Orlando Real Estate Market Analysis

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Orlando Real Estate Market Performance

Illustration CityOrlando, FL
Homes For Sale
1,514
Average Rental Income
$2,688
Traditional
$2,129
Airbnb
Investment Properties
1,901
Traditional
1,478
Airbnb
Occupancy Rate
93%
Traditional
49%
Airbnb
data trendsOptimal Strategy
Traditional
logoDiscover Orlando

The city of Orlando is located in Central Florida and has a population of 307,573. It is the 4th biggest city in the state and the 67th most populous in the nation. The Orlando real estate market benefits from an exceptional population growth. Compared to the national growth rate of 7.4% from 2010 to 2020, Orlando’s population increased by 29.1% over the same period. And with a high price to rent ratio of 21 according to Mashvisor’s data analytics, Orlando rental properties are in high demand.

The local economy of Orlando remains strong despite the COVID-19 pandemic, with the number of new jobs increasing by 3.9% year-over-year. Orlando is home to many fast-growing industries. Plus, its tourism and entertainment sectors continue to boost the city. Some of the world-famous attractions it hosts include Walt Disney World, Sea World, and Universal Orlando Resort. The city welcomes over 70 million visitors every year, 65% of whom travel during the summer alone.

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infographic
Sources: NeighborhoodScout
37%
Mashmeter
Dynamic market opportunity score
Cash on Cash Return
5%
Traditional
2%
Airbnb
Cap Rate
7.76%
Traditional
4.51%
Airbnb
Median Property Price$385,000Average Price/Sq.Ft.$315Average Days on Market91Price to Rent Ratio13Market State

Seller’s market

Homes for Sale in Orlando

Find Properties
$398,000
MLS O6073902
17738 STERLING POND
Orlando, FL 32820
Vista East
Single Family Residential
4 beds2 baths1,861 sq.ft.
CAP RATE
Trad. 5.91%Airbnb 7.96%
$395,000
MLS O6066478
1428 TIMBERBEND CIRCLE
Orlando, FL 32824
Boggy Creek
Single Family Residential
4 beds3 baths2,029 sq.ft.
CAP RATE
Trad. 6.61%Airbnb 7.95%
$425,000
MLS O6064859
333 CRISAN COURT
Orlando, FL 32824
Boggy Creek
Single Family Residential
4 beds3 baths2,045 sq.ft.
CAP RATE
Trad. 6.53%Airbnb 7.94%
$355,000
MLS O6050287
13129 BOULDER WOODS CIRCLE
Orlando, FL 32824
Boggy Creek
Single Family Residential
3 beds2 baths1,341 sq.ft.
CAP RATE
Trad. 5.53%Airbnb 7.90%

Orlando Homes for Sale

Homes for Sale
1,514

If you want to invest in the Orlando real estate market, now is the perfect time to do so as property prices continue to rise. Aspiring residents who have been priced out of the market will opt to rent instead. Plus, tourists will definitely visit Florida again and stay in the city. The Orlando housing market has a variety of residential properties for sale. Investors can find condos, single-family homes, townhouses, multi-family homes, and even unique residences.

Prices of Orlando investment properties range from $55,000 to $3,840,000. The available listings range from newly built homes to foreclosures and off-market properties. Each Orlando neighborhood is optimal for different rental strategies, whether you want to lease out a home or put it up on Airbnb.

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Best Neighborhoods in Orlando for Buying Investment Property

The Orlando real estate market is divided into 115 neighborhoods. Each of them is optimal for either traditional rental or Airbnb. So make sure that the area you are interested in is best suited for your chosen rental strategy. You can determine this by looking at comparable properties in the area. You must then calculate their rental income, cash flow, and cash on cash return. Mashvisor’s Neighborhood Analytics also has this information ready for you. It even recommends which strategy is profitable in the area.

