There are currently 272,632 real estate properties in Orlando, FL, with a median automated valuation model (AVM) price of $277,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orlando, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Orlando, FL, is $313,876.00, with the most expensive house in Orlando, FL, topping out at $29,200,000.00 and the cheapest home in Orlando, FL, clocking in at $20,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Orlando, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orlando, FL, is on a rollercoaster ride. The average rent price in Orlando, FL, is $1,570.00. Indeed, when looking to rent in Orlando, FL, you can expect to pay as little as $540.00 or as much as $5,740.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Orlando, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Orlando, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Orlando, FL and much more. Save thousands at closing with home foreclosure listings in Orlando, FL — up to 75% off market value!
Orlando is located in Orange, Florida, with an estimated municipal population of 287,442 residents. All of the best foreclosed homes for sale in Orlando are located in the following zip code areas on Foreclosure.com: 32829 32827 32824 32822 32804 32805 32806 32807 32801 32803 32808 32839 32835 32832 32819 32811 32814 32812 32802 32853 32854 32856 32861 32862 32872 32877 32885 32886 32891 32897. The estimated population per square kilometer (.62 miles) in Orlando is 1,003.
So, about how much do homes cost in Orlando? The most recent median value of resident-owned homes in Orlando is 238,013. An estimated 35.4 percent of households in Orlando own their homes, with an average family size of 3.25. The median household income in Orlando is 51,757, with21.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Orlando, the median commute time of resident workers (in minutes) is 26.1. And last, but certainly not least, are you looking for homes to rent in Orlando? If so, the average rent price paid by renters in Orlando is 1,196, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Orlando, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Orlando is 33.8, split between 48 percent male versus 52 female. The percentage of residents who report being married in Orlando is 36.5, with an average family size of 3.25.
The percentage of residents who report their race in Orlando is as follows:
|Black / African American||24.5%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Orlando? Or maybe you are searching for 55+ active adult communities in and/or near Orlando?
The percentage of residents who report their age in Orlando is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Orlando with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Orlando.
How do you know that living in -- or moving to -- Orlando is right where you need to be? Perhaps you grew up in Orlando or already live nearby; therefore, the decision to buy a home in Orlando is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Orlando for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Orlando:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Orlando.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Orlando can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Orlando, meanwhile, can field multiple offers from more qualified buyers.