Orlando, Florida

Orange County Real Estate - Orlando

Orlando

Orlando is the fifth most populated city in Florida and is located in Orange County. Orlando is often nicknamed "the theme park capital of the world," as it is home to Walt Disney World, Universal Studios, Seaworld, and numerous other theme parks. As a result, Orlando is also known as the tourist capital of the world, attracting 51 million tourists a year. Orlando is a popular destination for conventions: the Orange County convention center is the second largest in the world. The Orlando metropolitan area has a $13.4 billion technology industry and employs 53,000 people. Orlando is also home to the Darden Restaurants headquarters, the largest operator of restaurants in the world by revenue. The University of Central Florida also resides in Orlando and is the second largest university in the United States. Orlando's top employers are Walt Disney World, Orange County Public Schools, State of Florida Government, Adventist Health System, Florida Hospital, and Wal-Mart Stores.

Orlando is in East Central Florida. It's population as recorded in the 2010 Census was 238,300.

The median age for residents of Orlando is 32.8. Around 28.5% of Orlando households include school aged children and 16.7% of households include individuals aged 65 years or over. Census records indicate 57.5% of the Orlando population are White, 28% are Black or African American, .3% American Indian, 3.7% Asian and 3.4% are Two or more Races. Orlando has a significant Hispanic population. 25.3% (60,483) of Orlando residents are of Hispanic or Latino origin. Of these 7.04% are of Mexican origin, 51.58% Puerto Rican, 7.1% Cuban and 34.25% are of other Hispanic or Latino origin.

There are 121,254 housing units in Orlando. 18,733 (15.4%) of these were reported as vacant in the 2010 Census. There are 72,485 residential rental units in Orlando. 62,063 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.

Orlando links:

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Orlando is located in Orange County. It has a population of approximately 238,300 people. The population increased 4.7% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 4.9% for Orange County and a 1.7% increase for the country as a whole. Orlando occupies 102.4 of the 903.43 square miles in Orange County. It had a population density of 2327.3 persons per square mile in 2010. This compared to 1268.5 for the county, 350.6 for Florida and 87.4 for the country.

24.6% ( 121,254) of the 492,209 housing units in Orange County are in Orlando (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Orlando has a 40.6% homeownership rate compared to Orange County's 59.6% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Orange County 1,145,956 $53,843 4.9% $49,731 492,209 $211,100
Orlando 238,300 $20,1774.7%$42,755 121,254$199,600

Orlando's medium household income in 2011 was $42,755. Orange County's medium household income was $49,731, which is higher than the medium income for Florida as a whole: $47,827. 17.3% of the population in Orlando lives below the poverty line, compared to 14.7% in Florida, 14.9% of the population in Orange County and 14.3% nationwide. Additional Information:

Orlando Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Orlando. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $20,177 million, Orlando's economic activity represents 37.47% of Orange County's $53,843MM in economic activity. Orange County represents 8.54% of the Florida economy.

Orlando Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $5,742 28.5%
Merchant wholesaler sales $5,440 27.0%
Retail sales $7,481 37.1%
Accommodation and food services sales $1,515 7.5%
Total $20,177100%

Orange County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Apopka 41,542 $9216.9%$58,996 15,707$207,700
Lake Butler 15,400 $0X$130,976 5,875$634,300
Maitland 15,751 $1,1673.7%$74,974 8,137$345,300
Ocoee 35,579 $1,1807.3%$61,653 12,802$213,000
Orlando 238,300 $20,1774.7%$42,755 121,254$199,600
Winter Garden 34,568 $8396.9%$65,424 13,260$247,600
Winter Park 27,852 $1,1683.8%$57,432 13,626$363,500

Orange County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Orange County represents 50.3% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Osceola County 268,685 $7,448 7.0% $46,479 129,830 $170,200
Orange County 1,145,956 $53,843 4.9% $49,731 492,209 $211,100
Seminole County 422,718 $12,124 1.9% $58,908 182,625 $225,500
Lake County 297,052 $5,430 2.1% $47,509 145,303 $167,900
Volusia County 494,593 $10,951 0.5% $44,169 254,981 $172,100
Sumter County 93,420 $1,120 8.8% $44,817 55,988 $186,800
Total 3,369,551 $106,985 3.7% $48,812 1,531,448 $186,400

Orlando Real Estate

There are 302,995 properties in Orlando. The following table shows a summary of them based on 2014 sales data.

Orlando Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 864 0.29 7 $298,000 $132January 1st, 2014June 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 5,875 1.94 70 $145,500 $77January 1st, 2014August 1st, 2014
Health Care 8 0.00 0n/an/an/an/a
Hotel & Motel 4,909 1.62 321 $55,900 $73January 1st, 2014September 1st, 2014
Industrial 2,888 0.95 145 $1,875,000 $141January 1st, 2014August 1st, 2014
Miscellaneous Property 566 0.19 3 $1,100,000 $288May 1st, 2014July 1st, 2014
Mobile/Manufactured 3,268 1.08 138 $30,000 $25January 1st, 2014September 1st, 2014
Multifamily 4,501 1.49 194 $149,300 $63January 1st, 2014September 1st, 2014
Office 4,835 1.60 214 $446,400 $197January 1st, 2014August 1st, 2014
Residential 268,225 88.52 13,746 $125,100 $77January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 5,896 1.95 174 $645,000 $155January 1st, 2014August 1st, 2014
Senior Housing 86 0.03 2 $107,000 $51May 1st, 2014August 1st, 2014
Special Purpose 774 0.26 26 $562,500 $109January 1st, 2014August 1st, 2014
Sports & Entertaining 300 0.10 8 $825,000 $174February 1st, 2014August 1st, 2014

Agricultural Real Estate in Orlando, Florida

864( .29%) of the properties in Orlando are classified as Agricultural. 7 of them sold between January 1st, 2014 and June 1st, 2014. The total value of these sales was $3,674,900. The median sales price was $298,000. In 2014 the median sales price for Agricultural in Orlando was $132 per sq ft.

Commercial Real Estate in Orlando, Florida

0( .00%) of the properties in Orlando are classified as Commercial.

Government Real Estate in Orlando, Florida

5,875( 1.94%) of the properties in Orlando are classified as Government. 70 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $20,609,100. The median sales price was $145,500. In 2014 the median sales price for A Class Government Property in Orlando was $93 per sq ft, B Class properties sold for $77/ft and C Class $59/ft.

Health Care Real Estate in Orlando, Florida

8( .00%) of the properties in Orlando are classified as Health Care.

Hotel & Motel Real Estate in Orlando, Florida

4,909( 1.62%) of the properties in Orlando are classified as Hotel & Motel. 321 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $315,700,000. The median sales price was $55,900. In 2014 the median sales price for A Class Hotel & Motel in Orlando was $208 per sq ft, B Class properties sold for $73/ft and C Class $15/ft.

Industrial Real Estate in Orlando, Florida

2,888( .95%) of the properties in Orlando are classified as Industrial. 145 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $1,879,934,500. The median sales price was $1,875,000. In 2014 the median sales price for A Class Industrial in Orlando was ####### per sq ft, B Class properties sold for $141/ft and C Class $30/ft.

Miscellaneous Real Estate in Orlando, Florida

566( .19%) of the properties in Orlando are classified as Miscellaneous. 3 of them sold between May 1st, 2014 and July 1st, 2014. The total value of these sales was $3,289,000. The median sales price was $1,100,000. In 2014 the median sales price for Miscellaneous Property in Orlando was $288 per sq ft.

Mobile/Manufactured Real Estate in Orlando, Florida

3,268( 1.08%) of the properties in Orlando are classified as Mobile/Manufactured. 138 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $6,312,600. The median sales price was $30,000. In 2014 the median sales price for A Class Mobile/Manufactured in Orlando was $47 per sq ft, B Class properties sold for $25/ft and C Class $8/ft.

Multifamily Real Estate in Orlando, Florida

4,501( 1.49%) of the properties in Orlando are classified as Multifamily. 194 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $504,840,000. The median sales price was $149,300. In 2014 the median sales price for A Class Multifamily in Orlando was $127 per sq ft, B Class properties sold for $63/ft and C Class $26/ft.

Office Real Estate in Orlando, Florida

4,835( 1.60%) of the properties in Orlando are classified as Office. 214 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $1,947,124,200. The median sales price was $446,400. In 2014 the median sales price for A Class Office in Orlando was $6,207 per sq ft, B Class properties sold for $197/ft and C Class $80/ft.

Residential Real Estate in Orlando, Florida

268,225( 88.52%) of the properties in Orlando are classified as Residential. 13,746 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $4,164,991,165. The median sales price was $125,100. In 2014 the median sales price for A Class Residential in Orlando was $128 per sq ft, B Class properties sold for $77/ft and C Class $30/ft.

Residential Real Estate in Orlando, Florida

0( .00%) of the properties in Orlando are classified as Residential.

