The typical owner-occupied home in Oviedo is worth about $454,000, 26% above the Florida median of $359,000 and 36% above the national median of $332,700. Owners pay a median $3,494 a year in property taxes, about 0.77% of their home's value, close to the Florida rate of 0.76%. The median household earns $117,070 a year, so the median home costs 3.9 times the median income (4.8 times for Florida). 77% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Oviedo at a glance
| Oviedo | Florida | U.S. | |
|---|---|---|---|
| Median home value | $454,000 | $359,000 | $332,700 |
| Median property tax paid per year | $3,494 | $2,730 | $3,119 |
| Property tax as a share of value | 0.77% | 0.76% | 0.94% |
| Median household income | $117,070 | $74,568 | $80,734 |
| Homes lived in by their owners | 77% | 68% | 65% |
| Owner homes with a mortgage | 75% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,424 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 23.6% | 21.0% |
| Median rent | $1,955 | $1,669 | $1,413 |
| Rent as a share of renters' income | 33.9% | 35.2% | 30.6% |
| Median year homes were built | 1997 | 1988 | 1980 |
| Vacant homes | 4.5% | 14.7% | 10.1% |
| Population | 40,599 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Oviedo
At this week's average 30-year rate of 7.11%, buying the median Oviedo home of $454,000 with 20% down costs about $2,924 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,680, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $125,304 for the 20%-down payment. That payment is 30% of the median Oviedo household income of $117,070; at that income and 20% down, the 28% guideline points to a home of about $424,000.
The median rent here is $1,955 a month, so owning the median home costs about $969 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,800 |
|---|---|
| Loan amount | $363,200 |
| Principal and interest | $2,443 |
| Property taxes (0.77% a year) | $291 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| PMI | $0 |
| Total per month | $2,924 |
Change the numbers in the calculator
| Down payment | $15,890 |
|---|---|
| Loan amount | $445,777 |
| Principal and interest | $2,999 |
| Property taxes (0.77% a year) | $291 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| FHA mortgage insurance | $201 |
| Total per month | $3,680 |
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Questions about home buying in Oviedo
What is the median home value in Oviedo?
About $454,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oviedo?
Homeowners pay a median $3,494 a year, which is about 0.77% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oviedo?
For the median home with 20% down at 7.11%, the payment is about $2,924 a month. Keeping that under 28% of gross income takes about $125,304 a year.
More about Oviedo
- Mortgage Refinance in Oviedo
- Debt Relief in Oviedo
- Home Equity Loans in Oviedo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data