Hiawassee, Orlando, FL—32818
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hiawassee, Orlando, FL
As of Oct '25, the median home price in Hiawassee, Orlando, FL is $340,000, with a year-over-year change of -4.7%. This indicates that home prices in Hiawassee, Orlando, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | -4.7% |
| Single Family | $343,000 | -4.7% |
| Condos | $115,000 | -12.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | -5.7% |
3 Bed | $327,000 | -5.2% |
4 Bed | $376,000 | -4.3% |
| 5 Bed | $386,000 | -5.4% |
% of Housing Stock
Rental Trends — Hiawassee, Orlando, FL
As of July '25, Rentcast reports the average rent in Hiawassee, Orlando, FL is $1,970, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Hiawassee, Orlando, FL is studios: $799, 1-bedrooms: $996, 2-bedrooms: $1,580, 3-bedrooms: $2,020, 4-bedrooms: $2,410. The most common rental property sizes in Hiawassee, Orlando, FL are 2-bedroom and 3-bedroom, accounting for 37.0% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,970 |
| Studio Rent | $799 | $799 |
| 1 Bed Rent | $949 | $996 |
| 2 Bed Rent | $1,550 | $1,580 |
| 3 Bed Rent | $2,000 | $2,020 |
| 4 Bed Rent | $2,300 | $2,410 |
% of Rental Stock
Property Listings — Hiawassee, Orlando, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hiawassee, Orlando, FL is 73. This is a increase of 12.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | -5.0% |
Listing Count | 133 | 19.0% |
| Listings as % of Homes | 0.3% | 19.0% |
Days on Market | 73 | 12.0% |
Demographics — Hiawassee, Orlando, FL
As of the latest ACS Survey released in 2023, Hiawassee, Orlando, FL has a population of 61,600, which has increased by 10.8% over the past 5 years. Hiawassee, Orlando, FL is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,600 | 10.8% |
% Under 18 | 25.1% | -11.3% |
% Seniors | 12.3% | 17.1% |
% WFH | 10.3% | 347.8% |
% w/ College Degree | 20.0% | 17.6% |
As of the latest ACS Survey released in 2023, Hiawassee, Orlando, FL is a predominantly black area, with 70.6% of the population identifying as black. The black population has grown by 4.3% in the last 5 years. The second most common race or ethnicity in Hiawassee, Orlando, FL is hispanic, making up 13.6% of the population. Foreign-born residents account for 39.8% of the population in Hiawassee, Orlando, FL, and this percentage has increased by 28.0% 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 | 10.4% | -8.0% |
% Black | 70.6% | 4.3% |
% Hispanic | 13.6% | -7.5% |
% Asian | 3.5% | 12.9% |
% Foreign Born | 39.8% | 28.0% |
Mortgage and Risk — Hiawassee, Orlando, FL
According to HUD data as of 2023, there were 371 mortgage originations in Hiawassee, Orlando, FL, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Hiawassee, Orlando, FL. Investor activity is low, as 2.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 371 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Hiawassee, Orlando, FL
As of 2024, the percent of homes in Hiawassee, Orlando, FL under the Section 8 program is 4.0%. 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 Hiawassee, Orlando, 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 | 288 |
Total Units Section 8 | 288 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $531 | $949 | $1,480 |
| 2 Bedroom | $130 | $1,550 | $1,680 |
| 3 Bedroom | $130 | $2,000 | $2,130 |
| 4 Bedroom | $270 | $2,300 | $2,570 |
Affordability — Hiawassee, Orlando, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $340,000 |
| Median Household Income | $60,200 |