With a combined population of 3.3 million residents, Orlando is fueled by job seekers, baby boomer retirees, and students. The population is expected to increase by 1.5% in the next year, so demand for housing is likely to increase.
Orlando is located in the “sun belt” region of the United States, and is known for it’s many nearby beaches, lakes, parks, entertainment and sports. The area is ranked as the #1 tourist destination in the country with Disney World, Universal Studios and Lego Land, which bring about 52 million visitors to Florida every year.
Resorts and hotels generally dominate job growth, but now health care is becoming the fastest growing industry for the Orlando/Tampa area, creating jobs in transportation, sales, and personal service. It is also home to many educational centers, including the 2nd largest University in the country: the University of Central Florida. Orlando is known as a “cheap and cheerful” area for people to live, offering a high quality of living at a reasonable cost. It is a judicial state that favors property owners, has a state government that encourages new jobs and opportunities, and does not have any state income tax. The cost of living is 2.8% below the national average due to its low taxes, affordable real estate and thriving business climate.