State: Florida
In central Florida, Orlando has been a popular vacation destination for decades. Top-rated theme parks, nearby beaches, and beautiful year-round weather are primarily to thank. Thousands of tourists visit Orlando each year with an endless array of fun things to do. Countless others, young professionals, families, and retirees alike, relocate to the area, making Orlando home.
Nicknamed "The City Beautiful," Orlando has a thriving real estate market. With limited inventory and home appreciation rates above the national average, home sales in Orlando are predicted to be on an upward trend for the foreseeable future, making the area a wise choice for homeowners and real estate investors looking for Orlando investment property.
Home values in the Orlando area are booming due to the above-average public schools, plentiful job opportunities, and the cost of living substantially below the national average. Coupled with the fact that the area is culturally diverse and offers unlimited choices for recreational activities, Orlando is gaining new residents at a consistent rate. Here are a few of Orlando's most popular neighborhoods:
Other areas in Orlando worth checking out include:
Over the past several years, Orlando has been ranked as one of the best places to buy a rental property. With an Orlando property management firm on board, renters can trust that they'll be well taken care of no matter the weather or issue, which is quite the relief to some.
The Orlando real estate market is flourishing based on reports of cash flow, affordable home prices, and a growing population and job market. While single-family homes and townhomes are popular with renters, multifamily properties, like condos and apartments, are most in demand.
The hot rental market in Orlando shows no signs of slowing down anytime soon. Investment opportunities abound in Orlando, FL, including short-term rentals, like vacation homes, and long-term rentals occupied by area residents. With a persistent shortage of viable housing and increased property taxes throughout the state, rental income for investors is at an all-time high.
The population of Orlando is on the rise. The area welcomes an estimated 1,000 new residents each week, and that's been the case for the past several decades.
The continued population boom can be attributed, at least in part, to a growing, diversified job market. In recent years, Orlando has been a steady leader in job growth. The top employers in the area are Walt Disney World and Universal Studios, Walmart, Orange County Public Schools, and the State of Florida government.
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