Short answer: Lake Nona, in southeast Orlando, has home values well above the city median: the Census Bureau's 2020 to 2024 survey puts the median owner-reported value at $662,200 in ZIP 32827 and $497,200 in ZIP 32832, against $394,100 citywide. Most Lake Nona homes are single-family and owner-occupied, built since 2010, and the City of Orlando's $13 million Southeast Government Center on Dowden Road had an anticipated end date in the third quarter of 2026.
Last verified: October 15, 2026, against the sources listed at the end of this page.
Which ZIP codes and city district cover Lake Nona?
Lake Nona's public landmarks carry two Orlando ZIP codes, 32827 and 32832, and its new city hub on Dowden Road is in Orlando Commission District 1.
Public addresses pin the Lake Nona ZIPs down. The Orlando VA Medical Center is at 13800 Veterans Way, Orlando, FL 32827 (VA Orlando), and Lake Nona High School is at 12500 Narcoossee Rd, Orlando, FL 32832, phone 407-956-8300 (Lake Nona High School). The City of Orlando lists its Southeast Government Center site at Dowden Road west of Narcoossee Road, ZIP 32827, in District 1, represented by Commissioner Tom Keen (City of Orlando).
Census does not publish figures for Lake Nona as a neighborhood, so this page uses the ZIP code tabulation areas for 32827 and 32832 as a stand-in. The ZIP areas are not Lake Nona boundaries, so the numbers describe the Lake Nona ZIPs as a whole rather than any single village.
How much have Lake Nona home values and rents risen?
Between the 2015 to 2019 and 2020 to 2024 Census surveys, the median owner-reported value in Lake Nona's 32827 ZIP more than doubled, from $289,500 to $662,200, while 32832 rose from $335,900 to $497,200.
Rents in the Lake Nona ZIPs moved too. The median gross rent in 32827 went from $1,840 to $2,253 (ACS 2019, ZIP 32827, ACS 2024, ZIP 32827), and in 32832 from $1,582 to $2,314 (ACS 2019, ZIP 32832, ACS 2024, ZIP 32832).
| Measure | 32827 (2015 to 2019) | 32827 (2020 to 2024) | 32832 (2015 to 2019) | 32832 (2020 to 2024) |
|---|---|---|---|---|
| Median owner-reported value | $289,500 | $662,200 | $335,900 | $497,200 |
| Median gross rent | $1,840 | $2,253 | $1,582 | $2,314 |
| Housing units | 4,326 | 7,497 | 11,600 | 14,287 |
| Owner-occupied share | 65.6% | 61.3% | 63.9% | 68.3% |
Both Lake Nona ZIPs now sit well above the City of Orlando as a whole, where the 2020 to 2024 median value was $394,100 and the median rent $1,747 (ACS 2024, Orlando city).
Housing supply in the Lake Nona ZIPs grew quickly between the two surveys. ZIP 32827 went from 4,326 to 7,497 housing units, an addition of 3,171 units or about 73 percent, while 32832 grew from 11,600 to 14,287, about 23 percent. Ownership moved in opposite directions: the owner-occupied share fell from 65.6 to 61.3 percent in 32827 and rose from 63.9 to 68.3 percent in 32832.
ZIP-level Census estimates for Lake Nona carry wide margins of error: the 2020 to 2024 median value in 32827 is $662,200 plus or minus $86,816, and in 32832 $497,200 plus or minus $34,808 (ACS 2024, ZIP 32827). The two surveys also use different ZIP code tabulation area editions (Census geography codes 8600000US32827 for 2015 to 2019 and 860Z200US32827 for 2020 to 2024), so the areas compared may not match exactly.
What kind of homes make up Lake Nona?
Lake Nona is mostly single-family: detached houses make up 60.0 percent of units in 32827 and 56.5 percent in 32832, with townhouse-style attached homes adding about 18 percent in each.
Large buildings are a minority in the Lake Nona ZIPs. Buildings of 20 or more units hold 10.8 percent of homes in 32827 and 13.2 percent in 32832 (ACS 2024, ZIP 32827, ACS 2024, ZIP 32832), compared with 25.1 percent of all homes citywide in Orlando (ACS 2024, Orlando city).
| Measure | ZIP 32827 | ZIP 32832 |
|---|---|---|
| Single-family detached | 60.0% | 56.5% |
| Single-family attached | 18.7% | 18.2% |
| Buildings of 20 or more units | 10.8% | 13.2% |
| Built 2010 to 2019 | 4,504 units | 7,208 units |
| Built 2020 or later | 185 units | 1,789 units |
| Homeowner vacancy rate | 6.5% | 0.0% |
| Rental vacancy rate | 0.0% | 15.8% |
The Lake Nona housing stock is young. In 32827, 4,504 of 7,497 units were built from 2010 to 2019, and in 32832 the figure is 7,208 of 14,287. The 2020 to 2024 survey estimates 185 units in 32827 built in 2020 or later, against 1,789 in 32832.
How much does it cost to own or rent in Lake Nona?
Lake Nona owners with a mortgage paid a median of $3,144 a month in 32827 and $2,554 in 32832, both above the Orlando citywide median of $2,231.
The figures are the ACS 2020 to 2024 medians of selected monthly owner costs for Lake Nona homes with a mortgage (ACS 2024, ZIP 32827). Renters in the Lake Nona area also feel the pressure: 42.2 percent of renting households in 32827 and 53.4 percent in 32832 paid 35 percent or more of income on rent (ACS 2024, ZIP 32832), against 48.1 percent across the City of Orlando (ACS 2024, Orlando city).
