Real Estate Investing in Orlando, Florida (32828)
Should you buy in 32828 (Orlando, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Orlando, FL (32828)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32828 Orlando
Investors eyeing 32828 need to respect the fundamentals at play. Home values of $473K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 32828 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 32828 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 32828 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 32828 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Orlando:
Property Strategy for 32828
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $293,123 | $2,260 | 5.6% | +7.3% | $146,561 |
| 3BR | $390,686 | $2,840 | 5.2% | +7.2% | $130,229 |
| 4BR | $506,702 | $3,350 | 4.8% | +8.0% | $126,675 |
| 5BR | $605,827 | — | — | +8.6% | $121,165 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32828 Compare?
| Metric | 32828 | Orlando | Orlando-Kissimmee-Sanford, FL | Florida |
|---|---|---|---|---|
| Home Value | $472,799 | $354,239 | N/A | $374,697 |
| 5-Year CAGR | 6.5% | 5.8% | N/A | 7.4% |
| Avg Rent | $2,159 | $1,925 | N/A | - |
| Cap Rate | 3.6% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32828 (Orlando, FL). Anonymous, moderated, never written by AI.
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Property managers serving Orange County
Manage rentals here? List your business →All County CFL provides full-service residential property management in Winter Park, FL and surrounding areas, focusing on maximizing revenue and managing tenant relationships for property owners. summary from their website
RentCare Property Management provides reliable, professional, and trusted residential property management services in Orlando since 1993, including marketing, resident screening, rent collection, and summary from their website
Southwest Property Management is a full-service Community Association Management Company serving Central Florida. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $472,799 |
| Monthly Rent | $2,159 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -4.0% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +4.1% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32828
Population: 69,937
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32828
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,130 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Orlando, FL a good market for buy-and-hold investors?
Orlando, FL scores 3.0/5 for investability. Home values sit at $473K and rents near $2,159/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How tight is the rental market in Orlando, FL?
Vacancy in Orlando, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,159/mo.
What is the median home value in Orlando, FL?
Orlando, FL home values average about $473K. That price point suits investors targeting rentals with $2,159/mo in monthly income.
What approach is best for Orlando, FL real estate?
For Orlando, FL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong are rents in Orlando, FL?
Rent in Orlando, FL is around $2,159/mo. The resulting rent-to-value relationship with $473K pricing is reasonable for most investor models.
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