Market Overview
Orlando is located in central Florida in an area surrounded by 1,200 lakes. Once surrounded by swamps and orange groves, it has become a major tourist destination and business development area. With a warm, humid climate, the daily temperatures range from the low 70s to the mid-80s from October to May. From May through September, it becomes hotter, with highs in the upper 80’s to mid-90’s.
Orlando is growing quickly with a job market increase of 3.9% over the last year. Job growth is project to grow by 51% in the next year. Orlando has a low cost of living, and the suburban communities offer plenty of housing options for single family homes.
Orlando as we all know is home to Disney World where tourism and the entertainment industry have always thrived, but while Disney was an early part of Orlando’s development, it has become a major international city for many businesses. Its international airport is a major hub in Florida. This has brought to Orlando high technology, aviation and aerospace, biotechnology, and film and television production, manufacturing, warehousing, and distribution.
With such a diverse and thriving job market and access to domestic and international travel through its major airport, low cost of living, ample housing and great quality of life, Orlando will continue to be a sought after place to live and work.
Real estate market data in Orlando
Average Monthly Rent:
$1,327
Percentage Change in Home Price/Value:
4.60%
Median Home Value:
$241,500
Best Time To Sell Home:
December
Affordability Index:
124.1
Days To Sell House:
73
Job Market:
Strong
Public School Ranking:
26
