Orlando Home Prices: $402K, Down 3.3% — 26 ZIPs Analyzed (2026)

$402,266. That’s what a typical home costs in Orlando right now — and it’s less than what buyers paid a year ago. The city’s median home price dropped 3.3% over the past 12 months, a shift that breaks a long run of price gains in Central Florida. Across 26 ZIP codes, prices range from under $200K to nearly $800K.

Quick answer: The average home price in Orlando, FL is $402,266 as of February 2026, down 3.3% year over year according to Zillow.

Current Home Prices in Orlando

The Orlando-Kissimmee-Sanford metro area has seen prices soften after peaking in spring 2025. Here’s where things stand.

The 3.3% decline translates to roughly $13,700 off the typical home price compared to February 2025. That’s real money back in a buyer’s pocket — or a smaller loss for sellers who bought recently.

Orlando’s price range tells a bigger story. The gap between the cheapest and most expensive ZIP code is nearly $600,000. You can buy a home in one part of the city for what amounts to a down payment in another.

The decline isn’t a crash. Prices have held in a narrow band between $401,000 and $416,000 over the past 12 months. This looks more like a controlled cooldown than a freefall.

Orlando Home Prices by Neighborhood

Not all Orlando neighborhoods are moving in the same direction. Here’s how every tracked ZIP code compares.

Most Expensive ZIPs

32836 — $793,842. Nearly double the city median, this ZIP commands the highest prices in Orlando with rents at $2,020/month — actually moderate relative to its home values, suggesting strong equity-holding homeowners.

32814 — $756,495. The second priciest ZIP also carries the second-highest rents at $2,241/month, sitting 88% above the citywide average home price.

32827 — $638,051. At $638K, this ZIP is 59% above the Orlando median. It also has the highest rents in the city at $2,369/month.

Most Affordable ZIPs

32811 — $195,143. The only ZIP in Orlando with a median below $200K. At less than half the city average, this is where budget buyers should start looking. Rent runs $1,574/month.

32839 — $229,886. At $230K, this ZIP is 43% below the citywide median. Rents are the lowest in the city at $1,519/month.

32805 — $237,281. Another sub-$240K option with the second-lowest rents at $1,437/month — the cheapest rent of any tracked Orlando ZIP.

Rent vs Buy in Orlando

The rent-or-buy decision in Orlando right now leans toward renting — at least on paper.

The average monthly rent across Orlando’s 26 tracked ZIP codes comes to roughly $1,901. A mortgage on the median $402,266 home — assuming 20% down ($80,453) and a 7% rate on a 30-year fixed loan — works out to approximately $2,142/month in principal and interest alone.

That’s a $241/month gap before you add property taxes, insurance, HOA fees, and maintenance. Florida has no state income tax, but property taxes and insurance costs (especially homeowners insurance) have climbed sharply in recent years.

The math shifts in cheaper ZIPs. In 32811, a 20% down payment on a $195,143 home puts your mortgage around $1,038/month — well below the $1,574 rent in that same ZIP. In 32839, the mortgage on a $229,886 home runs about $1,223/month versus $1,519 in rent. Buying beats renting in several of Orlando’s most affordable neighborhoods.

In the priciest ZIPs, renting wins easily. A mortgage on 32836’s $793,842 median home costs about $4,225/month. Rent there is $2,020. You’d save over $2,200/month by renting.

The breakeven depends on where you buy.

Population Growth and Migration

Orlando added nearly 27,000 residents between 2020 and 2024 — an 8.8% increase that outpaced many Florida peers.

Growth accelerated in 2022 and 2023, adding nearly 9,000 and 8,500 residents respectively. The pace has slowed slightly but remains positive.

Here’s how Orlando compares to other Florida cities:

Port St. Lucie and Cape Coral are growing nearly three times faster than Orlando. But Orlando’s growth is steady and consistent — no single year had a decline.

