Orlando appreciation rates and housing market information

Orlando housing market information

With 185,984 people, 88,636 houses or apartments, and a median cost of homes of $210,088, Orlando real estate prices are well above average cost compared to national prices.

large apartment complexes or high rise apartments are the single most common housing type in Orlando, accounting for 42.29% of the city's housing units. Other types of housing that are prevalent in Orlando include single-family detached homes (37.10%), duplexes, homes converted to apartments, or other small apartment buildings (13.25%), and a few row houses and other attached homes (6.84%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Orlando primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Orlando has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Orlando built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Orlando built from 1940-1969 (31.28%). A lesser amount of the housing stock also hails from 1995 and later (13.11%), and some were built from 1939 and earlier (13.11%).

Orlando home appreciation rates

Appreciation rates for homes in Orlando have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.71%, which ranks in the top 20% nationwide. This equates to an annual average Orlando house appreciation rate of 10.47%.

Over the last year, Orlando appreciation rates have trailed the rest of the nation. In the last twelve months, Orlando's appreciation rate has been -13.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orlando were at 0.16%, which equates to an annual appreciation rate of 0.64%.

Relative to Florida, our data show that Orlando's latest annual appreciation rate is higher than 42% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Orlando differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orlando - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Orlando real estate investment or home purchase decisions.