Orlando is located in the central region of the state of Florida. Tourism plays a major role in the city’s economy, it’s one of the most visited cities in the US with over 50 million tourists every year. The real estate market has seen massive highs and crushing lows. In the housing boom it saw appreciation rates near a staggering 40%/year, and correspondingly prices dropped at around 40%/year after the crash. The south Florida region is getting a lot of investor attention, many properties can be bought well below what it would cost to rebuild them.
Statistics for Single Family Homes and Condos in Orlando, FL
Employment by Sector and TrendsNote: Recessions shown in grey