Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 285,713, 111,674 total housing units (homes and apartments), and a median house value of $212,942, 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 49.17% of the city's housing units. Other types of housing that are prevalent in Orlando include single-family detached homes ( 32.49%), duplexes, homes converted to apartments or other small apartment buildings ( 9.15%), and a few row houses and other attached homes ( 8.96%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Orlando is dominated by renter-occupied one, two, or no bedrooms apartments. 65.20% of Orlando's dwellings are rentals.
There is a lot of housing in Orlando built from 1970 to 1999 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 between 2000 and later ( 29.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.30%). There's also some housing in Orlando built before 1939 ( 3.03%).
Vacant housing appears to be an issue in Orlando. Fully 14.53% of the housing stock is classified as vacant. Left unchecked, vacant Orlando homes and apartments can be a drag on the real estate market, holding Orlando real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Orlando has experienced some of the highest home appreciation rates of any community in the nation. Orlando real estate appreciated 63.34% over the last ten years, which is an average annual home appreciation rate of 5.03%, putting Orlando in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orlando definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Orlando's appreciation rate, at 5.12%, has been at or slightly above the national average. In the latest quarter, Orlando's appreciation rate has been 0.69%, which annualizes to a rate of 2.79%.
Notably, Orlando's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Orlando's latest annual appreciation rate is lower than 50% 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 2000, to assist you in making the best Orlando real estate investment or home purchase decisions.
|$959,001 - $1,279,000||1.1|
|$640,001 - $959,000||4.3|
|$512,001 - $640,000||4.2|
|$384,001 - $512,000||9.0|
|$256,001 - $384,000||18.2|
|$128,001 - $256,000||35.4|
|$64,001 - $128,000||20.2|
|$0 - $64,000||6.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Orlando HOMES|
|2000 or Newer||30.0|
|1970 - 1999||47.7|
|1940 - 1969||19.3|
|1939 or Older||3.0|
|TYPE OF Orlando HOMES|
|Small Apt. Buildings||9.1|
|SIZE OF Orlando HOMES|
|5 or more bedrooms||1.80|