Oviedo, FL
Population 39,990 · Florida
About Oviedo, FL
Oviedo is a mid-sized city located in Florida with a population of 39,990 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,092 per year, which is 52% above the national median of $75,149. The median age of 37.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oviedo features a median home value of $428,500, which is 75% above the national median of $244,900. This places Oviedo in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,963, 69% above the national average of $1,163/month. Of the 13,823 total housing units, 77% are owner-occupied (10,243 units) and 23% are renter-occupied (3,032 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oviedo shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oviedo have an average one-way commute time of 26.9 minutes.
Education & Demographics
55.8% of Oviedo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.3% White, 1.7% Hispanic or Latino, 7.7% Black or African American, and 8.2% Asian residents, with 15.6% of the population being foreign-born.
Cost of Living in Oviedo, FL
Compared to national averages, Oviedo has a median household income of $114,092 (52% above the national median of $75,149). Home values average $428,500, which is 75% above the national median. Monthly rent at $1,963 is 69% above the US average of $1,163. Within Florida, Oviedo's income is 50% above the state average of $75,893, and home values are 21% above the state median of $353,675.
Why Live in Oviedo, FL?
Oviedo offers a strong local economy with a median household income of $114,092, well above the national average, and a well-educated community where 55.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $428,500. However, Oviedo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oviedo has a population of 39,990 with a median age of 37.2 years. Compare Oviedo with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Oviedo
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Plant City | 40,009 | $64,536 | $251,500 | Compare |
| DeLand | 39,832 | $73,352 | $303,500 | Compare |
| The Acreage | 40,188 | $105,405 | $464,400 | Compare |
| Lakewood Ranch | 39,434 | $123,471 | $626,500 | Compare |
| Aventura | 39,372 | $82,777 | $416,300 | Compare |
| Meadow Woods | 40,741 | $77,124 | $351,600 | Compare |
| Royal Palm Beach | 39,089 | $92,382 | $389,300 | Compare |
| Navarre | 38,988 | $98,522 | $352,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oviedo With Other Cities
Frequently Asked Questions about Oviedo
What is the population of Oviedo, FL?
The population of Oviedo, FL is 39,990 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Oviedo?
The median household income in Oviedo, FL is $114,092 per year, which is 52% above the national median of $75,149.
What is the median home value in Oviedo?
The median home value in Oviedo, FL is $428,500, which is 75% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oviedo?
The median monthly rent in Oviedo, FL is $1,963, which is 69% above the national average of $1,163/month.
What is the unemployment rate in Oviedo?
The unemployment rate in Oviedo, FL is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oviedo, FL a good place to live?
Oviedo offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 39,990 and a median age of 37.2, the city appeals to a broad range of residents.
How educated is Oviedo, FL?
55.8% of residents in Oviedo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Oviedo?
Key cost-of-living indicators for Oviedo, FL: median home value is $428,500 (75% above national), median rent is $1,963/month, and median household income is $114,092. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Oviedo?
The poverty rate in Oviedo, FL is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oviedo, FL?
Oviedo's population is 3.3% White, 1.7% Hispanic or Latino, 7.7% Black or African American, 8.2% Asian, and 6.7% two or more races. 15.6% of residents are foreign-born.