salaryRent is higher than in 75% of U.S. cities. A typical house costs about 3.6 years of household income. Most homes (76.7%) are owned, so rentals can be hard to find. It is a highly educated city: 55.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $86,280 a year. That is $41 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 306 of 479 cities from cheapest to most expensive.
How much do households earn in Oviedo?
Share of households by yearly income. 47.0% of households earn $100,000 or more.
Rent by apartment size in Oviedo
| Size | Oviedo | U.S. average |
|---|---|---|
| 1 bedroom | $1,798 | $1,324 |
| 2 bedrooms | $1,943 | $1,509 |
| 3 bedrooms | $2,382 | $1,698 |
| 4 bedrooms | $1,994 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Oviedo overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Oviedo, so the Florida figure is shown.
Taxes and bills in Oviedo
Life in Oviedo
Is it cheaper to rent or buy in Oviedo?
Renting is cheaper right now: about $993 a month less.
Owning assumes a typical $454,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $45,400 for the down payment.
Frequently asked questions
What is the average rent in Oviedo, FL?
Renting in Oviedo costs a median of about $2,157 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Oviedo?
To keep rent under 30% of income, you need about $86,280 a year, or $41 an hour at a full-time job.
Is Oviedo cheap or expensive?
Oviedo is rated OK: rent takes 20.5% of the typical household income of $126,260. It ranks 306th cheapest of 479 Florida cities we track.
How much are property taxes in Oviedo?
The median homeowner in Oviedo pays $3,494 a year in property taxes, about 0.77% of the median home value.
Is Oviedo more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Oviedo?
The median home value in Oviedo is $454,000, about 3.6 times the typical yearly household income.
40,599 people live in Oviedo. Numbers are typical (middle) values.