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Market Snapshot

Median listing price
$420K

The median listing price in Orlando, FL ZIP 32824 is $420,000 as of June 2026.

Median rent
$2,398/mo

The median market rent in Orlando, FL ZIP 32824 is $2,398/month as of June 2026.

Days on market
189 days

The median days on market in Orlando, FL ZIP 32824 is 189 days as of June 2026. The market is currently neutral.

Gross rental yield
6.85%

At a median list price of $420,000 and a median rent of $2,398/month, the gross rental yield in Orlando, FL ZIP 32824 is 6.85% as of June 2026.

STR vs LTR
$2,751/mo STR · $2,398/mo LTR

In Orlando, FL ZIP 32824, median Airbnb revenue is $2,751/month compared to median long-term rent of $2,398/month as of June 2026.

Orlando, FL 32824 Real Estate Market Report

ZIP Code: 32824

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
222
Active Listings
112
Sold Properties
110

Market Metrics

Median Listing Price
$420,000
Median Sold Price
$378,500
Median Price per Sqft
$218/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$2,398

Property Taxes

Property Tax Rate
1.19%

Liquidity & Velocity

Median Days on Market
189
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in Orlando FL 32824 average 6.53%, reflecting a market environment where rates have fluctuated between 5.98% and 6.65% throughout 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. The neighborhood's primary market indicator, the median sold price, is 378,500, which alongside a down price year-over-year trend suggests recent transaction values are softening and that sellers may need to align expectations to achieve timely closings.
  2. The median listing price is 420,000 while the median sold price is 378,500; this listing-to-sale spread appears to indicate pricing friction where seller expectations exceed recent transaction levels, so pricing strategies that close the gap may improve sale velocity (balanced/adjusting).
  3. The median days on market is 189, consistent with a neutral market temperature and signaling slower sales velocity and greater negotiation leeway for buyers; pricing and condition-based concessions may be required to accelerate transactions.
  4. Rental and financing context: the median market rent is 2,398 and rent year-over-year trend is down, while interest rate pressure is elevated with typical 30-year fixed rates around 6.53% — this combination may limit investor yield compression and suggests financing sensitivity for owner-occupiers.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

14805 Ward Rd, Orlando, FL 32824
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

1 beds1 baths1,300 sqft
$2,610,700
Apr 1, 2026
$2,008/sqft/sqft
2110 4th St, Orlando, FL 32824
Premium

Sold above market average

3 beds2 baths1,880 sqft
$1,150,000
Apr 1, 2026
$612/sqft/sqft
4068 Scarlet Branch Rd, Orlando, FL 32824
Value

Sold below market average

5 beds3.5 baths4,214 sqft
$775,000
Mar 1, 2026
$184/sqft/sqft
126 days on market
11730 Kennington Ct, Orlando, FL 32824
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds2 baths1,554 sqft
$395,000
May 1, 2026
$254/sqft/sqft
386 days on market
1515 Brook Hollow Dr, Orlando, FL 32824
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds2 baths1,555 sqft
$395,000
Mar 1, 2026
$254/sqft/sqft
3360 days on market
2145 Mountleigh Trl, Orlando, FL 32824
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds2 baths1,588 sqft
$395,000
Mar 1, 2026
$249/sqft/sqft
199 days on market
1707 1st St, Orlando, FL 32824
Value

Sold below market average

3 beds1 baths912 sqft
$140,000
May 1, 2026
$154/sqft/sqft
12313 Augusta Woods Ct, Orlando, FL 32824
Value

Sold below market average

2 beds2 baths1,012 sqft
$120,300
Mar 1, 2026
$119/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$8/mo
32824 Avg Rent
32824 Cost to Own
Rent$2,398
Own$2,406

20% down, 6.53% rate, 1.2% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

32824 Avg nightly rate
32824 Avg occupancy (days/year)
Nightly rate$146/night
Occupancy178 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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