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Altamonte Springs real estate market overview
- Average Monthly Rent: $1,546
- Home Price/Value Percentage Change: 29.3%
- Median Home Value: $245,500
- Best Time To Sell a Home: December
- Affordability Index: 144
- Days To Sell a House: 52
- 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 43,912, with a declining growth rate of -0.18% annually.
This job market has increased by 4.0% over the last year. In ten years, job growth is predicted to be 47.0%. Some of the larger industries here are management, business, finance, and computer-tech. The biggest employers are Adventist Health System, Travel Holdings, CCMC and E Foods. 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
- Forest City
- Oranole Rd.
- Orienta Gardens
- Sanlando Springs
- North Street
The average monthly rent in Altamonte Springs is $1,546 for an average apartment size of 915 sq. feet.
There has been a 29.3% increase in Altamonte Springs's median home value over the last year. As of 2022, the median home value is $245,500.
On average, homes in Altamonte Springs sell after 52 days on the market.
If you're a homeowner concerned with making the most amount of money from your home sale, aim to sell during December. For those in need of a fast sale, data suggests selling in August.
The affordability index in Altamonte Springs is 144. This number indicates high 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.