Sky Lake, Orlando, FL—32809
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sky Lake, Orlando, FL
As of Oct '25, the median home price in Sky Lake, Orlando, FL is $305,000, with a year-over-year change of -4.9%. This indicates that home prices in Sky Lake, Orlando, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $305,000 | -4.9% |
| Single Family | $330,000 | -4.3% |
| Condos | $138,000 | -13.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $82,000 | -11.8% |
2 Bed | $186,000 | -7.9% |
3 Bed | $312,000 | -4.6% |
4 Bed | $369,000 | -4.2% |
| 5 Bed | $712,000 | 0.8% |
% of Housing Stock
Rental Trends — Sky Lake, Orlando, FL
As of July '25, Rentcast reports the average rent in Sky Lake, Orlando, FL is $1,700, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in Sky Lake, Orlando, FL is studios: $1,090, 1-bedrooms: $1,080, 2-bedrooms: $1,610, 3-bedrooms: $2,200, 4-bedrooms: $2,590. The most common rental property sizes in Sky Lake, Orlando, FL are 2-bedroom and 3-bedroom, accounting for 60.5% and 12.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,700 |
| Studio Rent | $1,020 | $1,090 |
| 1 Bed Rent | $1,000 | $1,080 |
| 2 Bed Rent | $1,600 | $1,610 |
| 3 Bed Rent | $2,140 | $2,200 |
| 4 Bed Rent | $2,500 | $2,590 |
% of Rental Stock
Property Listings — Sky Lake, Orlando, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sky Lake, Orlando, FL is 65. This is a increase of 17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $262,000 | 2.0% |
Listing Count | 89 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 65 | 17.0% |
Demographics — Sky Lake, Orlando, FL
As of the latest ACS Survey released in 2023, Sky Lake, Orlando, FL has a population of 29,400, which has increased by 4.0% over the past 5 years. Sky Lake, Orlando, FL is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 4.0% |
% Under 18 | 24.0% | 10.6% |
% Seniors | 14.8% | 28.7% |
% WFH | 9.5% | 239.3% |
% w/ College Degree | 22.7% | 38.4% |
As of the latest ACS Survey released in 2023, Sky Lake, Orlando, FL is a predominantly hispanic area, with 59.2% of the population identifying as hispanic. The hispanic population has grown by 9.6% in the last 5 years. The second most common race or ethnicity in Sky Lake, Orlando, FL is white, making up 22.3% of the population. Foreign-born residents account for 35.3% of the population in Sky Lake, Orlando, FL, and this percentage has increased by 11.0% 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 | 22.3% | -20.1% |
% Black | 13.9% | -13.7% |
% Hispanic | 59.2% | 9.6% |
% Asian | 2.4% | -20.0% |
% Foreign Born | 35.3% | 11.0% |
Mortgage and Risk — Sky Lake, Orlando, FL
According to HUD data as of 2023, there were 223 mortgage originations in Sky Lake, Orlando, FL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Sky Lake, Orlando, FL. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 223 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Sky Lake, Orlando, FL
As of 2024, the percent of homes in Sky Lake, Orlando, FL under the Section 8 program is 1.7%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sky Lake, Orlando, FL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 74 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,000 | $1,480 |
| 2 Bedroom | $80 | $1,600 | $1,680 |
| 3 Bedroom | -$10 | $2,140 | $2,130 |
| 4 Bedroom | $70 | $2,500 | $2,570 |
Affordability — Sky Lake, Orlando, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $305,000 |
| Median Household Income | $52,200 |