Orlando Real Estate Market Overview
Average Monthly Rent:
$1,733
Percentage Change in Home Price/Value:
15.8%
Median Home Value:
$330,000
Best Time To Sell Home:
April
Affordability Index:
115
Days To Sell House:
52
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 292,059, with a growth rate of 0.53% annually. The job market has increased by 3.9% over the last year. In ten years, job growth is predicted to be 51.0%. 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.