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Oviedo

Learn about the people, housing, costs and businesses in Oviedo, Florida

Median Home$451,956
Median Rent$2,109/month
Population39,882
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services18% healthcare
Home Value Growth⬆⬆+20.3% over 2 years
Young Adults29% of residentsslightly above average
Homeowners74% of occupied units
NotableHighly Educated34% bachelor's · 13% graduate · top 4% nationally
NotableHigh Incomes$112k/year · top 11% nationally
Oviedo
FL

Frequently Asked Questions

What are today's mortgage rates in Oviedo?

As of today, the 30-year fixed mortgage rate for Oviedo is approximately 6.846% (6.880% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Oviedo?

The median home value in Oviedo is $452k. The median monthly rent is $2,109. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oviedo?

Home values in Oviedo have increased 20.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Oviedo?

Based on a typical all-in ownership cost of $1,925/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oviedo is $112k/year.

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What industries drive the economy in Oviedo?

The largest employment sectors in Oviedo are public administration (21%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.