Home Affordability in Orlando, FL
The median home price in Orlando is $370,000 with a median household income of $52,102. Housing is significantly stretched relative to local incomes.
Median Home Price
$370,000
Median Income
$52,102
Price-to-Income Ratio
7.1x
Est. Affordable Home
$203,000
Property Tax Rate
0.85%
Annual Property Tax
$3,145
Sales Tax Rate
6.50%
Cost of Living Index
103
Buying a Home in Orlando
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $52,102 in Orlando can afford a monthly housing payment of approximately $1,216. This translates to a home price of roughly $203,000, which is below the median home price of $370,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Orlando would be approximately $3,145 per year ($262/month) at the effective rate of 0.85%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $11,100 | $358,900 | Yes |
| 5% | $18,500 | $351,500 | Yes |
| 10% | $37,000 | $333,000 | Yes |
| 20% | $74,000 | $296,000 | No |
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