Orlando, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Orlando Housing Market Information

With 287,442 people, 111,674 houses or apartments, and a median cost of homes of $218,239, 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%). 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.

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.

Orlando Home Appreciation Rates

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 76.28% over the last ten years, which is an average annual home appreciation rate of 5.83%, 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 3.91%, has been at or slightly above the national average. In the latest quarter, Orlando's appreciation rate has been 0.84%, which annualizes to a rate of 3.42%.

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 80% 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.

Average Home Values

 
info

Median Home Value:
$218,239

Orlando, FL HOME PRICES

> $1,311,000
1.3%
1.3%
$983,001 - $1,311,000
1.1%
1.1%
$656,001 - $983,000
4.3%
4.3%
$524,001 - $656,000
4.2%
4.2%
$393,001 - $524,000
9.0%
9.0%
$262,001 - $393,000
18.2%
18.2%
$131,001 - $262,000
35.4%
35.4%
$65,001 - $131,000
20.2%
20.2%
$0 - $65,000
6.2%
6.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
111,674

Orlando Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
116.86% 3.80%
5
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,567 / per month

Homeownership Rate

Owners
34.8%
34.8%
Renters
65.2%
65.2%
Vacant
14.5%
14.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
30.0%
30.0%
1970 - 1999
47.7%
47.7%
1940 - 1969
19.3%
19.3%
1939 or Older
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
32.5%
32.5%
Townhomes
9.0%
9.0%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
49.2%
49.2%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.2%
4.2%
1 Bedroom
19.8%
19.8%
2 Bedrooms
35.3%
35.3%
3 Bedrooms
30.1%
30.1%
4 Bedrooms
8.8%
8.8%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES