Housing Insights for ZIP Code 32746 (Lake Mary, FL)

Housing Summary for ZIP Code 32746

Homeowners

The median home value in ZIP Code 32746 (Lake Mary, FL) is $306,600. Approximately 64.3% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 1.6%.

The average occupancy of owner-occupied units in ZIP Code 32746 is 2.71 occupants, while owner-occupied units have an aggregate average size of 2.99 bedrooms per housing unit.

Renters

In the 32746 ZIP Code, an estimated 35.7% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 8.3%.

Among renter-occupied units in this ZIP, the average occupancy is 2.39 occupants, while renters in this Seminole County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 32746

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 32746.

ZIP 32746 Florida U.S.
Median Home Value $306,600 $407,037 $356,002
Owner-Occupied Housing Units 64.3% 65.4% 64.0%
Homeowner Vacancy Rate 1.6% 2.3% 1.6%
Average Size of Owner-Occupied Unit 2.71 2.63 2.70
Average # of Bedrooms Per Unit 2.99 2.63 2.75
Median Housing Rent $0 $1,175 $1,062
Renter-Occupied Housing Units 35.7% 34.6% 36.0%
Rental Vacancy Rate 8.3% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.39 2.67 2.49
Percent of Income Spent on Rent 0% 31.74% 29.83%

Home Values in ZIP Code 32746 (Lake Mary, FL)

The median home value in ZIP Code 32746 is $306,600. That median value is about 42% higher than the median home value of $215,300 in Florida overall, and is 41% higher than the $217,500 the median home value in the entire U.S. An estimated 35.4% of homes in ZIP Code 32746 are valued $300,000 to $499,999. That is 79% higher than in the state of Florida, in which 19.8% of homes are valued at $300,000 to $499,999, and is about 83% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 32746 homes fall into is $1,000,000 or more (1.4% of homes).

Home Values in ZIP Code 32746

This chart visualizes the breakdown of home values in ZIP Code 32746, Florida, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 32746 vs. home values in both the state of Florida and in the U.S. overall.

Home Values in ZIP Code 32746

See the table below for a regional comparison of home values in ZIP Code 32746.

Home Value ZIP 32746 Florida U.S.
Less than $50,000 1.4% 7.1% 6.9%
$50,000 to $99,999 3.4% 11.3% 12.0%
$100,000 to $149,999 4.3% 12.4% 13.3%
$150,000 to $199,999 10.6% 15.2% 14.0%
$200,000 to $299,999 28.9% 23.4% 19.6%
$300,000 to $499,999 35.4% 19.8% 19.3%
$500,000 to $999,999 14.6% 8.1% 11.4%
$1,000,000 or more 1.4% 2.6% 3.4%

Home Ages in ZIP Code 32746 (Lake Mary, FL)

Approximately 30.1% of homes in this Lake Mary, FL region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 32746 is about 77% higher than percentage of homes built in this time period in Florida overall (17.0% of homes), and is 117% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 29.2% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.2% of homes in this Seminole County ZIP Code were built in 1939 or earlier in ZIP Code 32746. In comparison, 2.1% of homes in Florida overall were built in 1939 or earlier, while 12.6% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 32746

A detailed regional comparison of home ages in ZIP Code 32746.

Year Built ZIP 32746 Florida U.S.
2014 or later 4.4% 3.1% 2.5%
2010 to 2013 3.3% 2.7% 2.7%
2000 to 2009 23.3% 19.3% 14.0%
1990 to 1999 30.1% 17.0% 13.9%
1980 to 1989 29.2% 20.2% 13.4%
1970 to 1979 5.1% 17.6% 15.2%
1960 to 1969 1.9% 9.0% 10.6%
1950 to 1959 2.0% 7.0% 10.3%
1940 to 1949 0.3% 2.0% 4.9%
1939 or earlier 0.2% 2.1% 12.6%

Age of Homes in ZIP Code 32746

See the chart below for details on the age of homes in ZIP Code 32746, Florida, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 32746

Frequently asked questions about housing in this Lake Mary, FL ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 32746.

1

What is the average home value ZIP Code 32746?

The median home value in ZIP Code 32746 (Lake Mary, FL) is $306,600.
2

Are homes expensive in ZIP Code 32746?

The median home value in 32746 ($306,600) is an estimated 42% higher than the aggregate median value of $215,300 in Florida, and is 41% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 32746?

The vacacy rate for owner-occupied housing in ZIP Code 32746 is 1.6%. This rate is 30% lower than the overall Florida owner-occupied vacancy rate of 2.3%. Additionally, the 32746 vacancy rate is 0% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 32746 have older homes or newer construction?

In ZIP Code 32746, about 30.1% of homes were built in 1990 to 1999. That time range includes the most home construction. Also, 29.2% of homes in the region were built in 1980 to 1989. In contrast, 0.2% of homes in 32746 were built in 1939 or earlier.
5

What is the housing breakdown in ZIP Code 32746? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 32746 than renter-occupied housing. Owner-occupied units make up 64.3% of housing, compared to 35.7% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 32746?

The vacacy rate for rental units in ZIP Code 32746 is 8.3%. This rate is 1% lower than the overall Florida vacancy rate of 8.4%. Additionally, the 32746 vacancy rate is 38% higher than the entire U.S. vacancy rate of 6.0%.