Trends — Altamonte Springs, FL
As of Oct '25, the median home price in Altamonte Springs, FL is $277,000, with a year-over-year change of -6.0%. This indicates that home prices in Altamonte Springs, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | -6.0% |
| Single Family | $368,000 | -3.9% |
| Condos | $161,000 | -12.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $122,000 | -13.5% |
2 Bed | $184,000 | -10.7% |
3 Bed | $335,000 | -4.3% |
4 Bed | $466,000 | -3.3% |
| 5 Bed | $562,000 | -3.8% |
% of Housing Stock
Rental Trends — Altamonte Springs, FL
As of July '25, Rentcast reports the average rent in Altamonte Springs, FL is $1,710, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Altamonte Springs, FL is studios: $1,560, 1-bedrooms: $1,280, 2-bedrooms: $1,660, 3-bedrooms: $2,050, 4-bedrooms: $2,620. The most common rental property sizes in Altamonte Springs, FL are 1-bedroom and 2-bedroom, accounting for 32.9% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,710 |
| Studio Rent | $1,570 | $1,560 |
| 1 Bed Rent | $1,200 | $1,280 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $2,050 | $2,050 |
| 4 Bed Rent | $2,650 | $2,620 |
% of Rental Stock
Property Listings — Altamonte Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Altamonte Springs, FL is 87. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | -4.0% |
Listing Count | 157 | -3.0% |
| Listings as % of Homes | 0.7% | -3.0% |
Days on Market | 87 | 5.0% |
Demographics — Altamonte Springs, FL
As of the latest ACS Survey released in 2023, Altamonte Springs, FL has a population of 24,900, which has increased by 13.0% over the past 5 years. Altamonte Springs, FL is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | 13.0% |
% Under 18 | 17.5% | -0.6% |
% Seniors | 16.4% | -15.5% |
% WFH | 12.2% | 35.6% |
% w/ College Degree | 35.3% | 1.1% |
As of the latest ACS Survey released in 2023, Altamonte Springs, FL is a predominantly white area, with 45.9% of the population identifying as white. The white population has shrunk by 17.7% in the last 5 years. The second most common race or ethnicity in Altamonte Springs, FL is hispanic, making up 28.2% of the population. Foreign-born residents account for 14.6% of the population in Altamonte Springs, FL, and this percentage has increased by 2.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.9% | -17.7% |
% Black | 19.9% | 17.8% |
% Hispanic | 28.2% | 34.9% |
% Asian | 2.6% | -29.7% |
% Foreign Born | 14.6% | 2.8% |
Mortgage and Risk — Altamonte Springs, FL
According to HUD data as of 2023, there were 384 mortgage originations in Altamonte Springs, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Altamonte Springs, FL. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 384 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Altamonte Springs, FL
As of 2024, the percent of homes in Altamonte Springs, FL under the Section 8 program is 0.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Altamonte Springs, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,200 | $1,710 |
| 2 Bedroom | $340 | $1,600 | $1,940 |
| 3 Bedroom | $410 | $2,050 | $2,460 |
| 4 Bedroom | $280 | $2,650 | $2,930 |
Affordability — Altamonte Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $277,000 |
| Median Household Income | $62,000 |