The story of this market
The typical home in ZIP 32832 sells for about $542,000, or $235 per square foot.
Prices are down 2.9% from a year ago, which gives buyers more room to negotiate. Homes take about 71 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,314 a month.
ZIP 32832 — Orlando
The 32832 housing market is currently experiencing a period of price stabilization following years of rapid appreciation. While inventory levels have increased, demand remains supported by the area's strong economic growth and proximity to the Lake Nona employment corridor. Buyers are finding more leverage than in previous years, though high interest rates and insurance costs continue to influence market activity.
This ZIP is ideal for families and professionals seeking newer, master-planned suburban housing with proximity to the airport and the Lake Nona medical and technology corridor.
Median prices moved down 2.9% year over year.
Homes spend a median of 71 days on market with 4.2 months of supply — a balanced-paced market.
28% 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 5.7% — a stable, low-distress profile.
Built from 883 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 32832, Orange County FL
The area is served by Orange County Public Schools, generally characterized by suburban-focused elementary and middle schools with varying performance ratings.
The region faces significant hurricane and tropical storm wind risks, with flood zones concentrated near the various lakes and wetlands characteristic of the area.
The area is experiencing steady residential expansion, particularly in master-planned communities, supported by its proximity to the Orlando International Airport and major employment hubs in Southeast Orlando.
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 rely on personal vehicles for commuting, with access to SR 417 and SR 528 providing connections to the Orlando employment core; public transit options are limited.
The area features extensive access to natural amenities including Lake Hart and Lake Mary Jane, alongside numerous community parks, walking trails, and proximity to golf courses in the Lake Nona region.
The rental market is characterized by high demand for single-family homes in master-planned communities, with moderate vacancy pressure and a growing presence of institutional investors.
The economy is heavily influenced by the nearby Lake Nona Medical City, Orlando International Airport, and the broader Orlando tourism and hospitality sector.
The area is served by major toll roads including SR 417 and SR 528, which facilitate regional travel but offer limited public transit connectivity.
Significant ongoing development is focused on the Sunbridge master-planned community, which continues to add residential inventory and supporting infrastructure.
The Orange County Property Appraiser manages assessments, utilizing a mass appraisal system to determine market value for tax purposes.
Parcels in this area are frequently subject to Community Development District (CDD) assessments used to fund infrastructure and amenities in master-planned communities.
Property insurance premiums in this region are elevated due to Florida's high exposure to hurricane and wind-related risks.
Data retrieved from Census Reporter and 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.
- Universal Studios Florida4.717.8 mi
- SeaWorld Orlando4.416.7 mi
- Universal Epic Universe3.916.1 mi
- ICON Park4.617.4 mi
- Universal Islands of Adventure4.717.8 mi
- Kia Center4.615 mi
- Orange County Convention Center4.517.3 mi
- Camping World Stadium4.315.9 mi
- Westgate Lakes Resort & Spa4.317.7 mi
- Rosen Shingle Creek4.615.2 mi
- Crayola Experience Orlando4.412.7 mi
- EPIC Theatres at Lee Vista4.58.1 mi
- Regal Waterford Lakes4.210.1 mi
- KEG SOCIAL ORLANDO - Dining & Entertainment4.89.9 mi
- Funtastic Depot - Indoor Amusement Park4.68 mi
- Orlando Science Center4.615.7 mi
- Crayola Experience Orlando4.412.7 mi
- Dezerland Park Orlando4.516.4 mi
- Harry P Leu Gardens4.715 mi
- Titanic: The Artifact Exhibition4.517.6 mi
- Cypress Grove Park4.713 mi
- Barber Park4.610.1 mi
- Airport Lakes Park4.28.6 mi
- Moss Park4.72.4 mi
- Blanchard Park4.712.1 mi
- Eagle Creek Golf Clubhouse4.24.2 mi
- Rio Pinar Golf49.3 mi
- Lake Nona Golf & Country Club4.84.6 mi
- Ventura Country Club4.59.7 mi
- Kissimmee Bay Country Club411.2 mi
- The Florida Mall4.513 mi
- Waterford Lakes Town Center4.510 mi
- Macy's4.512.8 mi
- Central Florida Pick & Pay4.611.8 mi
- Ross Dress for Less4.38.1 mi
- Orlando International Airport4.17.6 mi
- Orlando Sanford International Airport4.225.4 mi
- The Club MCO Terminal A4.48 mi
- Napoli Italian Pizzeria4.710 mi
- Air Force Fun Helicopter Tours4.818.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Large recreational lake offering boating and fishing access.
A prominent natural water body serving as a focal point for the local community.
A large county park featuring camping, hiking trails, and wildlife viewing.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).