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 285,713 people, 111,674 houses or apartments, and a median cost of homes of $217,084, 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.
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 75.55% over the last ten years, which is an average annual home appreciation rate of 5.79%, 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.
Appreciation rates are so strong in Orlando that despite a nationwide downturn in the housing market, Orlando real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orlando appreciation rates continue to be some of the highest in America, at 5.51%, which is higher than appreciation rates in 73.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orlando. Orlando appreciation rates in the latest quarter were at 1.64%, which equates to an annual appreciation rate of 6.72%.
Importantly, this makes Orlando one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Orlando's latest annual appreciation rate is lower than 60% 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.
|$978,001 - $1,304,000||1.1|
|$652,001 - $978,000||4.3|
|$522,001 - $652,000||4.2|
|$391,001 - $522,000||9.0|
|$261,001 - $391,000||18.2|
|$130,001 - $261,000||35.4|
|$65,001 - $130,000||20.2|
|$0 - $65,000||6.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 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|