The story of this market
The typical home in ZIP 32716 sells for about $257,000, or $167 per square foot.
Prices are down 16.7% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 32716 — Altamonte Springs
The 32716 housing market is currently experiencing a correction, evidenced by a 16.7% year-over-year decline in median sale prices to $200,000. High inventory levels relative to sales volume have resulted in an elevated months-of-supply metric, suggesting a shift toward a buyer's market. Many figures, such as specific tax history and detailed permit data, are not currently published at the ZIP level.
This ZIP is well-suited for budget-conscious family buyers and commuters who prioritize access to the Orlando employment core over luxury amenities.
Median prices moved down 16.7% year over year.
Homes spend a median of 52 days on market with 15.8 months of supply — a slower-moving market.
26% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 11.2% — a stable, low-distress profile.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 32716, Seminole County FL
Schools serving the area are generally rated average, with local institutions like Spring Lake Elementary providing foundational education.
The area is subject to standard Florida climate risks, including hurricane-related wind exposure and localized flood risks in low-lying zones.
The area benefits from proximity to the Orlando metropolitan employment core, with ongoing residential demand driven by regional economic expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Residents primarily commute via I-4 and SR 436 toward the Orlando and Altamonte Springs employment hubs.
The area features access to local community parks and is within a short drive of the recreational amenities and shopping centers of Altamonte Springs.
The rental market shows moderate vacancy pressure with consistent demand from commuters seeking proximity to the Orlando metro area.
The local economy is anchored by the broader Orlando-Kissimmee-Sanford MSA, with significant employment in tourism, healthcare, and retail sectors.
The area is served by major highway corridors including I-4, facilitating regional transit to the Orlando urban core.
Development is primarily focused on infill residential projects and commercial revitalization along major arterial roads.
The Seminole County Property Appraiser manages assessments based on market value, subject to Florida's Save Our Homes cap.
Parcels are subject to Seminole County school and municipal tax levies; specific MUD/PID data is not publicly aggregated for this ZIP.
Property insurance premiums in this region are influenced by Florida's statewide wind-mitigation requirements and hurricane-risk exposure.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local green space serving the immediate residential community.
Key-figure check: median price diverges 22.2% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $200,000 (-22.2% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.