Okeechobee, FL—34972
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Okeechobee, FL
Home Price Trends — Okeechobee, FL
As of Oct '25, the median home price in Okeechobee, FL is $304,000, with a year-over-year change of 1.6%. This indicates that home prices in Okeechobee, FL are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 1.6% |
| Single Family | $305,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | -1.8% |
3 Bed | $304,000 | 1.7% |
4 Bed | $393,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Okeechobee, FL
As of July '25, Rentcast reports the average rent in Okeechobee, FL is $1,630, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Okeechobee, FL is 1-bedrooms: $967, 2-bedrooms: $1,300, 3-bedrooms: $1,980, 4-bedrooms: $2,080. The most common rental property sizes in Okeechobee, FL are 2-bedroom and 3-bedroom, accounting for 53.2% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $967 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,850 | $1,980 |
| 4 Bed Rent | $1,900 | $2,080 |
% of Rental Stock
Property Listings — Okeechobee, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Okeechobee, FL is 99. This is a increase of 100.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $359,000 | -12.0% |
Listing Count | 76 | 24.0% |
| Listings as % of Homes | 0.8% | 24.0% |
Days on Market | 99 | 100.0% |
Demographics — Okeechobee, FL
As of the latest ACS Survey released in 2023, Okeechobee, FL has a population of 19,200, which has decreased by -6.4% over the past 5 years. Okeechobee, FL is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | -6.4% |
% Under 18 | 23.8% | -3.6% |
% Seniors | 13.1% | 8.3% |
% WFH | 1.6% | -38.5% |
% w/ College Degree | 14.7% | 41.3% |
As of the latest ACS Survey released in 2023, Okeechobee, FL is a predominantly white area, with 52.2% of the population identifying as white. The white population has grown by 8.1% in the last 5 years. The second most common race or ethnicity in Okeechobee, FL is hispanic, making up 29.6% of the population. Foreign-born residents account for 12.2% of the population in Okeechobee, FL, and this percentage has decreased by 25.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.2% | 8.1% |
% Black | 15.0% | 1.4% |
% Hispanic | 29.6% | -17.1% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 12.2% | -25.6% |
Mortgage and Risk — Okeechobee, FL
According to HUD data as of 2023, there were 265 mortgage originations in Okeechobee, FL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Okeechobee, FL. Investor activity is low, as 1.0% 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 | 265 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Okeechobee, FL
As of 2024, the percent of homes in Okeechobee, FL under the Section 8 program is 1.1%. 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 Okeechobee, 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 | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,000 | $1,480 |
| 2 Bedroom | $380 | $1,300 | $1,680 |
| 3 Bedroom | $280 | $1,850 | $2,130 |
| 4 Bedroom | $670 | $1,900 | $2,570 |
Affordability — Okeechobee, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $304,000 |
| Median Household Income | $53,900 |