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City · 5,479 residents · Okeechobee County, Florida

Okeechobee , Florida

In Okeechobee, a typical home is worth $197,700 and typical rent is $1,061 a month. Compared with all of Okeechobee County, the share of households that own their home is 19 points lower.

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  • Typical home value

    $197,700

    2% above the county

    45% below Florida

    • Okeechobee
    • County
    • Florida

  • Typical rent

    $1,061a month

    About the same as the county

    36% below Florida

    • Okeechobee
    • County
    • Florida

  • Typical household income

    $57,044a year

    About the same as the county

    24% below Florida

    • Okeechobee
    • County
    • Florida

  • Households that own their home

    55%

    19 points below the county

    12 points below Florida

    • Okeechobee
    • County
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$287,214
0.6% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Okeechobee is in Okeechobee County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Okeechobee County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Okeechobee apart

What this place has that others do not, from public data, most unusual first.

  1. 55% of households in Okeechobee own their home, against 74% in Okeechobee County.

  2. Okeechobee has the 19th smallest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people (43%).

  3. Nearby, in Pahokee, the typical home value is $152,300: 23% less than in Okeechobee ($197,700).

  4. Okeechobee has the 29th lowest typical rent of the 471 cities in Florida with more than 5,000 people ($1,061).

  5. Okeechobee has the 42nd lowest typical home value of the 480 cities in Florida with more than 5,000 people ($197,700).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Okeechobee

What homes there are in Okeechobee, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 57% of homes here, against 51% in Okeechobee County.

Year built

The typical home in Okeechobee was built in 1981, 7 years before the typical one in Okeechobee County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,468 a month

Okeechobee County: $1,489 a month

Without a mortgage

$547 a month

Okeechobee County: $430 a month

Owners with a mortgage

37%

Okeechobee County: 43%

In Okeechobee, 37% of owners have a mortgage; their typical cost is $1,468 a month, about the same as in Okeechobee County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Okeechobee rose 74%; in Okeechobee County, it rose 82%.

Since 2015–2019, the typical rent in Okeechobee rose 37%, less than in Okeechobee County (40%).

The typical household income in Okeechobee rose 37% over that time; home values changed +74% and rent +37%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureOkeechobeeOkeechobee CountyFloridaUnited States
Rental vacancy Unreliable estimateUnreliable estimate7.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.4%0.9%
More than one person per room Unreliable estimate4.7%3.3%3.4%
People per household 2.532.522.512.53
Drive alone 78%74%70%69%
Carpool Unreliable estimate13%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate7%16%15%
Other means Unreliable estimate3%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Much as in Okeechobee County, a household in Okeechobee has 2.53 people on average.

To get to work, 78% of workers in Okeechobee drive alone; in Okeechobee County, 74%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Okeechobee?

A typical home is tight for the typical income

We start with a typical home in Okeechobee, worth $197,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Okeechobee, which is $57,044 a year. For that payment to be 28% of income, a household would need to earn about $69,214 a year.

The calculator's FHA and conventional loan limits are those of all of Okeechobee County.

Your numbers

Local data
$

Starts at the typical home value in Okeechobee. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,920 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,615

at 7.18% · 30 years

Loan amount
$194,119
Total interest
$279,291
Paid off in
November 2056

Includes $3,339 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,331 a month

  • Tight

    $1,331 to $1,711 a month

    Your payment · 34%

  • Hard

    more than $1,711 a month

Compared with the typical household income in Okeechobee ($57,044 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,615
Principal & interest$1,315
Property tax$130
Home insurance$82
FHA mortgage insurance (MIP)$87

You need at least $6,920 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Okeechobee and Okeechobee County

Okeechobee is in Okeechobee County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Okeechobee's own numbers

Typical home value
$197,700
Typical monthly rent
$1,061
Typical yearly household income
$57,044
Households that own their home
55%
Effective property tax rate
0.79%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Okeechobee County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,212
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
23%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Okeechobee County.

Everything about Okeechobee County

Buying

Buying a home in Okeechobee

A typical home in Okeechobee is worth $197,700: 2% above the county and 45% below Florida. With the typical household income in Okeechobee ($57,044 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Okeechobee 3.5 years
  • County 3.3 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Okeechobee County

According to FHFA’s house price index, home prices in Okeechobee County rose 147% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Okeechobee County.

