Quick facts: Zellwood, FL

Quick Facts

107.5
Cost of Living
above US average
2,850
Population
7.02
Crime Rate per 1000
below US average
$56,733
Median Income
below US average
$167,500
Median House Price
above US average
$2616.33
Average Rent
above US average
7%
Poverty Rate
below US average
5.0%
Unemployment Rate
above 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 $56,733.

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Income Needed to Buy

βœ“ Affordable
$53k/year
Based on $167,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($56,733) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$112k/year
Based on $2616.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $112k vs median $56,733
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Zellwood, FL

Zellwood is a quaint small town located in Orange County, Florida, known for its serene landscapes and close-knit community. Nestled just north of Orlando, it offers a rural atmosphere with easy access to urban amenities. The area is largely residential, featuring a mix of traditional homes and mobile homes, ideal for those seeking a slower pace of life. Zellwood is particularly famous for its annual Zellwood Sweet Corn Festival, celebrating the local agriculture and showcasing the region's agricultural heritage. The town is surrounded by beautiful lakes and parks, providing ample opportunities for outdoor activities such as fishing, boating, and hiking. The nearby attractions include the Central Florida Fairgrounds and the bustling city of Apopka, offering shopping and dining options. With its charming character and friendly residents, Zellwood presents a unique blend of rural charm and convenient proximity to the more vibrant cities of Central Florida, making it a delightful place for residents and visitors alike.

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