Orlando, Florida is a great place for investment properties. There are nearly 100 distinct neighborhoods and suburban areas in which to search -- with house prices ranging from $7000-$25 million! You'll also find that many renter-occupied households live here too; 55% of the population according to Zumper rents rather than owning their homes outright. And as an added bonus, this metropolitan area features some incredible tourist attractions like Universal Studios Hollywood & Islands Water Park...making STR property more lucrative than ever before!
The Orlando area has been one of the most attractive places in America for real estate investors, with values increasing by 30% over this past year. buyer’s market conditions have caused home prices to skyrocket even more - making it an ideal location no matter what you are looking at!
The typical middle-priced homes stay on shelves less than two weeks before they're sold out or gone altogether; Meanwhile, rent prices continue apace while apartment buildings near the city center become increasingly difficult options due to both high costs and low inventory levels., many people opt instead just buy their dream house outright rather than paying rents every month.
Unfortunately, this great news for sellers comes with a bit of a downside: there’s been an uptick in home prices so fast that some people are being priced out of their beloved city. In just the past year, the average price per square foot for a home has increased by $106. This number is only going to continue to grow as the popularity of Orlando real estate increases.
If you’re thinking about making a move to this beautiful city or are already a resident interested in cashing in on the market, now is the time! Check out some of our favorite neighborhoods below and start your search for the perfect Orlando investment property today!
Park Lake-Highland
The Park Lake-Highland neighborhood in Orlando, Florida may be an up-and-coming area to consider for your next home. This more than 75% renter-occupied community has seen huge growth over the last few years with a ranking as one of the best neighborhoods by Niche.com: More so when you take into account that median sale prices have increased 23%. With only 4 days on market per year it's clear why there is such a high turnover rate among tenants! And if you're looking for an added bonus - this area is only about a mile away from downtown Orlando.
Lake Nona
This neighborhood is one of the newest in all of Orlando, and it's easy to see why people are clamoring to live here. With an increase in home values of over 50% in just the past year, it's clear that this is an excellent place to invest in property. With a median sale price of $360,000, it's still relatively affordable when compared to other parts of the city - but that won't be the case for long! If you're looking for an up-and-coming neighborhood with incredible potential, Lake Nona is the place for you.
Mills 50
This eclectic neighborhood is one of the most popular in all of Orlando, and it's easy to see why. With a Walk Score of 89%, it's clear that this is an incredibly pedestrian-friendly area. This is perfect for those who want to be close to all the action but don't necessarily want to live right in the thick of things. And with a median sale price of just $200,000, it's an affordable option for those looking to invest in Orlando real estate.
Downtown Orlando
Downtown Orlando is the perfect place to invest in real estate if you're looking for incredible potential. With a median sale price of $250,000, it's clear that there is still room for growth in this area. And with a Walk Score of 96%, it's clear that this is an incredibly pedestrian-friendly area. If you're looking for an up-and-coming neighborhood with incredible potential, downtown Orlando is the place for you.
Lawsona-Fern Creek
The friendly, dog-friendly neighborhood of Lawsona Fern Creek is home to a wide variety of architectural styles. You'll find bungalows and Tudor revivals just north of Lake Davis -Greenwood with nearly half the residents renting their homes! With such high prices for houses ($532K average), it's no wonder that only 46% are owner-occupied here; but if you're looking at renting instead then don't worry because median rent goes up pretty regularly within this area too: $904 per month as opposed to $731 elsewhere in Westmark county according to data from January 2019!
Coytown
The Coytown neighborhood is located near Orlando's historic center and has a mixed urban-suburban feel. The area also features many upscale amenities with the median sale price easily surpassing $400,000 dollars per square foot!
This makes it one of Central Florida’s most desirable neighborhoods for those looking to buy or rent their home; among other things, you'll find here such large homes on large lots (some as big as 7 acres!), beautifully manicured lawns that go all summer long without saying "let me turn these lights off," and private gated communities where homeowners can enjoy peace undisturbed.
There's also an easy commute to Downtown Orlando and all its shopping, dining, and entertainment options - not to mention the major employers in the area. And with a median rent of $1,600 per month, it's clear that this is an expensive neighborhood - but one that is definitely worth it!
Lake Formosa
Lake Formosa is a great place to call home. With its mix of urban and suburban living, the area offers residents many amenities without sacrificing affordability or character--a rare find these days! Located just minutes away from some top-rated hospitals as well as one-dollar theater tickets at Acts Theater Company, Lake Formosa makes it easy on your wallet while still providing all kinds of fun things like arts festivals throughout the summer months that you won't want to miss out on either.
Thornton Park
Thornton Park is often ranked the second-best neighborhood in which to buy a house between South Eola and Lawsona Fern Creek, with its mixed urban/suburban feel that includes plenty of parks restaurants bars coffee shops and nightlife all within walking distance. The average price per square foot here is just over $400 making it a great place to call home without breaking the bank.
And with its close proximity to downtown Orlando, you'll never find yourself bored or without something to do. If you're looking for an affordable, yet exciting place to live, Thornton Park is the perfect place for you.
So there you have it! These are just a few of the many great neighborhoods that Orlando has to offer. Whether you're looking for an affordable place to live or an up-and-coming neighborhood with incredible potential, there's sure to be a neighborhood in Orlando that's perfect for you.
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