Ocoee is a moderately-sized city located in the state of Florida. The city has a population of 41,393 inhabitants. Ocoee has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 71% of the population is classified as married and 50% have kids. The average American spends an average of about 26 minutes on their one way commute each day. Lower travel times to work can increase overall happiness and allow for more time to be spent with family. While living in Ocoee, your commute times will be about average with a one way commute time of 28 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a positive experience if you are willing to get to know the city before actually living in Ocoee, Florida. Finding the best places to live in Ocoee and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, education, housing and other important metrics.
The livability score in Ocoee is 80 out of 100 and the city is ranked in the 94th percentile of all cities across America. Clearly, Ocoee is doing something right, as this score ranks well above the average of most cities. This city is also ranked in the top 10 percentile of all cities across the USA. If we dig down a little deeper into each category within the livability score, we see that Ocoee has higher than average grades for the following: amenities (A+), weather (A), education (B-) and housing (B).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Ocoee, there is no shortage of amazing local amenities and interesting things to do. Here are some of the more popular things to do in Ocoee: The Woods Laser Tag, Forest Lake Golf Club of Ocoee, and Trilobyte Game Lounge.
For buyers, real estate will be the largest purchase they ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Ocoee apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city.
Assuming that Ocoee meets all of your requirements, the next most important item to examine is the affordability of real estate in Ocoee. Everything else becomes a lot less important if it turns out that home prices in Ocoee are simply unattainable. Median real estate prices in Ocoee come in at $181,800, which is 9% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Ocoee, the home price to income ratio is 2.9, which is 14.7% lower than the Florida average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Ocoee will offer some insight into determining if your home purchase will be a solid investment for years to come. In Ocoee, the year-over-year appreciation rates were 9.9%, and the 5 year appreciation rates came in at 11.5%.
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