Orlando Metro Market
Florida has long been a heralded go-to for tourists and RETIREES ...
who happen to be BOOMING! But who else?
When it comes to choosing markets, you already know you are looking for DEMAND. .The demand we are talking about comes from lots of people who sleep under roofs. Florida boasts of over 20 million in population … It holds its own right up there with the largest states in the nation. The Orlando Metropolitan Statistical Area is the third largest metropolitan area in the state of Florida.
At risk of sounding like a broken record … Big markets mean lots of people, political clout, infrastructure and lifestyle amenities. Big also means economically diverse. All these things are important for long term stability.
What else drives demand for this sun-shine state?
We’re glad you asked! You’ll definitely want to read the latest Reports & Articles below, but here’s some of our thoughts to prime your thinking-pump …
Florida continues to be a prime target for the migrating 75 million Baby Boomers … Talk about demand!
You already know retirees love warm weather. And Florida’s climate is probably going to continue to meet the “Sun Belt” criteria for the foreseeable future. The mass exodus of retirees to this sunshine state is far from over.
Who else is flocking to Florida? Well, who else would be in the Boomers wake? You guessed it, Millennials!
High JOB GROWTH and affordability attract this younger generation.
Thumbs up for No State Income Tax! Unless you’ve got wind of something different, there seems to be no change here in the near future.
Florida has been touted as a Low-Cost of Living state. Housing is right up there as one of the biggest living expenses for most people. If someone retired by selling a home in New York and relocated to Florida, their housing budget goes a lot further. Ok. That’s interesting, but …
An even more important factor in assessing the cost-of-living is, not the market people are coming from, but the income of the locals. The Housing Affordability Index is one thing we like to look at when considering the sustainability of a markets growth. Is the market economy primarily fueled by foreign investments and out-of-state investors gambling on returns? Or is strong, local economic health supporting the property rental rates and values?
This index measures median household income relative to the income needed to purchase a median-priced house. The Orlando Metro’s affordability index has ranked above the national average for years … And is expected to stay that way.
Orlando is EXCITING! We see a convergence of demographic demand, scarce supply, influx of out-of-state wealth, AND LOCAL economic stability. As a whole, because of the large number of people that tend to move in and out of the state, Florida’s housing market has historically been volatile … If you were watching Florida during the 2008 crash we don’t have to explain this to you.
As real estate investors though, we don’t buy whole states. We buy particular properties, in particular neighborhoods.
Imagine you could see strong monthly profits, take advantage of the trends in demand, and secure your cash flow with a diversified, stable tenant base.
Orlando and it’s surrounding communities power the Orlando economy with blue collar and service workers diversified outside of the tourist industry – these communities tend to hold their values, rental rates and occupancy.
Put your boots on the ground and come explore the market for yourself! In the meantime, here are some helpful resources we trust you’ll find useful as you dive into this exciting area …
- Profitable Niches – Single Family Rentals
- Profitable Niches – Lifestyle Investing
- Build-to-Rent Residential in Central Florida – Affordable and New
Reports & Articles
Market Field Trips & Property Tours
- Coming Soon!
- Gillen & Associates – SFR’s, Multi-Family Properties