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Orlando FL Real Estate Market

Orlando FL Real Estate MarketPhoto from Pexels

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While the Orlando, FL real estate market is cooling down a little bit, you’ll still need to have a competitive edge when buying a home here. Median home prices and interest rates have hit an all time high in Orlando, as it has in large cities across the country. However, inventory is slowly going up, providing more diverse housing options and price points for home buyers in Orlando.
It is worth noting that several individual investors and investment companies have gravitated toward Orlando in recent years, creating a struggle for homes for sale in Orlando. As one of the best places in the U.S. to buy a rental property, Orlando provides exceptional business opportunities for those in the investment space. This has created a little extra competition for both other investors and home buyers in Orlando, so we recommend having the help of a local agent to give you the upper hand.
Now for the numbers; the median listing price for homes for sale in Orlando is $370,000 and the sold price stays relatively similar. The housing stock in Orlando consists of multi-family homes, townhomes, condos, and large detached, single-family homes with spacious yards. If you’re interested in buying an Orlando condo for sale, it can run you anywhere from $200K to $1M, with most condos falling in the $300K range. For townhomes, the median sold price is $347K, while single-family home prices are closer to $407K. Orlando homes for sale are only on the market for an average of 24 days before being sold.

Distance to Other Cities

Neighborhoods In Orlando FL

Orlando homes for sale come in a nearly unlimited number of unique neighborhoods and housing options to choose from. The region of Orlando that you move to will depend on what your needs are, how active your lifestyle is, and what you’re looking for in a community. Here’s a sampler of the different areas within Orlando to help you gauge which neighborhoods are calling your name.

Walkable Neighborhoods in Orlando

  • Downtown Orlando is your best option for classic city-living in Orlando. Home to nearly 20,000 people, a plethora of large businesses and corporations, a weekly farmers market, and an abundance of nightlife, Downtown Orlando offers a haven for those searching for an active lifestyle. Situated directly along I-4, Downtown is conveniently located and provides easy access to other Orlando neighborhoods and attractions. For modern condo buildings, check out the Mills 50 District. If you are more interested in detached homes, you can find quaint cottages in Audubon Park or beautiful craftsman-style homes in Lake Eola Heights or Thornton Park.
  • Baldwin Park is situated on what once was a large U.S. Navy Base. This new, walkable community offers clusters of semi-detached homes and townhouses, all within a short walk of excellent restaurants, shops, and amenities. This urban community allows residents to bike, jog, or stroll to their day-to-day activities, with over 1,125 acres of parkland.

Family-Oriented Orlando Neighborhoods

  • Winter Park is located just 12 minutes north of Downtown Orlando, but you wouldn’t know it based on the neighborhood itself. This picturesque community features an eclectic variety of homes, including bungalows, luxury mansions, and mid-size detached properties. Winter Park is perfect for families as it is complete with several parks and family-friendly activities, the homes have lots of space, and there is a high concentration of public schools located within the community.
  • Maitland is one of the top neighborhoods in Orlando for educational facilities, including private and public schools and specialized centers for education. You’ll find many ranch-style homes, lakefront properties, and modern condos in Maitland, so there is always a perfect option for families of any size. In addition to spacious homes and great schools, Maitland offers annual family festivals and activities for residents of all ages.
  • Winter Garden is one of those neighborhoods that will make you forget you live in a highly populated city. With a charming downtown complete with lush greenery and cobblestone streets, Winter Garden is more reflective of a trendy, suburban community than a big city neighborhood. Perfect for fishing, biking, or walking, Winter Garden offers a number of outdoor activities as well as unique shops and dining scattered throughout downtown.
  • Sanford sits on the shores of Lake Monroe and provides thrilling water activities and nature-filled amenities for the whole family. A quiet, suburban neighborhood, Sanford offers a slower pace of life, while still providing quick access to more lively areas of Orlando.

Best Neighborhoods to Retire In 

  • Windermere has long been home base for those interested in a scenic, calm neighborhood. Many luxurious homes can be found here with unmatched views of wildlife and waterscapes thanks to the Butler Chain of Lakes. Residents here love to relish in slow mornings before trying out a new cafe or taking a walk through the park.
  • Celebration is a one-of-a-kind community that was developed by the Walt Disney Company. The charming, colorful buildings provide a vintage feel to the neighborhood, and the modern businesses that line the streets of the town center add some spice to the mix. Celebration has a spectacular array of townhomes, detached homes, and cottages. No matter where you reside you are sure to catch friendly waves from neighbors. All of this combined with a lakefront park makes Celebration a truly unique community where you can enjoy a relaxed pace of life.

Schools In Orlando FL

Many consider Orlando a great city for families because of the extensive education options from PreK all the way to college. Orlando has 99 schools, with Seminole County Public Schools, Orange County Public Schools, and Volusia County School District making up the top 3 districts in the city. Florida has an unrestricted open enrollment policy, so families in Orlando are welcome to enroll their children in whichever school district suits them best.
Homes in Orlando have access to several opportunities for higher education. These are some of the most popular colleges and universities you’ll have to choose from:

  • University of Central Florida (Public, 4-year)
  • Valencia College – West Campus (Public, 2-year)
  • Rollins College (Private, 4-year)
  • Seminole State College (Public, 2-year)

FAQ About Orlando FL Real Estate

What is the zip code for Orlando, Florida?

