The Orlando area is one of the strongest real estate markets in the country with strength factors such as, job growth, population growth, and equity growth potential.
According to realwealthnetwork.com, the average home price is 23% below the national average in investment zones and .5% below the national average in the metro area.The monthly rent in the investment zones are 17% above the national average and 2% below the national average in the metro areas.This statistics indicate favorable values in the real estate market.
The 6-year equity growth projection is at a whooping 66% which is 61% above the national average.The 7-year Population (POP) Growth is at 17%, accounting for 227% of the national average. And finally the 1-year job growth rate is at 4.17%, which is 141% faster than the national average.Considering growth in these key areas there should be optimism for continued strength.
If you are looking to invest in the Orlando real estate, the signs are good. With a combined population of 3.3 million residents, the market is fueled by job seekers, baby boomer retirees, and students who see value for the lifestyle that offers a high quality of living at a reasonable cost.
Author:Ian Saunders Phone: 321-282-9624 Dated: January 4th 2019 Views: 228 About Ian: Whether you are buying, selling, or building your dream home, you have a lot riding on the performan...
View our latest blog posts in your RSS reader. Click here to access.