Thinking about moving to Orlando?
You’ll be in good company. Between 2010 and 2016, more than 38,873 people have moved to Orlando, an increase of 16.3%. New residents are attracted to Orlando’s excellent weather, affordable housing. booming economy, and of course, the theme parks.
Orlando is home to 277,173 Orlandoans. With an area of 102.4 square miles, Orlando has a population density of 2,707 persons per square mile, which makes it less dense than many other cities of comparable size.
The Orlando-Kissimmee-Sanford, FL Metropolitan Statistical Area boasts a population of 2,441,257 people, of which Orlando proper’s population makes up 11%.
One of Orlando’s greatest strengths is its relatively affordable housing market. The median home value in Orlando is $168,700, -16% below the US median value, according to Zillow. The median price per square foot in Orlando is $121. Over the past 5 years, home values in Orlando have increased by 12%.
Renters in Orlando will also have an easy time finding affordable housing. The median rent in Orlando is $1,299 per month, which is 9% lower than the US median. Over the past year, rental rates in Orlando have increased by 1.7%.
Orlando’s economy is on fire. The Orlando metro area’s GDP grew by 26% between 2011 and 2016, from $100.6 billion in 2011 to $126.7 billion in 2016, a total increase of $26.1 billion. The metro area has a per capita GDP of $51,939. According to the US Census Bureau, the median household income in Orlando is $48,768, 17% lower than the national median. Orlando’s unemployment rate is 3.9%.