Neighborhood Analysis in the Orlando Real Estate Market

Lake Nona Estates
Orlando, FL
70%
Mashmeter
property price
2409632
Median
cap rate
1.21%
Traditional
0.46%
Airbnb
rental income
$2,433
Traditional
$916
Airbnb
homes for sale
3
occupancy rate
33%
Airbnb
South Division
Orlando, FL
69%
Mashmeter
property price
266283
Median
cap rate
4.97%
Traditional
12.47%
Airbnb
rental income
$1,103
Traditional
$2,767
Airbnb
homes for sale
6
occupancy rate
49%
Airbnb
Rosemont
Orlando, FL
69%
Mashmeter
property price
288650
Median
cap rate
5.74%
Traditional
8.93%
Airbnb
rental income
$1,381
Traditional
$2,147
Airbnb
homes for sale
10
occupancy rate
72%
Airbnb
Airport North
Orlando, FL
68%
Mashmeter
property price
286750
Median
cap rate
6.99%
Traditional
6.29%
Airbnb
rental income
$1,670
Traditional
$1,503
Airbnb
homes for sale
1
occupancy rate
43%
Airbnb
Mercy Drive
Orlando, FL
68%
Mashmeter
property price
229900
Median
cap rate
6.95%
Traditional
12.22%
Airbnb
rental income
$1,332
Traditional
$2,342
Airbnb
homes for sale
1
occupancy rate
63%
Airbnb

Orlando Rent Prices

RENTAL STRATEGY STUDIOS 1 BEDROOM 2 BEDROOMS 3 BEDROOMS 4 BEDROOMS
Airbnb$1,135$1,415$1,687$2,205$3,913
Traditional$1,220$1,306$1,623$2,135$2,436

Orlando Property Trends

trends

The city of Orlando is home to more than 307,000 people as of 2020, up by 9.5% since the previous year. Experts estimate that the population will grow by an average of 2% every year. Thus, traditional rental investors will have an easy time finding a tenant in the Orlando real estate market. Airbnb rental investors will not be left behind, either. The city expects to welcome over 70 million visitors as tourism bounces back to meet pent-up travel demand. Short term rental owners will definitely see their Orlando investment properties booked almost 100% of the time.

Orlando Real Estate Appreciation and Property Values

Property values in the city of Orlando have appreciated by 153.1% since 2000 at an average annual rate of 4.36%, and they are still going up. According to Mashvisor, the median property price as of January 2022 was $426,921, up 47.8% year-over-year. Despite this, home prices are more affordable compared to the state ($609,596) and the rest of the country ($479,126). These factors alone are why buying an Orlando income property makes for a lucrative real estate investment.

However, the Orlando real estate market is currently a hot seller’s market. There is a limited number of homes for sale, while demand from homebuyers and real estate investors continues to rise. It is the combination of record-low shortage of housing supply and surging demand that contributes to the high real estate appreciation.

Orlando Homes for Sale Below Median Price

Find Properties
$398,000
MLS O6073902
17738 STERLING POND
Orlando, FL 32820
Vista East
Single Family Residential
4 beds2 baths1,861 sq.ft.
CAP RATE
Trad. 5.91%Airbnb 7.96%
$395,000
MLS O6066478
1428 TIMBERBEND CIRCLE
Orlando, FL 32824
Boggy Creek
Single Family Residential
4 beds3 baths2,029 sq.ft.
CAP RATE
Trad. 6.61%Airbnb 7.95%
$425,000
MLS O6064859
333 CRISAN COURT
Orlando, FL 32824
Boggy Creek
Single Family Residential
4 beds3 baths2,045 sq.ft.
CAP RATE
Trad. 6.53%Airbnb 7.94%
$355,000
MLS O6050287
13129 BOULDER WOODS CIRCLE
Orlando, FL 32824
Boggy Creek
Single Family Residential
3 beds2 baths1,341 sq.ft.
CAP RATE
Trad. 5.53%Airbnb 7.90%

Airbnb Calculator for Investment Properties in Orlando

Getting a good return on investment on your Airbnb rental property does not stop at finding the most popular location and buying the cheapest home. You must first analyze the profit potential of the listing before buying into the Orlando real estate market. The most efficient and accurate way to do this is by using Mashvisor’s Airbnb profit calculator to estimate key Airbnb metrics such as cash flow, cash on cash return, and cap rate. With Mashvisor, running an Airbnb business can be profitable for anyone.

