Altamonte Springs, FL 32701 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Altamonte Springs, FL—32701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$279,000

4.1% YoY Growth

Household Income

$62,000

13.7% YoY Growth

Days on Market

70

16.0% Longer YoY

Home Price Forecast

-0.9%

Median Rent

$1,600

1.7% YoY Growth

1-Bed Rent

$1,200

0.0% YoY Growth

2-Bed Rent

$1,600

3.5% YoY Growth

3-Bed Rent

$2,050

8.9% YoY Growth

Other Zip Codes in Altamonte Springs, FL

Home Price Trends — Altamonte Springs, FL

As of May '26, the median home price in Altamonte Springs, FL is $279,000, with a year-over-year change of -4.1%. This indicates that home prices in Altamonte Springs, FL are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$279,000	-4.1%
Single Family	$373,000	-1.8%
Condos	$156,000	-9.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

7.7%

1 Bedroom

32.9%

2 Bedrooms

30.6%

3 Bedrooms

26.5%

4 Bedrooms

2.3%

Property Listings — Altamonte Springs, FL

As of May '26, Realtor.com reports that the median days on market for a home in Altamonte Springs, FL is 70. This is a increase of 16.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$206,000	-9.0%
Listing Count	146	-28.0%
Listings as % of Homes	0.7%	-28.0%
Days on Market	70	16.0%

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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%

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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%

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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%

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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