With an estimated population of 287,442, Orlando is the fourth-largest city in Florida. It is home to the iconic Linton E. Allen Memorial Fountain and the Orlando International Airport, which welcomes millions of visitors each year. Traffic ranges from tourists to convention attendees, as the city hosts a plethora of major events on an annual basis.
In Orlando, the average listing home price sits at $275K, with an average listing home price per square feet at $158. The homes here can go for as high as over $8 million, though. Many of the homes for sale receive multiple offers and sell 2% below the list price. On average, homes stay on the market for 23 days, but hot homes can go on pending in just 6 days. Baldwin Park is Orlando’s most expensive neighborhood, with a median listing price of $584.8K. Meanwhile, the city’s most affordable neighborhood, Rosemont, has a median listing price of $106K.
Real estate investors continue to flock to Orlando for its many lucrative opportunities. The rental property market here is very hot, as the city enjoys millions upon millions of visitors every year. Apart from its many tourist attractions, the city is also home to big conventions, several golf courses, world-class shopping outlets, and a booming industrial and tech economy. Whether you are looking into buying property for short-term rentals, long-term rentals, or just for personal use, there is no doubt that Orlando is a good place to start.
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