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

http://www.lakenona.com/

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

https://www.kissimmee.org/

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

https://www.orlando.gov/Home

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

https://www.cityofoviedo.net/

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

https://cityofwinterpark.org/

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.