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Orlando Airbnb Occupancy Rate

Airbnb occupancy rate is one of the most important metrics you need to understand when considering a property in the Orlando real estate market. Occupancy rate refers to the proportion of days in a month that an Airbnb investment property is booked to the number of days in a month it is made available for rent. In general, the higher the occupancy rate, the more revenue your rental will generate.

Short term rental properties in Orlando had a 49% Airbnb occupancy rate on average as of January 2022, according to Mashvisor’s data. Even though they booked less than half of their available nights, they still earned enough income to generate a 1.53% cash on cash return. The secret here is to charge the right daily rate that will be enough to turn a profit despite having vacant days.

You can use Mashvisor’s Airbnb estimator to estimate the Airbnb occupancy rate of a property based on comps in the area. Our data comes directly from active Airbnb listings and our calculations are verified by active Airbnb hosts.

Airbnb Occupancy Rate Calculator
Orlando Airbnb Occupancy Rate by Number of Bedrooms

Top Orlando Airbnb Properties

Find Properties
$94 per night
$125 per night
Entire home/apt · 5 beds
Moniker Manor (entire home near downtown)
615
$139 per night
Entire home/apt · 2 beds
UPSCALE LOFT SPACE CLOSE TO DOWNTOWN.
574
$105 per night

Orlando Airbnb Investment Analysis

Orlando is one of the most-visited cities in the world thanks to world-famous attractions and major events and conventions. As the full-blown pandemic is starting to wane, more people feel comfortable with traveling and have the money to spend for it. The optimistic travel sentiment will benefit not only the tourist attractions but also short term rentals in the Orlando housing market.

The one big challenge, however, is that because of the city’s popularity, Orlando is already saturated with short term rentals. Mashvisor’s data analytics found 1,041 active Airbnb listings in the area as of January 2022. These properties earned an average of 1.53% cash on cash return over the last 12 months.

This does not mean that we do not recommend investing in an Airbnb property in Orlando. You still have a good chance of attracting some of the 70 million tourists to book your rental. But to achieve that, you have to be smart about your rental acquisition strategy. Mashvisor can help you search for properties in the Orlando real estate market and analyze their profit potential.

Airbnb Growth and Regulations in the Orlando Real Estate Market

trends

Orlando Airbnb with its booming tourism industry has experienced massive growth over the years. It was one of the ten most booked cities at the beginning of 2018 and continues to be a popular Airbnb destination. Because of this, city officials legalized short term rental properties in the summer of 2018. But there was one big exception: non-owner-occupied Airbnb investment properties were outlawed. The only way an Airbnb real estate investor can legally operate is by acquiring a duplex or another multi family home, living in one unit, and then renting out the other.

The owner of an Airbnb Orlando rental property must be on-site during the guests’ stay. They are also not allowed to have more than one booking at a time. Up to two guests can stay in a room. Lastly, only four non-family members at most can stay in an Airbnb rental property at one time.

Orlando Airbnb hosts will also have to register with the city at an initial fee of $275 for the first year and $125 for every year after that. There are also lodging taxes in place that hosts will have to collect from guests and remit to the city. Most of the major short term rental platforms automatically charge these from the guests and remit to the city, county, or state on behalf of the hosts.

Any Airbnb regulation put in place by the city will not override any existing neighborhood or HOA rules. So make sure that the Orlando neighborhood you are buying a property in allows Airbnb rentals before committing to your purchase.

Orlando Rental Properties and Rent Prices

Orlando Property Analysis
Rental income
$2,688
Traditional
$2,129
Airbnb
Price To Rent Ratio
13
Cash on Cash Return
5%
Traditional
2%
Airbnb
Cap Rate
7.76%
Traditional
4.51%
Airbnb
Occupancy Rate
93%
Traditional
49%
Airbnb

The Orlando real estate market is known to be one of the best places to buy a rental property in the entire US housing market. Stable returns, affordable property prices, and a growing population are some of the factors that make it a desirable location.

