Orlando was ranked as one of the best places to buy rental property in 2022, based on key investment criteria such as cash flow, affordable property prices, and a growing population and job market. Looking at the recent statistics in the marketplace, it looks like that trend will continue through the year.
To make the market even more attractive, Florida has no state income tax and plenty of warm weather. Those are just two of the many reasons why so many people and businesses are relocating to Orlando from other urban areas with taxes and the cost of living are sky high.
Key Market Stats:
Median rent in Orlando is $2,190 per month for a 3-bedroom home, according to Zumper (as of June 2022).
Rents in metropolitan Orlando increased by 16% over the last year.
55% of the housing units in Orlando are occupied by renters.
Neighborhoods in Orlando with the lowest rents include Carver Shores, Spring Pines, and Rosemont North where rents are less than $1,200 per month.
The most expensive neighborhoods in Orlando for renters are Baldwin Park, Kirkman South, and South Eola with average rents as high as $3,829 per month.
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