Retail Real Estate in Orlando, Florida

5,896( 1.95%) of the properties in Orlando are classified as Retail. 174 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $330,420,100. The median sales price was $645,000. In 2014 the median sales price for A Class Retail in Orlando was $477 per sq ft, B Class properties sold for $155/ft and C Class $49/ft.

Senior Housing Real Estate in Orlando, Florida

86( .03%) of the properties in Orlando are classified as Senior Housing. 2 of them sold between May 1st, 2014 and August 1st, 2014. The total value of these sales was $214,000. The median sales price was $107,000. In 2014 the median sales price for Senior Housing in Orlando was $51 per sq ft.

Special Purpose Real Estate in Orlando, Florida

774( .26%) of the properties in Orlando are classified as Special Purpose. 26 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $176,705,800. The median sales price was $562,500. In 2014 the median sales price for A Class Special Purpose in Orlando was $550 per sq ft, B Class properties sold for $109/ft and C Class $17/ft.

Sports & Entertaining Real Estate in Orlando, Florida

300( .10%) of the properties in Orlando are classified as Sports & Entertaining. 8 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $60,924,000. The median sales price was $825,000. In 2014 the median sales price for Sports & Entertaining in Orlando was $174 per sq ft.

Orlando, Orange County Market Data

Orlando Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 639 354,117
Government Property 5,995 78,841,582
Health Care 7 354,633
Hotel & Motel 4,371 72,967,990
Industrial 2,874 102,562,157
Land 22,155 17,494,258
Miscellaneous Property 248 1,132,962
Mobile/Manufactured 3,174 4,073,470
Multifamily 3,883 107,849,782
Office 4,635 53,417,762
Residential 278,382 524,342,095
Retail 5,641 72,443,530
Senior Housing 94 3,845,558
Special Purpose 738 13,347,168
Sports & Entertaining 276 18,610,646

