Quick facts: Ocoee, FL

Quick Facts

108.6
Cost of Living
above US average
48,198
Population
26.2
Crime Rate per 1000
above US average
$88,828
Median Income
above US average
$460,000
Median House Price
above US average
$2565.62
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $88,828.

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Income Needed to Buy

βœ— Stretch
$144k/year
Based on $460,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $144k vs median $88,828
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Income Needed to Rent

⚠ Stretch
$110k/year
Based on $2565.62/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $110k vs median $88,828
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ocoee, FL

Ocoee, Florida, is a vibrant city located in Orange County, known for its rich history and growing community. Situated just west of Orlando, Ocoee offers a blend of suburban charm and access to urban amenities. The city boasts a variety of parks and recreational facilities, including the popular West Orange Trail, which is perfect for walking, biking, and outdoor activities. Ocoee is home to several lakes, providing scenic waterfront views and opportunities for fishing and boating, notably at Lake Eola and Starke Lake. The city is experiencing rapid growth, with an increasing number of residential developments, schools, and shopping centers, contributing to a family-friendly atmosphere. Cultural events and festivals are common, showcasing the community's spirit. Ocoee also has a diverse population, contributing to a rich cultural tapestry. Its proximity to Orlando means residents can easily access major attractions, entertainment venues, and dining options. Overall, Ocoee combines the tranquility of a suburban lifestyle with the conveniences of nearby urban living, making it an appealing place to live and visit.

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