The top zip codes for homes for sale in Orlando are:

  • 32837: Hunters Creek
  • 32786: Windermere
  • 32804: Downtown Orlando
  • 34787: Winter Garden
  • 32789: Winter Park

What is the average household income in Orlando, Florida?

The average household income in Orlando is $80,986 annually, but the median annual household income is $55,183.

Where is the nearest commercial airport in Orlando, Florida?

Orlando International Airport (MCO) is situated 21 miles (25 minutes) from Downtown Orlando and offers a plethora of domestic and international flights in and out of Orlando.

What county is Orlando, Florida in?

While Orlando proper is located in Orange County, the Greater Metro Area also includes Lake County, Seminole County, and Osceola County.

How far is Tampa from Orlando, Florida?

Tampa is an hour and a half (84 mile) drive from Orlando via I-4 East.

Things To Do In Orlando FL

Orlando is one of the top tourist destinations in the world thanks to its many world-class entertainment options including Walt Disney World, Universal Studios, Legoland, Sea World, and more. These are excellent ways to keep the whole family occupied, but what if you want something a little less crowded that won’t break the bank? Lucky for you, Orlando is so much more than meets the eye, with unique coffee shops, nature activities, and shopping galore!

Shopping and Dining

The Orlando International Premium Outlets is an exceptional outdoor shopping center that offers over 180 stores to browse through. From local boutiques to worldwide franchise stores, the Outlets have just about any kind of retail you may need. For a more classic mall experience, The Mall at Millenia is one of the most popular shopping centers for locals.
Several neighborhoods in Orlando have unique eateries and entertainment. Winter Garden’s downtown core is stacked to the brim with trendy breweries and markets, Celebration is known for quaint ice cream and sweets shops, and Downtown Orlando houses both a weekly farmers market and an abundance of cool restaurants. No matter which neighborhood you live in, there will never be a lack of something new to try.

Sports and Entertainment

Sports enthusiasts have a blast in Orlando, taking trips to Amway Center to catch an Orlando Magic game or to Exploria Stadium to see the Orlando City Soccer Club and Orlando Pride Women’s Soccer Team. For concert and event lovers, Amway Center, Hard Rock Live, and The Social are just a few of the number of venues you can catch a show at.


To explore Orlando’s unique natural climate, head to Lake Louisa State Park or Kelly Park and Rock Springs Run. Both of these parks offer walking trails and Rock Springs Run provides clear waters that are perfect for swimming, tubing, or kayaking. For more canoeing options, simply begin driving and pick a river – they are everywhere! Some of the best ones in the city for water activities are Shingle Creek and Wekiva River Basin. In the springtime, head over to the Harry P. Leu Gardens to watch the beautiful blossoms paint the landscape with vibrant colors.

Living In Orlando FL

Weather in Orlando

Orlando is notorious for some brutally hot temperatures and a year-round humid climate. With an average of 53 inches of rain per year, expect to get caught in it every once in a while. Particularly throughout the summer, there is rarely a day when you won’t get an hour-or-so long bout of afternoon showers. You get accustomed pretty quickly, though, and as long as you have a rain jacket and a good pair of shoes, the rain won’t hold you down too much.

July and August are the hottest months of the year, reaching temperatures of 95°F, and January is the coldest month with temperatures of 50°F at the lowest.

Orlando Economy

Orlando is ripe with job opportunities in several sectors. While there is an abundance of opportunities in hospitality and tourism, Orlando is one of the nation’s economic leaders in manufacturing, bio tech, and aerospace. Some large corporate companies that have their headquarters in Orlando include AAA, Darden Restaurants, Massey Services Inc., Tupperware Brands, and Marriott. A large majority of corporate buildings are situated in Downtown Orlando, and I-4 can be known for wicked traffic, so check out the commute time if you are planning on driving into the city from another Orlando neighborhood.

Medical Access in Orlando

Orlando Health is recognized by Forbes as the top healthcare organization in the state of Florida, so if you want to be close to excellent medical care, Orlando is a great city for you. For short-term, long-term, or emergency care, Orlando Health Regional Medical Center should be your first line of defense. Ranking high, specifically, in cardiovascular procedures and treatment, Orlando Health will keep you in good hands, no matter your season of life.

Transportation Around Orlando FL

Orlando is a city where you will definitely need a vehicle to get from place to place. While specific neighborhoods are walkable, the entire city spans 119 square miles, so going from one end to the other would be difficult on foot. Luckily, I-4 runs on a southwest – northeast axis along a majority of Orlando neighborhoods and provides a straight shot to just about anywhere you’d like to travel to in the Greater Orlando Area. Concurrent with I-4, State Road 400 runs from I-275 west in Tampa through to I-95 in Daytona Beach.
If you wind up needing public transportation, the LYNX bus system, which runs across Central Florida, has at least one stop in each major Orlando neighborhood. Check online for specific schedules and routes. Otherwise, Uber and Lyft are both popular options for those who need to catch a ride somewhere.

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