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Altamonte Springs real estate market overview
- Average Monthly Rent: $1,736
- Home Price/Value Percentage Change: 8.00%
- Median Home Value: $298,261
- Best Time To Sell a Home: December
- Affordability Index: Moderate
- Days To Sell a House: 56
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Altamonte Springs is a wholesome, bustling suburb of Orlando located in the Seminole County area of central Florida. The tree-lined streets and charming character of Altamonte Springs help attract potential new residents, despite its hot weather and frequent rainfall. This city experiences seasonal variation in cloudy skies throughout the year, and has an average of 53 inches of rain per year.
Considering Altamonte Springs is one of the warmest cities in Florida, the short winter months are considered more pleasant than any other time of the year for residents and tourists.
Population, job market and cost of living
Altamonte Springs has a population of 47,653, with a growth rate of 1% annually.
This job market has decreased at the beginning of 2023 by -10.43%. In ten years, job growth is predicted to be 46.98%. Some of the larger industries here are management, business, finance, and computer-tech. The biggest employers are AdventHealth, E Foods, Alexander Aviation Associates, Travel Holdings and BioPlus Specialty Pharmacy.
Altamonte Springs cost of living is lower than both the Florida and national average, making it a less expensive Floridian city. Considering its smaller population size and quaint geographical layout, it's evident why this city is more affordable than other areas of Orlando.
Altamonte Springs real estate market details
- Altamonte Spring South
- Spring Oaks
- Hickory Square
- Country Creek
The average monthly rent in Altamonte Springs is $1,736 for an average apartment size of 915 sq. feet.
There has been an 8% increase in Altamonte Springs median home value year-over-year. As of December 2022, the median home value is $298,261.
On average, homes in Altamonte Springs sell after 56 days on the market.
The best time to sell a home for the highest valued sale is during December. For the quickest sale, homeowners should sell in August.
The affordability index in Altamonte Springs is 97. This number indicates a moderate affordability in this city.
The top ranked public schools are Forest City Elementary, Lake Orienta Elementary, Teague Middle School, Altamonte Middle School and Lake Brantley High School. This information is based on the school's combined math and reading proficiency data in testing.