Orlando is also a fast-growing metropolitan area, with a population of over 2.6 million people. The city has a diverse economy, with sectors such as aerospace, defense, health care, education, and entertainment. Orlando is also a hub for innovation, hosting the Central Florida Research Park, one of the largest research parks in the nation. The city attracts many young professionals, students, and retirees who are looking for a high quality of life and affordable living costs. This creates a steady demand for long-term rentals, especially in the downtown area and the suburbs.

Orlando has experienced strong appreciation in home values over the past few years. According to Zillow, the median home price in Orlando was $378,000 in May 2023, up 11.1% since last year. The median sale price per square foot was $240, up 5.3% since last year. Zillow projects a 6.2% increase in home values over the next year . This means that you can expect to see a good return on your investment if you buy a property in Orlando now and sell it later.

Orlando offers attractive rental income for investors who want to generate cash flow from their properties. According to Redfin, the median rent price in Orlando was $1,800 in May 2023, up 5.9% since last year. The average rent per square foot was $1.61, up 6.6% since last year. The rent-to-price ratio was 0.48%, which is higher than the national average of 0.36%. This means that you can earn more from renting out your property than from paying a mortgage on it.