Orlando, Florida, is one of the most sought-after real estate markets in the U.S. due to its booming tourism industry, affordable home prices, and strong rental market.
Exploring Market Trends
Orlando’s real estate market has experienced steady growth, largely driven by its tourism industry, job market expansion, and increasing population. Investors can take advantage of long-term rentals and short-term vacation rental properties.
Exploring Neighborhoods
- Lake Nona – A growing area with new developments.
- Winter Park – A high-end area with great appreciation potential.
- Downtown Orlando – A mix of residential and commercial properties with strong rental demand.
- Kissimmee – A popular area for short-term vacation rentals.
Average Housing Cost
The median home price in Orlando is around $375,000.
Tax Deductions
- No State Income Tax – Florida does not have state income tax, increasing net rental income.
- Mortgage Interest Deduction – Investors can deduct interest on mortgage loans.
- Depreciation on Rental Properties – Properties can be depreciated over time, reducing taxable income.
- Vacation Rental Business Deductions – Cleaning fees, advertising, booking fees, and management services are deductible for short-term rentals.
- Property Management Fee Deductions – Investors using property management services can deduct these fees.
- Travel Expenses – If traveling for property inspections or management, airfare, lodging, and meals can be deducted.
Unemployment Rate
Orlando’s unemployment rate is approximately 3.7%, supported by the tourism and tech industries.
Median Rental Price
The median rental price in Orlando is around $2,100 per month, with short-term rentals generating higher income.
