Housing or Real State Market in Orlando Florida

What makes investing in Orlando, Florida so enticing?

Orlando is a city located in central Florida, known for its warm climate, tourist attractions and theme parks, such as Disney World and Universal Studios. Furthermore, this city also offers great benefits for those who want to invest in real estate.

In recent years, Orlando has been the ideal city to invest in. It has multiple real estate options, whether for residential, vacation or commercial purposes, which provide high percentages of profitability. Currently the real estate market in this city offers very competitive prices and high appreciation rates (up to 20%). In addition, it has a rent growth rate of 3.4% in recent years (the highest figure in the United States).

On the other hand, Forbes ranks Orlando, Florida as the 23rd best place for business and careers and the sixth best place in the country for job growth.

• Average employment in Orlando is projected to grow 19% by 2030, nearly double the rate of the United States. 
• Orlando was ranked as one of the best places to buy rental properties during 2022, based on key investment criteria such as; cash flow, affordable property prices and a growing population and job market.
• And 55% of housing units in Orlando are occupied by renters.

Trends in the Real Estate market:

The Orlando real estate market is constantly growing. The city is experiencing an increase in demand for housing due to the growing population and the arrival of new residents, which has led to an increase in property prices. Another aspect to consider is the strategic location, the city is located in central Florida, making it a hotspot for tourism and commerce. Its international airport is one of the largest in the country, which facilitates access to other cities and countries.

The main advantages are:

• Dynamic rental market: Demand for short-term rentals is high.
• Properties intended for tourist rentals on the rise: Investment in tourist properties is a growing market.
• Orlando can offer more affordable properties compared to other similar markets such as Miami, which tends to have higher prices, especially in coastal areas and the financial center.

Average sales values:

• Average sales prices of Single Home type residential properties: Orlando has a particularity and that is in having more affordable properties for investors compared to similar markets such as Miami. At the end of 2023, on average in Orlando the sales price stood at $402 thousand USD compared to $548 thousand USD in Miami.

Average time of days on market:

• An interesting aspect is the average time that a Single Home type property lasts on the market. This is dynamic behavior and fluctuates depending on the characteristics of supply and demand. At the end of 2023, approximately 32 days are spent in Orlando to achieve the sale of a property compared to Miami, which tends to be 58 days.

Orlando's real estate market has been one of the most dynamic in the United States. The city offers a wide variety of investment options. Orlando's population growth and tourist appeal create constant demand for housing, which has led to an increase in property prices and long-term value appreciation.

Additionally, Orlando is a very popular tourist destination, making it an ideal place to invest in short-term rental properties. The city has a large number of tourists looking for accommodation near theme parks and other attractions. Platforms like Airbnb provide the opportunity to generate significant income through short-term property rentals.