Okeechobee, FL—34974
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Okeechobee, FL
Home Price Trends — Okeechobee, FL
As of Nov '25, the median home price in Okeechobee, FL is $270,000, with a year-over-year change of -0.9%. This indicates that home prices in Okeechobee, FL are flat. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | -0.9% |
| Single Family | $277,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $119,000 | -6.3% |
2 Bed | $203,000 | -3.3% |
3 Bed | $300,000 | -0.3% |
4 Bed | $384,000 | 1.1% |
| 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 $1,490, with a year-over-year rent change of -15.3%. Per bedroom, the median rent as of July '25 in Okeechobee, FL is studios: $550, 1-bedrooms: $1,050, 2-bedrooms: $1,780, 3-bedrooms: $2,080, 4-bedrooms: $2,400. The most common rental property sizes in Okeechobee, FL are 2-bedroom and 3-bedroom, accounting for 40.8% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,490 |
| Studio Rent | $500 | $550 |
| 1 Bed Rent | $1,000 | $1,050 |
| 2 Bed Rent | $1,750 | $1,780 |
| 3 Bed Rent | $2,000 | $2,080 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Okeechobee, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Okeechobee, FL is 78. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -4.0% |
Listing Count | 179 | 22.0% |
| Listings as % of Homes | 0.8% | 22.0% |
Days on Market | 78 | -11.0% |
Demographics — Okeechobee, FL
As of the latest ACS Survey released in 2023, Okeechobee, FL has a population of 24,000, which has remained stable by -0.7% over the past 5 years. Okeechobee, FL is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | -0.7% |
% Under 18 | 18.6% | 3.9% |
% Seniors | 27.4% | -2.8% |
% WFH | 11.0% | 266.7% |
% w/ College Degree | 16.2% | 39.7% |
As of the latest ACS Survey released in 2023, Okeechobee, FL is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Okeechobee, FL is hispanic, making up 19.4% of the population. Foreign-born residents account for 11.2% of the population in Okeechobee, FL, and this percentage has increased by 53.4% 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 | 73.8% | -6.8% |
% Black | 1.6% | -27.3% |
% Hispanic | 19.4% | 51.6% |
% Asian | 1.7% | 112.5% |
% Foreign Born | 11.2% | 53.4% |
Mortgage and Risk — Okeechobee, FL
According to HUD data as of 2023, there were 392 mortgage originations in Okeechobee, FL, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 392 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Okeechobee, FL
As of 2024, the percent of homes in Okeechobee, FL under the Section 8 program is 0.1%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Okeechobee, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,000 | $1,160 |
| 2 Bedroom | -$330 | $1,750 | $1,420 |
| 3 Bedroom | -$40 | $2,000 | $1,960 |
| 4 Bedroom | -$210 | $2,400 | $2,190 |
Affordability — Okeechobee, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $270,000 |
| Median Household Income | $50,700 |