• Market Overview

Metro population:

2.5 M

Median Home Income:

$ 42,418

Unemployment rate:

2.9%

Median House Price:

$ 156,117

Median monthly rent:

$ 1,304

Orlando Real Estate Market Overview

Orlando is the fourth largest city in the state of Florida and the 73rd largest city in the United States. Located in Florida's “sun belt” region, this city is known for its warm climate, beautiful beaches, and even more so for its world famous amusement parks, entertainment, and attractions.

With a combined population of 3.3 million residents, Orlando's real estate market is fueled by job seekers, baby boomer retirees, and students who want to live in a "cheap and cheerful" area that offers a high quality of living at a reasonable cost. For investors looking to invest in real estate, these are good signs.

This area has produced some impressive results for real estate investors already and this trend is likely to continue into 2019. To date, property prices are up, appreciation rates are steadily increasing, and the cost of living remains below the national average.

More Reasons To Love Orlando:

  • Forbes reports that 72 million people visited the Orlando area in 2017, making it the most visited tourist destination in the country.
  • Rents grew by 2.5% in the last 12 months, which is higher than the national and state levels.
  • Orlando's population has grown 52% since the year 2000 and is expected to grow an additional 2.3% in 2019, which means the demand for housing is likely to increase.
  • Amazon Fulfillment brought 4,000 jobs to Central Florida, the current leader in job and population growth in the state.
  • Orlando was recently named the "hottest" single-family real estate market among the 50's largest US metro areas (Ten-X Research's quarterly report). According to the report, Orlando has been elevated to the nation's top market position due to limited supply, rising home values, ample jobs and income growth, especially in the leisure / hospitality sector.

Why invest here?

Orlando offers great opportunities to buy and hold real estate investments today. This is especially true for investors looking to invest in one of the fastest growing economies in the nation while prices are still below their pre-recession peaks.

Orlando Trends & Statistics 2018-2019

In this section, you'll learn about the top factors that make Orlando one of 2017's strongest real estate markets, including job growth, population growth, and equity growth potential. Explore Orlando's housing market, population, and employment trends in the tabs to learn more.


Data Sources:

Orlando real estate prices are slightly less expensive than other US markets today.

  • In January 2018 the median price of 3 bedroom single family homes in the Orlando metro area was $ 201,000. This is slightly below the national average of $ 202,000.
  • In the neighborhoods where RWN members invest the median price of 3 bedroom homes was $ 156,000 in January 2018. This is 23% lower than the national average of $ 202,000.
  • This shows us that property values ​​in Orlando are slightly less expensive than many other US markets today; in the neighborhoods where RWN members invest it's still possible to get great deals.

In some Orlando neighborhoods it is possible to generate strong monthly income.

  • In January 2018, the median monthly rent 3 bedroom homes in Orlando was $ 1,400, which is 0.70% of the purchase price of $ 201,000. This is just slightly below the national purchase-to-rent ratio of 0.71%.
  • In the neighborhoods where RWN members invest the median monthly rent of 3 bedroom homes was $ 1,300, which is 0.84% of the $ 156,000 purchase price.
  • This shows us that it is possible to generate strong monthly income in Orlando, especially in the neighborhoods where RWN members invest.
  • Another important thing to consider: Orlando home prices are still below their pre-recession peak, which suggests that prices have not reached bubble levels and will continue to grow in the coming years. Given the growing population, it is likely that rents will continue to rise as well.

Orlando home values ​​are appreciating much faster than other US cities.

  • In January 2012, the median price of 3 bedroom homes in Orlando was $ 110,000. This means that, in the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Orlando have appreciated by over 66%. This is 61% higher than the national average of 41% during this period.
  • This shows us that home values ​​in Orlando are appreciating much more quickly than other markets across the nation today.

Orlando rents are also rising much faster than other cities.