The Lake Nona ownership share runs well above Orlando's. About 61 to 68 percent of occupied homes in the two Lake Nona ZIPs are owner-occupied, compared with 39.5 percent citywide.
What public projects and institutions anchor Lake Nona in 2026?
Lake Nona's public anchors include its medical campuses, and in the same 32827 ZIP the City of Orlando has budgeted $13 million for a Southeast Government Center on Dowden Road.
The UCF Health Sciences Campus at Lake Nona is a 50-acre complex for medical education, health sciences education and biomedical research, with the UCF Lake Nona Cancer Center, a Veterans Affairs Medical Center and a Nemours Children's Hospital within walking distance (UCF College of Medicine), and the Orlando VA Medical Center is on Veterans Way in 32827.
The Southeast Government Center will cover about 15,000 square feet with public meeting rooms and a regional police substation that serves as a field operations center during hurricanes, according to the City of Orlando (Southeast Government Center). Its project page, last updated June 29, 2026, gives a first quarter 2025 start and an anticipated end in the third quarter of 2026. The City of Orlando describes the building as a drop-in service point with multi-generational classrooms, emergency power and a role as a distribution hub for residents of the southeast area in a crisis, with an anticipated duration of 19 months. That quarter closed on September 30, 2026, and the page had not posted an opening date when checked on October 15, 2026.
The city road closure list shown on the same City of Orlando page names Laureate Boulevard (Lake Nona South), Luminary Boulevard (Lake Nona) and Lake Nona Boulevard roadway improvements.
Last verified: October 15, 2026, on the City of Orlando, Census Bureau and FEMA websites.
How does flood insurance work for Lake Nona homes inside Orlando?
Lake Nona homes inside Orlando city limits fall under the City of Orlando's FEMA flood program, which holds Community Rating System class 6 and a 20 percent discount inside the special flood hazard area.
Outside the special flood hazard area, Orlando policies get a 10 percent discount, and the flood map in effect for the city is dated September 24, 2021 (FEMA NFIP, Orlando). For a Lake Nona parcel inside Orlando, its zone on that 2021 map decides which of the two discounts applies.
Frequently asked questions
What ZIP code is Lake Nona in Orlando?
Lake Nona landmarks carry ZIP codes 32827 and 32832. The Orlando VA Medical Center on Veterans Way is in 32827, and Lake Nona High School at 12500 Narcoossee Rd is in 32832.
What is the median home value in Lake Nona?
Census data for 2020 to 2024 put the median owner-reported value at $662,200 in ZIP 32827 and $497,200 in ZIP 32832, both above the Orlando citywide median of $394,100. Five years earlier the two Lake Nona ZIPs were at $289,500 and $335,900.
Which City of Orlando projects touch Lake Nona?
The City of Orlando road closure list names Luminary Boulevard (Lake Nona), Laureate Boulevard (Lake Nona South) and Lake Nona Boulevard roadway improvements. Its Southeast Government Center site is on Dowden Road west of Narcoossee Road, ZIP 32827, in Commission District 1.
How much is rent in Lake Nona?
The median gross rent in the 2020 to 2024 Census survey was $2,253 in ZIP 32827 and $2,314 in ZIP 32832, compared with $1,747 across the City of Orlando. In 32832, 53.4 percent of renters paid 35 percent or more of income on rent.
When does Orlando's Southeast Government Center in ZIP 32827 open?
The City of Orlando project page, last updated June 29, 2026, gives an anticipated end date in the third quarter of 2026 for the $13 million center of about 15,000 square feet on Dowden Road. No opening date was posted as of October 15, 2026.
Sources
- Census Bureau ACS 2020-2024 5-year DP04, ZCTA 32827 https://data.census.gov/api/access/data/table?id=ACSDP5Y2024.DP04&g=860XX00US32827 Used for: Lake Nona ZIP 32827 housing units, structure type, year built, tenure, value, rent, owner costs
- Census Bureau ACS 2020-2024 5-year DP04, ZCTA 32832 https://data.census.gov/api/access/data/table?id=ACSDP5Y2024.DP04&g=860XX00US32832 Used for: Lake Nona ZIP 32832 housing units, structure type, year built, tenure, value, rent, owner costs
- Census Bureau ACS 2015-2019 5-year DP04, ZCTA 32827 https://data.census.gov/api/access/data/table?id=ACSDP5Y2019.DP04&g=860XX00US32827 Used for: earlier figures for 32827
- Census Bureau ACS 2015-2019 5-year DP04, ZCTA 32832 https://data.census.gov/api/access/data/table?id=ACSDP5Y2019.DP04&g=860XX00US32832 Used for: earlier figures for 32832
- Census Bureau ACS 2020-2024 5-year DP04, Orlando city https://data.census.gov/api/access/data/table?id=ACSDP5Y2024.DP04&g=160XX00US1253000 Used for: citywide comparison
- City of Orlando, Southeast Government Center project https://www.orlando.gov/Building-Development/City-Projects/Southeast-Government-Center Used for: location in 32827, District 1, budget, size, timeline; Lake Nona road work list
- Orlando VA Medical Center https://www.va.gov/orlando-health-care/locations/orlando-va-medical-center/ Used for: Lake Nona address in 32827
- Lake Nona High School, Orange County Public Schools https://lakenonahs.ocps.net/ Used for: address in 32832
- UCF College of Medicine, Academic Health Sciences Campus https://med.ucf.edu/about/our-locations/health-sciences-campus/ Used for: 50-acre Health Sciences Campus at Lake Nona
- FEMA NFIP Community Status Book, City of Orlando https://www.fema.gov/api/open/v1/NfipCommunityStatusBook?$filter=communityIdNumber%20eq%20%27120186%27 Used for: CRS class, flood map date
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