Period County Florida U.S.
Last year (2025) −1.3% −0.5% +2.9%
5 years (2020–2025) +63% +60% +47%
10 years (2015–2025) +147% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Okeechobee next to Okeechobee County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Okeechobee $197,700
  • County $193,000
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Okeechobee $1,061
  • County $1,082
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Okeechobee $57,044
  • County $57,984
  • Florida $74,568
  • United States $80,734
See the full table
Okeechobee next to Okeechobee County and Florida
Measure Okeechobee Okeechobee County Florida U.S.
Typical home value $197,700 $193,000 $359,000 $332,700
Typical monthly rent $1,061 $1,082 $1,669 $1,413
Typical yearly household income $57,044 $57,984 $74,568 $80,734
Households that own their home 55% 74% 68% 65%
Typical yearly property tax $1,564 $1,423 $2,730 $3,119
Effective property tax rate 0.79% 0.74% 0.76% 0.94%
Renters with high rent for their income 43% 49% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Okeechobee County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Okeechobee

For a typical $197,700 home in Okeechobee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Okeechobee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,615a month

    Least cash to close
    Down payment
    $6,920
    Cash to close
    $12,851
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $87

  • Conventional, 5% down $1,579a month

    Down payment
    $9,885
    Cash to close
    $15,816
    Rate
    7.18%
    Mortgage insurance
    PMI · $94

  • Conventional, 20% down, no PMI $1,284a month

    Down payment
    $39,540
    Cash to close
    $45,471
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,467a month

    Down payment
    $29,655
    Cash to close
    $35,586
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Okeechobee and for Okeechobee County.

Property tax

Effective rate in Okeechobee

0.79%of the home’s value each year

$1,564 a year for the typical owner in Okeechobee.

  • Okeechobee 0.79%
  • County 0.74%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Okeechobee County

FEMA does not publish these numbers by city: they are for all of Okeechobee County.

Homes in the high-risk zone
23%
4,529
Of those, with NFIP insurance
22%
County Florida U.S.
Homes in the high-risk zone 23% 13% 3.5%
Of those, with NFIP insurance 22% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Okeechobee

Typical rent in Okeechobee is $1,061 a month: about the same as the county. In Okeechobee, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Okeechobee County, by unit size. To pay the 2-bedroom one ($1,212 a month) without spending more than 30% of your income, you would need to earn $23.31 an hour working full time.

HUD fair market rent for all of Okeechobee County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $923 $17.75 $36,920
1 bedroom $929 $17.87 $37,160
2 bedrooms $1,212 $23.31 $48,480
3 bedrooms $1,485 $28.56 $59,400
4 bedrooms $1,604 $30.85 $64,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Okeechobee

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Okeechobee has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,370 in 34972 to $1,590 in 34974.

2 of the 2 are above the fair market rent for Okeechobee County ($1,212).

  • 34972 $1,370$1,730
  • 34974 $1,590$2,180

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Okeechobee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Okeechobee

HUD lists 3 buildings with rents for lower incomes in Okeechobee. These are the largest.

  • Oaks at Shannon's Crossing 833 US Highway 441 SE, Okeechobee 34974 100 low-income homes · 1 bd: 12 · 2 bd: 54 · 3 bd: 34 · In service since 2008 · For families
  • Laurel Oaks Senior 1201 NW 3rd St, Okeechobee 34972 80 low-income homes · 1 bd: 40 · 2 bd: 40 · In service since 2008 · For older adults
  • Okeechobee Commons 402 NW 10th St, Okeechobee 34972 34 low-income homes · In service since 1994

See all 3 buildings in Okeechobee County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Okeechobee

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Okeechobee County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Okeechobee

No down payment, repair or rent-help program on our list is for Okeechobee or Okeechobee County. The ones below are statewide in Florida: they work in Okeechobee the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Okeechobee

The HUD-approved agencies closest to the center of Okeechobee, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Debt Management Credit Counseling Corp.

    941 SE Central Pkwy, Stuart · 36 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (866) 618-3328

  • We Help Communities To Develop Corporation

    349 SE 3rd Street, Belle Glade · 40 miles away · Spanish

    Also serves in Creole and French.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (561) 992-5854

  • Florida Non-Profit Housing Inc

    3909 Kenilworth Blvd, Sebring · 40 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (863) 385-2519

All counseling agencies in Florida

Help in Spanish near Okeechobee

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Okeechobee

HUD lists no housing authority with an office in Okeechobee County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Florida Source: HUD

Cities

Nearby cities

The cities closest to Okeechobee, with the typical home value.

Everything about Okeechobee County Housing in Florida

Neighboring counties

If Okeechobee County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Okeechobee.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Okeechobee

Short answers with the numbers for Okeechobee and all of Okeechobee County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Okeechobee?

The typical home value in Okeechobee is $197,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Okeechobee County it is $193,000.

How much does it cost to rent in Okeechobee?

Typical rent in Okeechobee is $1,061 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Okeechobee County is $1,212.

What is the FHA loan limit in Okeechobee?

Okeechobee uses the FHA limit for all of Okeechobee County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Okeechobee?

The typical homeowner in Okeechobee pays $1,564 a year, according to the U.S. Census Bureau. That is 0.79% of the home’s value; in Okeechobee County, the rate is 0.74%.

Where can I find free help to buy or rent in Okeechobee?

We found no HUD-approved counseling agencies with an office in Okeechobee County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).