Orlando Median Property Values per Sq Ft

Orlando Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2016 $330$35 $123$21 $55$11
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2014 $311$18 $154$13 $81$9
Assisted Care Living Facility 2014 $774$15 $174$11 $80$9
Auto sales, auto repair and storage or auto service shop 2016 $455$30 $190$18 $61$10
Bowling alley, skating rink, pool hall or enclosed arena 2016 $330$35 $123$21 $55$11
Cannery, fruit and vegetable, bottler or brewers, distillery or winery 2015 $222$10 $61$6 $29$5
Centrally assessed 2016 $630$79 $245$28 $37$10
Church 2016 $264$19 $74$14 $38$9
Club, lodge or union hall 2016 $264$19 $74$14 $38$9
College 2016 $98$43 $91$20 $67$12
Community Shopping Center 2016 $543$30 $155$18 $70$10
Condominium 2016 $199$16 $90$16 $55$16
Condominium Unit 2016 $478$16 $173$16 $75$16
County Owned 2016 $98$43 $91$20 $67$12
County Owned Land-Vacant (That Does Not Qualify In Another Code) 2014 $774$6 $174$6 $80$6
Cropland soil capability Class II 2016 $213$70 $69$34 $35$13
Cultural organization, facility 2016 $264$19 $74$14 $38$9
Dairies, feed lots 2016 $511$70 $211$34 $135$13
Department Store 2016 $700$30 $168$18 $68$10
Drive-in Restaurant 2016 $543$30 $155$18 $70$10
Duplex 2014 $129$14 $80$9 $47$6
Enclosed theater or auditorium 2016 $630$35 $245$21 $37$11
Federal Owned 2016 $98$43 $91$20 $67$12
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $543$30 $155$18 $70$10
Food processing 2016 $213$10 $69$7 $35$5
Forest, park or recreational area 2016 $98$43 $91$20 $67$12
Garage / Auto-Body /Auto Paint Shop 2016 $478$30 $173$18 $75$10
Golf Course 2016 $478$35 $173$21 $75$11
Golf course or driving range 2016 $330$35 $123$21 $55$11
Government Undefined 2016 $264$43 $74$20 $38$12
Grazing Land - Soil Capability Class Ii Vacant 2016 $478$70 $173$34 $75$13
Grazing land soil capability Class II 2016 $511$70 $211$34 $135$13
Grazing land soil capability Class III 2016 $511$70 $211$34 $135$13
Grazing land soil capability Class IV 2016 $511$70 $211$34 $135$13
Heavy industrial 2016 $213$10 $69$7 $35$5
Home for the aged 2016 $264$17 $74$13 $38$9
Hospital 2016 $98$43 $91$20 $67$12
Hospital -General-Privately Owned 2016 $478$25 $173$17 $75$11
Hotel or motel 2016 $218$33 $119$33 $82$33
Improved agricultural 2016 $213$70 $69$34 $35$13
Insurance company office 2014 $465$23 $155$19 $61$15
Leasehold interests (government owned property leased by a non-governmental lessee) 2016 $98$79 $91$28 $67$10
Light Manufacturing,Small Equipt.Mfg. Plants,Sm.Machine Shops,Instrument Mfg., 2016 $478$10 $173$7 $75$5
Light manufacturing 2016 $213$10 $69$7 $35$5
Lumber yard, sawmill or planing mill 2016 $213$10 $69$7 $35$5
Military 2016 $264$43 $74$20 $38$12
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $213$10 $69$7 $35$5
Mixed Use- Commercial Property 2016 $478$10 $173$7 $75$5
Mixed use - store and office or store and residential or residential combination 2016 $700$30 $168$18 $68$10
Mobile Home 2016 $74$6 $39$6 $23$6
Mortuary, cemetery or crematorium 2016 $264$19 $74$14 $38$9
Multi-family - 10 units or more 2016 $184$18 $88$12 $53$8
Multi-family - less than 10 units 2016 $176$18 $89$12 $47$8
Municipal Owned 2016 $98$43 $91$20 $67$12
Nightclub, cocktail lounge or bar 2016 $330$35 $123$21 $55$11
Office Building- Multi Tenant- 2 Or More Stories 2016 $478$30 $173$21 $75$17
Office Building- Single Tenant- 1 Story 2016 $478$30 $173$21 $75$17
Office building, non-professional service building, multi-story 2016 $493$30 $146$21 $52$17
Office building, non-professional service building, one story 2016 $310$30 $154$21 $108$17
Open Storage, New And Used Building Supplies, Junk Yards, Auto Wrecking,Fuel 2016 $478$10 $173$7 $75$5
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $213$10 $69$7 $35$5
Orchard Groves, Citrus, etc. 2016 $511$70 $211$34 $135$13
Orchard Groves-All Groves Vacant 2016 $478$70 $173$34 $75$13
Ornamentals, miscellaneous agricultural 2016 $511$70 $211$34 $135$13
Orphanage, other non-profit or charitable services 2016 $264$19 $74$14 $38$9
Other Food Processing, Candy Factories, Bakeries, Potato Chip Factories 2016 $478$10 $173$7 $75$5
Packing plant (fruit and vegetable or meat packing) 2016 $213$10 $69$7 $35$5
Parking Lot - Commercial 2016 $478$10 $173$7 $75$5
Parking lot (commercial or patron) or mobile home park 2012 $439$0 $130$0 $33$0
Poultry, bees, tropical fish, rabbits, etc. 2016 $511$70 $211$34 $135$13
Private school or college 2016 $264$19 $74$14 $38$9
Privately owned hospital 2016 $264$25 $74$17 $38$11
Professional service building 2016 $416$30 $167$21 $100$17
Professional/Office Complex 2016 $478$30 $173$21 $75$17
Public county school 2016 $98$43 $91$20 $67$12
Race track: horse, auto or dog 2016 $330$35 $123$21 $55$11
Regional Shopping Center 2016 $543$30 $155$18 $70$10
Repair service shop (excluding automotive) 2016 $543$30 $155$18 $70$10
Restaurant, cafeteria 2016 $543$30 $155$18 $70$10
Retail Store- 1 Unit 2014 $129$27 $80$16 $47$9
Retirement Home not eligible for exemption. 2016 $199$17 $90$13 $55$9
School -Private 2014 $774$18 $174$13 $80$9
Service station 2016 $543$30 $155$18 $70$10
Single Family 2016 $140$16 $101$16 $66$16
Single Family Residence 2016 $478$16 $173$16 $75$16
State Owned 2016 $98$43 $91$20 $67$12
Store, one story 2016 $385$30 $139$18 $82$10
Supermarket 2016 $543$30 $155$18 $70$10
Timberland - site index 90 and above 2016 $213$70 $69$34 $35$13
Timberland not classified by site index to Pines 2016 $213$70 $69$34 $35$13
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $330$35 $123$21 $55$11
Townhouse 2016 $478$16 $173$16 $75$16
Undefined - Reserved for Use by Department of Revenue 2016 $176$16 $89$16 $47$16
Utility 2016 $98$79 $91$28 $67$10
Warehousing, Distribution_Terminal, Trucking Terminal, Van & Storage 2016 $478$10 $173$7 $75$5
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $186$10 $69$7 $35$5
Wholesale outlet, produce house or manufacturing outlet 2015 $716$28 $239$17 $56$10