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Orlando, FL real estate prices overview
Searching homes for sale in Orlando, FL has never been more convenient. With Point2, you can easily browse through Orlando, FL single family homes for sale, townhouses, condos and commercial properties, and quickly get a general perspective on the real estate prices. You can also filter listings based on price drops in the past six months, so you’ll never miss a bargain.
Data and tools for your benefit
Get instant access to a lot of relevant information about Orlando, FL real estate, including property descriptions, photos and demographic stats. You can also use the map view to find homes and apartments for sale based on amenities in Orlando, FL that you may want close by. There’s information on the Orlando, FL real estate market at the bottom of search results pages, if you’re looking for an overview of the area. If you’d like to work with a professional, contacting real estate agents in Orlando, FL is very easy. All you have to do is check the details for your favorite real estate listing, and use the form there. Or, if you’d like more options, click on the Tools tab and Find an Agent.
There are 466 homes and apartments for sale in Orlando, FL.
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The city of Orlando is located in central Florida and is the seat of Orange County.
In 2017 it had a population of 280,257, making it Florida's fourth largest city, and it is growing quite rapidly.
The Orlando metropolitan area, which was home to an estimated 2,509,831 people in 2017, is the third-largest in Florida and the twenty-third largest in the U.S. The relatively low city population compared to the metropolitan population is due to the many unincorporated communities here.
The city is known as The Theme Park Capital of the World, with seven of them in the list of the top 10 most visited in North America.
72 million visitors came to Orlando area in 2017, making it the most popular destination in the U.S. This ensures that Orlando International Airport is the busiest in Florida and the eleventh-busiest in the U.S.
Walt Disney World is positioned southwest of Downtown, but most of the other attractions are situated along International Drive. The city is also a popular place for holding conferences and conventions.
The Orlando area has a healthy real estate market, and it is spacious with quite a low population density, making it a tempting market for buyers.
Orlando has been called “The City Beautiful,” and in 2009 it ranked as the fourth-most desirable American city to live in. The economic success of the tourist sector here has helped fund expansion in infrastructure. The population here is diverse, and the size of the Hispanic/Latino community ensures there are four public television stations offering Spanish language transmissions. The city is also said to be one the most tolerant cities in the Southeast regarding the LGBT community.
Golf is a popular pastime here, and there are numerous courses—the city is also the home of NBC sports' Golf Channel cable network. In the 1990s the city’s electronic dance music scene was famous, and the area still produces interesting sounds.
Entertainment and Tourism
Orlando’s tourism sector is enormous, and the city now has a world-record number of entertainment attractions. In addition to Disneyworld, Universal Orlando Resort was opened in 1990 and has not only entertainment related to the film industry but also a water park and other attractions. Orlando also produces a higher-than-average share of television entertainment.
For theater lovers, the Bob Carr Performing Arts Centre has a tradition of hosting Broadway tours. This venue has been supplanted in some respects by the Dr. Phillips Center for the Performing Arts. The annual Orlando International Fringe Theater Festival attracts international touring companies and has been called "the most unique cultural event in Florida." The new Orlando Eye is another magnet for visitors, taking them 400 ft high above the ground.
The Orlando metropolitan area has other cities and many suburbs within its boundaries. Living in these places is often less expensive than in Downtown, and some of them have access to the tourism for which the area is famous. We present three of the most interesting here:
Winter Park is an independent city that is a well-known destination for northern snow birds. One of the most famous landmarks here is Rollins College, where both Ronald Reagan and Barack Obama gave speeches in their time, and which offers a lot for classical musical enthusiasts. The Charles Hosmer Museum of American Art holds an interesting assortment of items, including a large collection of works by American designer Louis Tiffany.
Lake Nona is an up-and-coming neighborhood located in the southeast part of Orlando. It is a mixed-use planned community which offers homes for families from different socioeconomic backgrounds—though most newcomers tend to be in the wealthy bracket—and has recently seen a lot of new developments. Lake Nona’s status is enhanced by the presence of the Lake Nona Golf & Country Club, and it is also a medical research hub.
Downtown Orlando is the city's central business district and its historic core. It generally considered to be bordered by Mills Avenue to the east, Marks Street to the north, Kaley Avenue to the south, and Orange Blossom Trail to the west. Included within Downtown are several distinct neighborhoods, for example South Eola, North Quarter, Thornton Park and Parramore. Lake Eola is a popular destination in this area.
College Park is a neighborhood close to downtown Orlando which is popular among both young professionals and older people. It offers attractive homes, lakes and many green spaces, and in addition has great shops and restaurants. The place is also on the literary map as it was the home of Jack Kerouac when his book On the Road was published—the house where he lived now operates as a non-profit project for writers.
As you would expect in a place with an economy as successful as Orlando’s, there are many good quality properties for sale. Those who want the full Florida experience with a swimming pool and plenty of space won’t be disappointed, while those who’d like to live closer to the heart of the city will find apartments and condos at a range of prices.
Orlando real estate has made one of the most successful recoveries from the global financial crisis, and it had another good year in 2018. One important factor has been the abundance of developable land here. The real estate market is also considered to be a good bet for investors in 2019, though some potential homebuyers may of course be frustrated by rising prices.
Median Home Price: $226,500
Average Rent Price: $1,389
Median Condo Price: $125,000
Property sales figures source: the Orlando Regional Realtor® Association, January 2019.
Public education in Orlando is managed by Orange County Public Schools, and they run nineteen high schools and many others for different age ranges. Saint James Cathedral School, Forest Lake Academy, and Orlando Christian Prep are some of the public schools in Orlando City. Between the years 2000 and 2008, school enrollment increased by 6% while the number of teachers increased by 20%.
The University of Central Florida is a very important institution here, and the city also boasts two other state universities in the form of Florida A&M University College of Law and Florida State University College of Medicine. In addition, there are Valencia College and Seminole State College of Florida and many private universities.
Economic Overview & Outlook
Orlando’s economy was certainly hot in 2018, and as the entertainment and tourism sector shows no sign of slacking, the economic outlook currently looks positive. The city’s medical sector is also booming. In addition, Orlando has diverse manufacturers such as the engineering firms General Dynamics, Mitsubishi and Siemens, and it has plenty of input from the US armed forces as it is near to Cape Canaveral, Kennedy Space Center and Patrick Air Force Base.
The city’s economic output is projected to grow at a rate of 3.3% in 2019/2010, a big increase from the $127 billion recorded in 2016 to $150 billion. Orlando also has high participation in the labor pool—64.8%. Some have predicted a possible slowdown at some time, but this will be relative to the high levels of success that the city has been achieving.