What Are The 10 Richest Neighborhoods In Orlando, FL?

Orlando can be an excellent and affordable place to live, as long as you pick the right neighborhood that is. However, the 10 richest neighborhoods in Orlando are hard to afford, such as Spring Lake and Rose Isle. Whether it be South Eola or Orwin Manor, let’s take a look at the 10 richest neighborhoods in Orlando.

Richest Neighborhoods In Orlando

Orlando may be known for its theme parks and tourist attractions, but there’s more to this central Florida city than that. It’s often rated as a top city for young professionals, and it combines elements of both suburban and urban living, which is appealing to residents. The median home value is around $240,000, with a median rent of close to $1,200, making it an affordable city for many people who live there.

There are rich neighborhoods in Orlando, however. For example, Spring Lake has a cost of living that’s 43% higher than the national average and 44% higher than the Orlando average. The median home value in Spring Lake is $503,100, and the median rent price is $3,500. Rose Isle is another rich neighborhood in Orlando, with a cost of living that’s around 32% higher than the Orlando average.

Be sure to also check out What Are The Best Neighborhoods In Orlando?

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10 Richest Neighborhoods in Orlando

Factors that helped us determine the rich neighborhoods in Orlando included the cost of living, cost of housing and median home prices, and the median household income.

1. Spring Lake

  • Median home price: $503,100
  • Median rent: $3,391
  • Population: 920
  • Median household income: $83,100
  • Cost of living compared to the national average: 43% higher

Spring Lake is a small neighborhood in Orlando, and one reason that it’s ranked as a rich neighborhood in Orlando is that the median home value is more than $503,000. Around 87% of residents are owners, and 13% are renters. The median rent in Spring Lake is more than $3,500, making it an incredibly expensive option for Orlando renters.

Spring Lake’s average housing prices are around 156% higher than the national average, and the cost of living in the neighborhood is 43% higher. The Spring Lake neighborhood surrounds the Country Club of Orlando.

2. Rose Isle

  • Median home price: $677,000
  • Median rent: $2,000
  • Population: 1,200
  • Median household income: $171,000
  • Cost of living compared to the national average: 26% higher

Rose Isle is often ranked as one of the best neighborhoods to call home in Orlando. It excels in terms of being good for families and having well-rated public schools. The median household income is high in Rose Isle, and home prices are well above both Orlando and national averages. Some of the top schools serving the Rose Isle neighborhood include Winter Park High School and Hope Charter School.

Residents of Rose Isle describe it as a beautiful neighborhood located between downtown Orlando and Winter Park. There are mature trees and lakes, and the neighborhood is bordered by other neighborhoods, including Leu Gardens and Meade Gardens.

3. Rowena Gardens

  • Median home value: $473,000
  • Median rent: $1,460
  • Population: $1,350
  • Median household income: $126,200
  • Cost of living compared to the national average: 23% higher

Rowena Gardens is described as one of Orlando’s best neighborhoods to raise a family, in addition to being considered a rich neighborhood in Orlando. Rowena Gardens is set on Lake Rowena and is near Lake Rowena Park. The cost of living in Rowena Gardens is around 23% higher than the national average. Housing prices are 90% higher.

The income per capita in the neighborhood is nearly $82,000, which is 175% higher than the national average. The homeownership rate is 75% and the high school graduation rate in the neighborhood is 98%.

4. South Eola

  • Median home price: $396,500
  • Median rent: $1,580
  • Population: 2,500
  • Median household income: $85,700
  • Cost of living compared to the national average: 21% higher

South Eola is adjacent to downtown Orlando. It’s a popular neighborhood among young professionals, featuring high-rise condominiums and traditional homes. It’s a very walkable community, with dining and entertainment. Lake Eola Park is home to the popular Orlando Farmers Market, and there’s also Constitution Green’s dog park.

The cost of living in South Eola is around 21% more than the national average, with housing being especially high. Housing in South Eola is 84% more expensive than the national average. Around 65% of South Eola residents are renters, and the rest are owners. Many residents say it’s the best Downtown Orlando neighborhood with all the amenities you need and often lake views from your home.

5. Lake Nona South

  • Median home price: $377,00
  • Median rent: $1,900
  • Population: 11,000
  • Median household income: $114,000
  • Cost of living compared to the national average: 19% higher

Lake Nona South, like many others on this list, is frequently rated as one of the best neighborhoods to raise a family in Orlando. It’s a suburban community, where around 65% of residents are homeowners, and 35% are renters. The schools are ranked well, and there are a lot of amenities like restaurants and grocery stores nearby.

Residents tend to enjoy getting outside, and there are ample parks and trails. The one complaint that residents tend to have for Lake Nona South is the relatively high cost of living, which is one reason we ranked it as a rich neighborhood in Orlando.