More people means more housing demand. Yet prices are still dropping. That tells you supply is catching up. New construction in the metro area appears to be absorbing the population growth, giving buyers more options and less pressure to bid up.

Orlando Housing Market Trends

Here’s how the median home price has moved month by month over the past year.

The trend tells two stories. From March through November 2025, prices fell every single month — dropping from $416,071 to $401,289, a decline of $14,782 or 3.6%.

Then the slide stopped. December, January, and February each ticked up slightly. The last three months have been essentially flat, hovering around $401K-$402K. The floor may be in.

The bottom of the range kept falling — the cheapest ZIP dropped from $214,272 to $195,143 over the year. But the top end actually recovered, climbing from a low of $784,029 in October back to $793,842 by February.

Is Orlando a Good Place to Buy in 2026?

The data points toward a buyer’s market. Prices are down 3.3% year over year, and the steady month-over-month declines through most of 2025 show sellers have less bargaining power than they did two years ago.

For buyers, the timing looks reasonable. You’re not catching a falling knife — the three-month trend shows prices stabilizing. You’re also not chasing a hot market where bidding wars drive prices above ask.

Affordability varies wildly by ZIP. Six Orlando ZIPs have medians below $310,000. If you’re priced out of 32836 or 32814, the $195K-$260K range in 32811, 32839, 32805, and 32822 offers entry points well below the metro average.

Population growth of 8.8% over four years supports long-term demand. People are still moving to Orlando. That puts a floor under prices even as the market cools.

Renters paying above $1,900/month should run the numbers in cheaper ZIPs where buying costs less per month than renting. The math works in your favor in at least four neighborhoods.

Orlando Housing Market Outlook for 2026-2027

The three-month trend from December through February shows prices inching upward — from $401,507 to $402,266. The moves are small, under $400/month, but the direction reversed after eight months of decline.

If the current pace continues, Orlando home prices will likely stay in the $400K-$405K range through mid-2026. There’s no momentum for a sharp rebound, but the freefall from spring 2025 has clearly ended.

The cheapest ZIPs are still declining — 32811 dropped from $214,272 in March 2025 to $195,143 in February 2026. Affordable areas may have further to fall. Premium ZIPs above $600K have already bounced back.

Continued population growth and the stabilizing price trend suggest a sideways market through the rest of 2026. Buyers who wait for a bigger dip may not see one.

Similar Markets in FL

If you’re shopping in Orlando, these other Florida cities offer useful comparisons:

• Tampa — Slightly larger population and a similar Central Florida market. Worth comparing for metro-level price differences.
• Jacksonville — Florida’s largest city by population with its own pricing dynamics further north.
• Fort Lauderdale — South Florida pricing runs higher than Central Florida, but it gives you a benchmark.
• Kissimmee — Right next door in the Orlando metro. Check whether prices are cheaper just outside city limits.
• Port Saint Lucie — Florida’s fastest-growing city at 25% population growth. See how that demand is affecting prices.

Frequently Asked Questions

What is the average home price in Orlando?

The average home price in Orlando is $402,266 as of February 2026. That figure represents the Zillow Home Value Index across 26 tracked ZIP codes, with prices ranging from $195,143 in 32811 to $793,842 in 32836.

Are home prices going up or down in Orlando?

Prices are down 3.3% year over year. The decline started in spring 2025 and continued for eight straight months before stabilizing in December 2025. The most recent three months show a slight uptick, suggesting the bottom may be forming.

Is it cheaper to rent or buy in Orlando?

On average, renting is cheaper. The typical rent across Orlando ZIPs runs about $1,901/month, while a mortgage on the median home costs roughly $2,142/month in principal and interest (assuming 20% down at 7%). But in several affordable ZIPs like 32811 and 32839, buying is cheaper than renting.

What is the most affordable neighborhood in Orlando?

ZIP code 32811 has the lowest median home value at $195,143 — less than half the city average. Other affordable options include 32839 at $229,886 and 32805 at $237,281. All three have rents below $1,575/month.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.