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Top 5 Central Florida Areas To Invest In
Central Florida is a booming place. Being a dream destination for tourists, retirees, and everyone in
between, the area boasts beautiful weather, beaches, Disney World, and other attractions. It’s also a key place for large employers, and has plenty of amenities, solid residential areas, and newer homes. It’s also ranked high as a best investment location in the United States. We at Transforming Property Solutions have found the Top 5 Central Florida Areas To Invest In. Read on for more!
LAKE NONA
County: Orange
Average Home Price: $398,761
Average Listed Home Price: $455,494
Population: 50,000
Rate of Unemployment: 2.5%
Current Home Value Growth: 0.7%
Projected Home Value Growth: 3.6%
Average Household Income: $101,785.47
Median Household Income: $81,807.00
Median List Price Per Square Foot: $188
Median Rent Price: N/A
Lake Nona has seen a lot of growth in recent years, especially in medical centers and hospitals, to the point the city is nicknamed Medical City. A lot of commuters to Orlando see Lake Nona as a great place to live, which opens up a market for investors. Housing also ranges from townhouses to luxury homes, which attracts many different families.
KISSIMMEE
County: Osceola
Average Home Price: $230,938
Average Listed Home Price: $259,900
Population: 71,104
Rate of Unemployment: 6%
Current Home Value Growth: 6.3%
Projected Home Value Growth: 5.5%
Average Household Income: $16,943
Median Household Income: $35,452
Median List Price Per Square Foot: $134
Median Rent Price: $1,600
Neighborhoods in Kissimmee generally offer lower homes prices--and lower property taxes. It’s great for investors to purchase an investment property at an affordable price! Young families and first-time home-buyers populate the area, as well as people wanting to rent properties to make use of the numerous attractions.
ORLANDO
County: Orange
Average Home Price: $257,983
Average Listed Home Price: $285,000
Population: 280,257
Rate of Unemployment: 2.8%
Current Home Value Growth: 2.8%
Projected Home Value Growth: 4.0%
Average Household Income: $69,685
Median Household Income: $55,089
Median List Price Per Square Foot: $163
Median Rent Price: $1,600
Living in Orlando is beneficial for both people looking to be in the middle of the city and investors looking for a good financial investment. Orlando has the second highest rental yield in the United States, and demand is high in the area as well. The city is one of the best places to invest in the country.
OVIEDO
County: Seminole
Average Home Price: $331,487
Average Listed Home Price: $386,000
Population: 40,785
Rate of Unemployment: 4%
Current Home Value Growth: 3.0%
Projected Home Value Growth: 3.7%
Average Household Income: $109,757
Median Household Income: $82,259
Median List Price Per Square Foot: $164
Median Rent Price: $1,800
Oviedo has a relatively stable economy due to the many employers in the area. Also close to the University of Central Florida, various people are attracted to the place both to rent and to buy. Oviedo is a growing city that still feels like a small town due to its farmer’s markets, airboat rides, and other amenities.
WINTER PARK
County: Orange
Average Home Price: $309,439
Average Listed Home Price: $408,995
Population: 30,879
Rate of Unemployment: 3.0%
Current Home Value Growth: 1.8%
Projected Home Value Growth: 3.6%
Average Household Income: $49,449
Median Household Income: $56,995
Median List Price Per Square Foot: $225
Median Rent Price: $1,675
Winter Park is a pleasant area for visitors and investors alike. With museums, boutiques, recreation and shopping centers, and diverse restaurants, there’s a lot to see and do. Investors can look in both short- and long-term properties in Winter Park’s established communities.
With the beautiful weather and pleasant neighborhoods, Central Florida is a great place to invest in! Transforming Property Solutions is located at 223 W 3rd St, Sanford, FL 32771. For more information, investors and realtors are encouraged to call 407-375-2317 or visit online at www.transformingpropertysolutions.com.
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