2023 Housing Market Overview
Orlando Real Estate Market 2023
Orlando Real Estate Market Overview
Metro Population: 2.7 M
Median Household Income:$55,000
Median Home Price*:$374,000
Median Monthly Rent*:$1,987
Interested in investing in the Orlando real estate market in 2021? On this page you’ll learn about the housing market forecast, trends and statistics to help you make that decision.
Orlando is Florida’s fourth largest city and the 73rd largest in the United States. With an average of 51 million tourists visiting each year and a population density of 2,327 people per square mile, Orlando is a mix of both tourist attractions and residential housing.
Major attractions and resorts such as Disney World Resort and facilities such as the Kennedy Center create a constant demand for workers in the Orlando area. Orlando was ranked one of the 15 Best Big Cities for Jobs in a 2018 Forbes ranking of the best cities for job seekers.
The population of Orlando has grown at a rapid rate over the past five years. Greater Orlando, which currently has a population of 2.69 million people, will see its number rise to over 5.2 million by the year 2030 according to experts.
Students, retirees, and people who move to Orlando to find jobs are all increasing the demand for housing in the city. This increased demand creates favorable opportunities for real estate investing.
Orlando Housing Market Trends
Orlando Real Estate Market Trends & Forecast 2023
Orlando, located in the state of Florida, has been a popular tourist destination for decades. With so many tourists visiting the area each year and a growing number of residents choosing Orlando as their home base, it’s no surprise that Orlando is one of the strongest real estate markets in 2022 and into 2023.
Orlando is home to a number of successful companies and large-scale enterprises that bring both job opportunities and ongoing investment to the area. An estimated 500 people move to Orlando every week, making it the third fastest growing city in America.
Here, we’ll explore the top factors that make Orlando one of the strongest real estate markets of 2023, including job growth, population growth, and equity growth potential. Learn more about Orlando’s housing market, population trends, and employment numbers in the tabs shown above!
Major Employers in Orlando
Orlando Housing Market News
- "Strongest commercial real estate market in Q1 2022" - NAR
- "Hot market for built-to-rent communities" - Orlando Sentinel
- "Ranked #2 In America's Fastest Growing Cities" - Forbes
- "#2 Best City for Future Job Growth" - Forbes
- "One of 10 Great Cities for the 50+ Home Seeker" - AARP
- "2016 Desination: Orlando" - Worth
- "#1 Best City for First Time Home Buyers" - Business Insider
- "#1 Best Family Vacation in the US" - US News
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