Orlando is the fourth largest city in the state of Florida and the 73rd largest city in the United States. Located in Florida’s “sun belt” region, this city is known for its warm climate, beautiful beaches, and even more so for its world famous amusement parks, entertainment, and attractions.
With a combined population of over 2.6 million residents, Orlando’s real estate market is fueled by job seekers, baby boomer retirees, and students who want to live in a “cheap and cheerful” area that offers a high quality of living at a reasonable cost. For investors looking to invest in real estate, these are good signs.
This area has produced some impressive results for real estate investors already and this trend is likely to continue into 2021. To date, property prices are up, appreciation rates are increasing steadily, and the cost of living remains below the national average.