Millenia, Orlando, FL—32839
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millenia, Orlando, FL
As of Oct '25, the median home price in Millenia, Orlando, FL is $228,000, with a year-over-year change of -6.9%. This indicates that home prices in Millenia, Orlando, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | -6.9% |
| Single Family | $307,000 | -4.4% |
| Condos | $125,000 | -12.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $113,000 | -11.0% |
2 Bed | $140,000 | -9.7% |
3 Bed | $293,000 | -4.9% |
4 Bed | $357,000 | -3.8% |
| 5 Bed | $647,000 | -1.1% |
% of Housing Stock
Rental Trends — Millenia, Orlando, FL
As of July '25, Rentcast reports the average rent in Millenia, Orlando, FL is $1,560, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Millenia, Orlando, FL is studios: $1,230, 1-bedrooms: $1,250, 2-bedrooms: $1,520, 3-bedrooms: $2,010, 4-bedrooms: $3,200. The most common rental property sizes in Millenia, Orlando, FL are 2-bedroom and 1-bedroom, accounting for 39.4% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,460 | $1,560 |
| Studio Rent | $1,300 | $1,230 |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,500 | $1,520 |
| 3 Bed Rent | $2,000 | $2,010 |
| 4 Bed Rent | $2,650 | $3,200 |
% of Rental Stock
Property Listings — Millenia, Orlando, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Millenia, Orlando, FL is 89. This is a increase of 24.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | -13.0% |
Listing Count | 192 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 89 | 24.0% |
Demographics — Millenia, Orlando, FL
As of the latest ACS Survey released in 2023, Millenia, Orlando, FL has a population of 51,800, which has decreased by -1.1% over the past 5 years. Millenia, Orlando, FL is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 51,800 | -1.1% |
% Under 18 | 20.6% | -8.4% |
% Seniors | 9.0% | 21.6% |
% WFH | 6.4% | 540.0% |
% w/ College Degree | 20.6% | 7.9% |
As of the latest ACS Survey released in 2023, Millenia, Orlando, FL is a predominantly hispanic area, with 38.9% of the population identifying as hispanic. The hispanic population has grown by 13.1% in the last 5 years. The second most common race or ethnicity in Millenia, Orlando, FL is black, making up 37.3% of the population. Foreign-born residents account for 30.2% of the population in Millenia, Orlando, FL, and this percentage has increased by 0.3% 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 | 16.5% | -11.3% |
% Black | 37.3% | -13.7% |
% Hispanic | 38.9% | 13.1% |
% Asian | 4.1% | 7.9% |
% Foreign Born | 30.2% | 0.3% |
Mortgage and Risk — Millenia, Orlando, FL
According to HUD data as of 2023, there were 254 mortgage originations in Millenia, Orlando, FL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Millenia, Orlando, FL. Investor activity is low, as 4.0% 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 | 254 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Millenia, Orlando, FL
As of 2024, the percent of homes in Millenia, Orlando, FL under the Section 8 program is 4.5%. 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 Millenia, 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 | 630 |
Total Units Section 8 | 630 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,250 | $1,590 |
| 2 Bedroom | $300 | $1,500 | $1,800 |
| 3 Bedroom | $290 | $2,000 | $2,290 |
| 4 Bedroom | $70 | $2,650 | $2,720 |
Affordability — Millenia, Orlando, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $228,000 |
| Median Household Income | $50,800 |