Real Estate in Orlando

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Real Estate in Orlando

According to Neighborhoodscout report, Orlando has approximately 112,000 homes (single-family homes, apartments, vacation homes, townhomes, etc.), and an average value of $206,000 per home. The same report shows that the percentage of tenants is 65.2%, which represents a great opportunity to invest in real estate and put the homes up for rent.

The per capita income in Orlando is $29,930, which is below the country’s average of $32,621. The family income in Orlando is $48,511, lower than the average in the United States, $60,293. These incomes are reflected in the percentage of people who rent houses, and it occurs because the main industry is tourism, and although many of them have stable jobs, the income is relatively low in relation to the country average.

The most common type of housing in Orlando are apartments. Apartment complexes represent 49% of the houses in the city, followed by single-family houses that represent 32.5% of the total homes.

In relation to the year of construction of the homes, just under half (47.7%) were built between 1970 and 1990. 30% of the houses have been built since 2000. Orlando is a city with a large potential in real estate, has a lot of land available to build and currently there are countless projects under construction.

Interested in investing in Vacation Homes?

Appreciation rates in Orlando

For the past 10 years, Orlando has undoubtedly been recognized nationally for obtaining the highest home appreciation rates in the country. The appreciation of real estate in the city has increased by 56.89% during this same period of time, which corresponds to an annual appreciation of 4.61%. If you have considered buying a house in Orlando or if you are a real estate investor, Orlando is considered one of the best long-term real estate investment options in the United States for the last 10 years.

The appreciation percentage is so high in Orlando that despite a recession in the country, real estate in the city continues to appreciate in value. In recent years, short-term investors have increased their fortune by investing in Orlando. Compared to Florida, the appreciation rate of Orlando is 70% higher than the rest of Florida’s cities and towns.

What Makes The Orlando Real Estate Market Attractive?

Here are some of the reasons that make Orlando an attractive destination for real estate investing:

  • Orlando is a city with environments for all tastes and lifestyles. The city has more than 100 beautiful lakes and a variety of landscapes with a variety of colors that makes Orlando recognized with the name “the City Beautiful”, the beautiful city, although many call it “The world capital of theme parks “.
  • According to a Forbes report, Orlando ranked second among the fastest growing cities in the United States.
  • There is no doubt that the presence of Disney World, Universal Orlando and other theme parks make Orlando an attractive place to invest in real estate. Many of the investors buy vacation homes to visit the parks every year and also earn money by renting the houses per day to other tourists.
    The appreciation rate of real estate in Orlando has been one of the highest in recent years.
  • The percentage of people who rent houses in the city is 65.2%, so if you want to invest in real estate to rent long-term, you will also have great opportunities.
  • The unemployment rate in Orlando in 2019 according to U.S. Bureau of labor statistics was 2.5%.
When you first buy a home, my wife and I had a lot of questions, fears, anxiety, which is why we spoke to many realtors in Orlando before taking the plunge and we were happy to take that plunge with Alexander and Monica. Their customer service, attitude, and knowledge are unmatched. Thank you for all of your time and advice. You both were a tremendous help!
by Keith Jablon
Home Buyer
My wife and I have moved 10 times in the last 30 years due to my work, and obviously we have dealt with many Realtors both for sale and purchase. I must say that Orlando Homes Sales has been by far the best team of real estate agents we have worked with, their professionalism, experience, responsibility, attention to detail was exceptional! Do yourself a favor and buy or sell with them.
by Kathy & David
Home Seller
After working with Orlando Homes Sales to sell my house, I was convinced that I would always work with them. Since then I have bought 2 properties and sold one, and in each process I have obtained the best results. It really is a pleasure to work with real estate agents who care about the interests of their clients.
by Luis Rodriguez
Home Seller
Our experience with Orlando Homes Sales could not have been better. We were first time home buyers with very little knowledge of how to find the perfect home. As soon as we met Monica and Alex we realized that they were the right Realtors to buy our house in Orlando.
by Julian Andrade
Home Buyer
We couldn't be happier with the way the Orlando Homes Sales team worked with us on our investment in buying a home in Orlando. They are extremely responsive and proactive. We weren't sure what the home buying process would entail or how much work it would take, but with the experience they have, everything went smoothly. We have our house rented for $ 2,100 and we pay $ 1,450 in mortgage.
by Luiz & Josefa
I recently sold my Hunters Creek home through Orlando Homes Sales, and while this is a very stressful process, I felt 110% confident in going through this process with Monica. He shared a lot of really helpful advice with me, and he negotiated and closed the sale brilliantly.
by Mike Morales
Home Seller
It was the first time we had purchased a home as an investment, so it took us a while to find the best real estate agents in Orlando. We decided to work with Orlando Homes Sales after seeing all the testimonials on their website and we were lucky to have chosen them. They provided us with an incomparable service, providing us with all the information we needed to know to make the decision to invest in Orlando. We were lucky to find them.
by Nuno & Adella
I live in South America but I always had the dream of investing in a vacation home in Orlando, where I could get a financial benefit and at the same time take my family to the parks every year. I found Orlando Homes Sales through Google and when Monica called me, I realized right away that she was the Realtor I needed to invest in Orlando. Anyone who wants to invest in Orlando real estate, Orlando Homes Sales will be your best ally.
by Ricardo Gomez
We were very fortunate to have found the Orlando Homes Sales website when we Googleed to buy a home in Orlando. Monica is definitely a very experienced real estate agent who gave her all to help us make our dream come true. Thanks for your patience, you are the best realtor
by Ricky Guerrero
Home Buyer

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