The red-hot market of Orlando isn’t showing any signs of slowing down, which makes it one of the most attractive places to buy rental properties.
But Orlando is a big city. There are plenty of attractive places to choose from, including:
And more. But not all areas yield a decent investment.
So, let’s go over the best places to buy investment properties in Orlando. We’ll cover important investor-oriented stats, including:
Let’s get started.
So, why is Orlando such a good investment market?
Orlando frequently ranks among the top cities to live in. It’s located in Orange County, Florida, where inhabitants enjoy balmy weather, world-class amenities, and a blend of urban and suburban living. What’s more, most residents live in rentals.
Orlando investment properties are attractive because of the low cost of living and high-quality of life (beach day, anyone?). It should come as no surprise that residents from all walks of life will find these features appealing when choosing their homes.
Orlando is also visited by approximately 70 million people every year, says Visit.com. It’s home to world-famous tourist attractions, like:
Further, Orlando continues to be one of the nation’s strongest markets in part due to the influx of buyers from high-tax and high cost of living areas.
According to the Orlando Regional Realtors Association (ORRA), home sales have increased by almost 50%, and home prices are showing no signs of slowing down. The report from May 2022 shows the median price for a home in Orlando was $379,950, which is a staggering $10,000 increase from April. This figure set a new record for the fourth month in a row!
So, if you’re sold on The City Beautiful, here’s where you might consider investing:
College Park is a hip neighborhood just outside of Downtown Orlando. It’s known for its abundance of green space, including the ever-popular Dubsdread Golf Course, as well as a burgeoning food scene and endless options for water recreation.
Median Sale Price: $657K
Change In Sale Price (Year Over Year): 51.7% (as of May 2022)
Day On Market: 45 days
Median Rent: $1,815
Renter Occupied Households: 33.17%
Median Household Income: $84,471
This area is, of course, characterized by the beautiful Lake Nona. Modern homes are situated on or near the water, with the USTA National Campus right beside the lake as well. Trendy eateries, outdoor adventure, and public parks only add to the charm.
Median Sale Price: $710K
Change In Sale Price (Year Over Year): 42% increase (as of May 2022)
Day On Market: 36 days
Median Rent: $1,912
Renter Occupied Households: 37.63%
Median Household Income: $88,132
Winter Park is heralded as the most established and renowned neighborhood in Orlando. Residents enjoy abundant green space, picturesque lake views, and the illustrious Charles Hosmer Morse Museum of American Art.
Median Sale Price: $431.5K
Change In Sale Price (Year Over Year): 17.4% increase (as of May 2022)
Day On Market: 36 days
Median Rent: $1,583
Renter Occupied Households: 35.3%
Median Household Income: $77,899
Interested in investing in a quiet, tranquil, and highly-desirable area? Baldwin Park is yet another stunning place to explore in Orlando. This neighborhood was home to the former Naval Training Center, but now boasts two lakes, sprawling green space, and plenty of charming retail establishments.
Median Sale Price: $647.5K
Change In Sale Price (Year Over Year): 17.2% increase (as of May 2022)
Day On Market: 34 days
Median Rent: $2,129
Renter Occupied Households: 58.62%
Median Household Income: $98,750
Oviedo is located beside the University of Central Florida, which offers an array of potential renters. It boasts plenty of historical architecture (and charm), new developments, and endless options for recreation and entertainment.
Median Sale Price: $511K
Change In Sale Price (Year Over Year): 20.1% increase (as of May 2022)
Day On Market: 37 days
Median Rent: $2,120
Renter Occupied Households: 22.16%
Median Household Income: $98,922
This neighborhood has major appeal, as it’s located right next to the Walt Disney World Resort complex. Residents enjoy high walkability, natural beauty, and plenty of lake access, including ideal fishing conditions.
Median Sale Price: $381K
Change In Sale Price (Year Over Year): 34.1% increase (as of May 2022)
Day On Market: 43 days
Median Rent: $1,700
Renter Occupied Households: 55.53%
Median Household Income: $40,826
So, which market caught your eye? Of course, the right investment location will depend entirely on your investor goals and preferences. Whatever those may be, let’s work together to build your legacy.
Like much of the real estate investing process, choosing a location is not a one-size-fits-all process. The right area will depend on your resources, goals, and preferences, and there are pros and cons to each and every one. Luckily, you don’t have to go it alone.
If you’re ready to buy your first (or next) investment property, here are 3 steps to get started today:
Mehedi is a freelance writer for marketing, SaaS, and personal development businesses. He’s the founder of PowerhouseBlogger. Mehedi is growing businesses with sizzling writing, one piece at a time.