  • In January 2012, the median rent of 3 bedroom homes in Orlando was just under $ 1,400. This means that, in the last 6 years (Jan 2012 to Jan 2018), Orlando rents have appreciated by over 23% versus 17% nationwide.
  • This shows us, home values ​​and rents in Orlando are appreciating much more quickly than other markets across the nation today. Considering Orlando's rapid population and job growth, it's likely this trend will continue moving forward.

Orlando's population has grown 227% faster than the national average since 2010.

  • Since 2010 Orlando's population has increased by more than 17%. During the same period the national population grew by only 5%.
  • This shows us that Orlando's population is growing 227% faster than the national average. This means that Orlando is experiencing population growth at a much faster rate than most other US cities today.

Orlando is creating jobs at twice the rate of the national average.

  • In the past year, the number of jobs in Orlando has grown by more than 4% versus US annual job growth rate of under 2%.
  • This shows us that, in addition to rapid population growth, Orlando is also experiencing healthy job growth.
  • Both of these factors combined should continue fueling housing demand, which should keep sales elevated and drive further price gains in 2019 and beyond.
  • In addition to low property taxes and insurance, there is no state income tax. Add warm weather and exceptional health care and you can see why so many companies are relocating to Orlando.

Orlando is Still Affordable & Cash is Flowing

  • In the neighborhoods where RWN members invest the median price of 3 bedroom homes was $ 156,000 in January 2018. This is 23% lower than the national average of $ 187,000.
  • In the neighborhoods where RWN members invest the median monthly rent of 3 bedroom homes was $ 1,300, which is 0.84% of the $ 156,000 purchase price.
  • This shows us that property values ​​in Orlando are more expensive than many other US markets today, but in some neighborhoods it is still possible to buy affordable homes that will generate strong monthly cash flow.

Orlando Home Prices & Rents are Rising Quickly (with few signs of stopping)

  • In the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Orlando have appreciated by over 66%. This is 61% higher than the national average of 41% during this period.
  • During the same period, Orlando rents have appreciated by over 23% versus 17% nationwide.
  • This shows us that home values ​​and rents in Orlando are appreciating much more quickly than other markets across the nation today. Considering Orlando's rapid population and job growth, it's likely this trend will continue moving forward.

Orlando is Growing Rapidly

  • Since 2010 Orlando's population has increased by more than 17%. During the same period the national population grew by only 5%.
  • This shows us that Orlando's population is growing 227% faster than the national average. This means Orlando is experiencing population growth at a much faster rate than most other US cities today.

Orlando is creating tons of jobs.

  • In the past year the number of jobs in Orlando has grown by more than 4% versus the US annual job growth rate of under 2%.
  • This shows us that, in addition to rapid population growth, Orlando is also experiencing healthy job growth. Both of these factors combined should continue fueling housing demand, which should keep sales elevated and drive further price gains in 2019 and beyond.
  • Major Employers
  • News
  • "Ranked #2 In America's Fastest Growing Cities" - Forbes
  • "#2 Best City for Future Job Growth" - Forbes
  • "One of 10 Great Cities for the 50 + Home Seeker" - Aarp
  • "2016 Desination: Orlando" - Worth
  • "#1 Best City for First Time Home Buyers" - Business Insider
  • "#1 Best Family Vacation in the US" - US News
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Best known for its annual balloon fiesta and as part of the AMC show Breaking Bad, Albuquerque, New Mexico, is a culturally rich and naturally beautiful metropolitan area. Albuquerque is also one of the largest cities in the Southwest, with a diverse population and some of the country's leading high-tech research establishments, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an essential part of daily life in the city. With one foot in the past, one foot in the present and both eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call it home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)

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Lior Lustig

Lior Lustig Chief Executive - The Realestate Investor Forum

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.

The Real Estate Investor Forum, LLC is an educational company and is not acting as a real estate broker. Always seek the services of licensed third party appraisers and inspectors to verify the value and condition of any property you intend to purchase. Never send funds directly to a seller but instead use the services of professional title and escrow companies.

 

 

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