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Orlando real estate market overview
- Average Monthly Rent: $1,933
- Home Price/Value Percentage Change: 5.70%
- Median Home Value: $366,135
- Best Time To Sell a Home: April
- Affordability Index: Moderate
- Days To Sell a House: 61
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Orlando resides in Orange County, and is the fifth largest city in the state of Florida in terms of population. This city is one of the larger tourist attractions in Florida, as it's home to multiple theme parks, water parks, world-famous restaurants, high-end shopping centers and entertainment venues.
This city has a humid subtropical climate, reaching temperatures in the mid-90's during the summer. Despite the heat, clear sunny skies keep Orlando's out-door recreation lively amongst the many parks and out-door bike trails that run through its neighborhoods.
Population, job market and cost of living
The population in Orlando is 328,354, with a growth rate of 2.16% annually.
The job market has decreased by -10.45% over the last year. In ten years, job growth is predicted to be 51.01%. Orlando is home to one of the biggest airports in Florida, the Orlando International Airport (MCO), which maintains this city's large transportation and tourism industry. Digital media, agriculture, aviation, software, design, film and television production are also major industries here. Engineering, management, sciences, and health services are some of Orlando's highest paying occupations.
One big advantage of living in Orlando is how affordable it is for a city of its size and advancement. Residents here are able to enjoy the perks of big city living, within a reasonable expense index.
Orlando real estate market details
- Lake Nona Region
- Thornton Park
- College Park
- Baldwin Park
- Park Lake Highland
The average monthly rent in Orlando is $1,933 for an average apartment size of 962 sq. feet.
There has been a 5.7% increase in Orlando's median home value over the last year. As of 2023, the median home value is $366,135.
On average, homes in Orlando sell after 61 days on the market.
The best time to sell a home for the most value in Orlando is during April. The best time to sell a home quickly is during August.
The affordability index in Orlando is 103. This number indicates moderate affordability in this city.
The top ranked public schools are Orlando Gifted Academy, Hillcrest Elementary School, Orlando Science Middle High Charter, Avalon Elementary School, and Laureate Park Elementary School. This information is based on the school's combined math and reading proficiency data in testing.