In 2021, Orlando along with the entire State of Florida had some of the highest rent hikes in the country. Americans flocked to the Sunshine State for its warm climate and tax-friendly environment. Looking at the recent statistics in the Orlando rental market, this trend is likely to continue. Experts are estimating that rent prices will rise by an average of 7% in 2022.

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Traditional Rental Properties in Orlando

trends

Traditional rent prices in Orlando rose by 11% over the past year according to Mashvisor’s data as of January 2022. About 64.6% of housing units are occupied by renters, which is no surprise as the price to rent ratio remains high at 21.

A studio apartment in the Orlando real estate market has a median price of $523,812. But it can be rented for $1,923 per month on average, according to Mashvisor’s data. Interestingly, a one-bedroom home is priced lower at $215,584 (median) and can be rented for $1,061 per month on average. Meanwhile, a two-bedroom home has a median property price of $382,814 and an average rental income of $1,388.

The most likely reason that an apartment costs more than a single-family home is the age of one- and two-bedroom single-family homes for sale. Meanwhile, many studio apartments have been built more recently and come with amenities not found in other property types. Those who want to buy an Orlando real estate investment of either size have to weigh the property price against the potential profit.

Orlando Homes for Rent

Find Properties
$1,200
MLS S5077658
$2,000
MLS O6075189
717 S HAMPTON AVENUE
Orlando, FL 32803
Lake Como
Single Family
2 beds1 baths855 sq.ft.
$1,500
MLS O6075406
$1,700
MLS S5077529

Orlando Transportation

41 / 100
Car-Dependent
33 / 100
Some Transit
57 / 100
Bikeable

Investors who want to buy a property in the Orlando real estate market should consider the walk, transit, and bike scores of the neighborhood.

With an average walk score of 41, Orlando is a car-dependent city. This means residents need a car to get most of their errands done. There are a few nearby public transportations, however. Orlando uses Lymmo for their bus service in the downtown area and the Lynx bus system for the rest of the city. SunRail, a commuter rail line, has also been servicing the city and its neighboring communities since 2014. Orlando also has some bike infrastructure.

Amenities in the Orlando Real Estate Market

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34 Educational Facilities

Educational Facilities in Orlando

Quality education is an essential feature in keeping the Orlando real estate market desirable. The city has 99 public elementary, middle, and high schools and 214 private schools. 46 of these high schools are considered the best by the U.S. News & World Report. There are also nine colleges and universities in the area, one of which is on the U.S. News & World Report’s Best Colleges rankings.

Top Schools

  • Hillcrest Elementary School
  • Orlando Gifted Academy
  • Orlando Science Middle/High Charter



Top Colleges and Universities

  • University of Central Florida
  • Orange Technical College - Mid-Florida Campus
  • Valencia College
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30 Banks

Banks in Orlando

Banking is an essential need for residents. Buyers and investors looking for a property in the Orlando real estate market should take this into consideration.

Top Banks and Credit Unions

  • Regions Bank
  • First Florida Credit Union
  • Chase Bank
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11 Healthcare Facilities

Healthcare Facilities Orlando

Having easy access to healthcare facilities is important to residents and visitors, and this quality is what makes the Orlando real estate market valuable. There are two non-profit hospital systems in the city: Orlando Health and AdventHealth. It is home to Central Florida’s only Level I trauma center and Level III neonatal intensive care units.

Top Healthcare Facilities

  • AdventHealth Lake Nona
  • Orlando Health Orlando Regional Medical Center
  • AdventHealth Orlando

Start your investment property search

Use analytics to find lucrative traditional or Airbnb properties in a matter of minutes.

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Additional Resources on the Orlando Real Estate Market

Real Estate Market Analysis for Investment