6. Lake Nona Central

  • Median home price: $376,700
  • Median rent: $1,900
  • Population: 11,000
  • Median household income: $113,550
  • Cost of living compared to the national average: 19% higher

Lake Nona Central is often described as one of the best neighborhoods to buy a house in Orlando. It’s also said to be being safe and family-friendly. There’s a lot of development going on in the area, and there are shops and restaurants located next to the University of Central Florida Medical school, which is in Lake Nona Central. The one downside according to some people who live there, is the high home prices.

Home prices are 78% higher in Lake Nona Central than they are nationally on average. Top public schools that serve Lake Nona Central are Hope Charter School, Oakland Avenue Charter School, and Cornerstone Charter Academy. Nearly half of Lake Nona Central residents are families with children.

7. City of Orlando/GOAA

  • Median home price: $330,000
  • Median rent price: $1,600
  • Population: 11,000
  • Median household income: $113,550
  • Cost of living compared to the national average: 19% higher

The City of Orlando/GOAA is a neighborhood with a mix of families and young professionals. Around 65% of residents own their homes, while 35% rent. The cost of living in this neighborhood is overall 19% higher than the national average, with housing being 78% higher. Nearly half of residents are families with children.

Some of the top public schools serving Orlando/GOAA include Hope Charter School and Oakland Avenue Charter School. The neighborhood is located in fairly close proximity to Lake Nona South.

8. Lake Nona Estates

  • Median home price: $377,000
  • Median rent price: $1,900
  • Population: 397
  • Median household income: $101,927
  • Cost of living compared to the national average: 19% higher

Lake Nona Estates is a prestigious luxury neighborhood and one of our selections for a rich neighborhood in Orlando. Lake Nona Estates is home to Lake Nona Golf & Country Club. Lake Nona is often described as an upscale community, and it’s located on the southeast side of Orlando. It’s home to the USTA National Tennis Complex as well as the Medical City complex.

While the median home value is around $377,000, it’s not uncommon to see homes in the millions of dollars. The cost of housing in Lake Nona Estates is estimated to be 78% higher than the national average. The household income is 84% higher than the national average and the income per capita is 52% higher in Lake Nona Estates.

9. Lancaster Park

  • Median home price: $373,100
  • Median rent price: $1,024
  • Population: 340
  • Median household income: $107,300
  • Cost of living compared to the national average: 18% higher

Lancaster Park is yet again often ranked as a top Orlando neighborhood in which to raise a family. High school graduation rates are 98% in Lancaster Park, which is 19% higher than the U.S. average. The cost of living in Lancaster Park is 118, which means that it’s 18% more expensive to live than compared to the U.S. average.

The median household income is more than $107,000, which is 94% higher than the U.S. average, and the unemployment rate in the neighborhood is only around 1%. The income per capita is also 129% higher than the U.S. average.

10. Orwin Manor

  • Median home price: $452,000
  • Median rent price: $1,250
  • Population: 3,000
  • Median household income: $99,900
  • Cost of living compared to the national average: 15% higher

Orwin Manor is also called Orwin Manor Westminster, and it’s a historic neighborhood near Winter Park. There’s nearly an even split between owners and renters in Orwin Manor, and it’s popular among young professionals. Orwin Manor is centrally located to downtown Orlando, College Park, Winter Park, and Thornton Park. It’s also close to 1-4 for commuters.

The overall cost of living is around 15% higher in Orwin Manor than the national average, and housing is 64% higher. The median household income is nearly $100,000.

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Related Questions

Is Orlando Expensive?

While the above are considered rich neighborhoods in Orlando, you may be wondering if it’s an expensive city overall. Relatively speaking, Orlando does tend to have a low cost of living. The overall cost of living is 5% lower in Orlando than the national average, with housing being 2% lower. The average income of an Orlando resident is $25,600 a year, which is below the national average. The median household income is around $42,000 a year.

What Are the Most Affordable Orlando Neighborhoods?

While the above are the rich neighborhoods in Orlando, what about the affordable options? There are plenty.

Holden-Parramore is often called one of the most affordable neighborhoods in Orlando, with a cost of living that’s estimated to be 20% lower than the city average. Mercy Drive, Rock Lake, and Loona Dorne are also low-cost neighborhoods.

In Holden-Parramore, housing is on average 64% lower than what you would pay around the nation. While it does have a lower cost of living, the median income is also significantly lower than the rich neighborhoods in Orlando at less than $18,000 a year.

Overall, Orlando is an inexpensive city, but there are high-end enclaves with more expensive houses and other factors that led us to rank them as a rich neighborhood, such as a high median household income.

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Ashley Sutphin

Ashley Sutphin Watkins studied journalism at the University of North Carolina. She now works as a full-time writer with an interest in all things real estate and interior design. She lives in East Tennessee and enjoys the nearby Smoky Mountains with her family.

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