Orlando Housing Market: Trends & Prices
Orlando Housing Market: Trends & Prices
Orlando Real Estate Market Overview
(Last Updated – 4/2025)
Family fun is probably what comes to mind when you think of Orlando: Disney World, Universal Studios, SeaWorld, and other attractions are located here. But Orlando also features historical charm, lakes, museums, and the 50-acre Leu Gardens.
While Orlando receives visitors from around the world thanks to its major vacation appeal, over 320,000 residents call Orlando home, according to the latest census data. In fact, Orlando is the fourth largest city in Florida. Its population expanded by 2.7% in 2024, surpassing Florida’s already-healthy overall growth rate of 2.0%.
The boom has helped spur major job growth in the private sector. The Orlando metro area gained the highest number of private sector jobs in Florida in the year ending January 2025. Private-sector employment there increased by 28,600 jobs. The housing market is also still seeing high demand, with prices continuing their creep upward.
The weather is hot, but the Orlando real estate market is too. So let’s take a look at the details.
Recommended: Home Ownership
Overall Orlando Market Trends
The real estate professionals at Redfin consider Orlando to be a somewhat competitive market. They report that homes, on average, receive one offer and sell in around 51 days. Popular homes in Orlando can sell in just 11 days. If you’re looking to buy in a more competitive market, getting preapproved for a mortgage loan can help you move quickly when you find a home you love.
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$415,000
Median Sale Price
$251
Median Price Per Square Foot
67 days
Median Time on Market
Orlando Housing Market Forecast
Orlando home prices have bounced around a bit over the last year, ending February 2025 up 2.5% year over year. However, low inventory combined with high demand will likely continue to stoke Orlando’s seller’s market for the foreseeable future, according to real estate experts.
While the median sale price in Orlando hit $415,000 in February 2025, prospective homebuyers interested in making a move to Orlando may find they enjoy some flexibility, as homes stay on the market for a couple months and, on average, receive one offer.
Population Growth in Orlando
Orlando was among the top three most popular cities to move to in 2021, and census data population estimates continued to rise in 2022. Between 2023 and 2024, Orlando was among the fastest-growing cities in the nation, ranking seventh on a list of cities with the largest population gains, according to the US Census Bureau. The Greater Orlando metro area is also the 28th largest in the United States. Many remote workers flocked to the Sun Belt cities, causing home prices to rise.
Demographics of the Orlando Market
Orlando’s residential side is often overshadowed by the hustle and bustle of the theme parks, hotels, and convention centers. But there is a lot more to Orlando than meets the eye, especially when it comes to building a life there.
Before you buy a home in Orlando, and before we break down some fast facts about popular neighborhoods, consider the demographics of Orlando as a whole.
Median Income: $69,414
Median Age: 35.3
College Educated: 40.1%
Homeowners: 39.2%
Married: 41%
Popular Orlando Neighborhoods
U.S. News ranked Orlando the 68th best place to live in the world, so no matter what neighborhood you choose, it sounds like you’ll have a great experience.
Of course, you want to do your due diligence before buying a home, so check out the demographics of some of Orlando’s most popular neighborhoods.
Colonialtown South
This neighborhood was primarily constructed during the 1920s Florida land boom. There are plenty of lovely historical homes to choose from in Colonialtown South, which also features brick roads and tree-lined streets.
Quick Facts
Population:
1,329
Median Age:
36.6
Housing Units:
NA
Bike Score:
82/100
Walk Score:
84/100
Transit Score:
44/100
Median Household Income:
$68,504
Colonialtown Housing Market
Colonialtown South is a somewhat competitive neighborhood in Orlando for buyers, with prices soaring 8.5% year-over-year as of February 2025. Homes are sitting on the market longer than they did last year, however.
Median Sale Price
$499,000
Median Price Per Sq. Foot
$337
College Park
College Park is considered one of Orlando’s culinary hot spots and has some great locally owned restaurants to choose from. Looking for more excitement? College Park has fun events year-round and cool boutiques for shopping.
Commuting is easy; the neighborhood is close to Interstate 4 and only 2 miles from Downtown.
Quick Facts
Population:
20,542
Median Age:
37.9
Housing Units:
9,998
Bike Score:
71/100
Walk Score:
62/100
Transit Score:
36/100
Median Household Income:
$108,662
College Park Housing Market
In this somewhat competitive market, homes spend about 59 days on the market. There is more inventory now than there was a year ago, however.
Median Sale Price
$547,500
Median Price Per Sq. Foot
$347
Lake Cherokee
Lake Cherokee is home to about 160 historical structures dating back to the 1870s, many of which are residences.
This primarily residential neighborhood has ample historical and modern charm and is very bikeable, so enjoy the view when you take a neighborhood stroll.
Quick Facts
Population:
1,164
Median Age:
53.4
Bike Score:
83/100
Walk Score:
64/100
Transit Score:
51/100
Median Household Income:
$34,601
Lake Cherokee Housing Market
In Lake Cherokee, you’ll have a decent amount of time to make a move on a home you love, compared with some other Orlando neighborhoods, but charm does come at a price.
Typically, houses in this neighborhood sell in 39 days. Home prices have dropped somewhat over the last year, but inventory is limited.
Median Sale Price
$625,000
Median Price Per Sq. Foot
$397
Lake Nona
This relatively new community, opened in 2011, sprawls across 17 square miles and places a high value on sustainable design and technology.
Lake Nona is a health- and wellness-focused community. Although its walk score is relatively low, the community does provide hiking trails, health centers, and ample outdoor space for residents to enjoy.
Quick Facts
Population:
20,513
Median Age:
36
Housing Units:
8.187
Bike Score:
48/100
Walk Score:
14/100
Transit Score:
3/100
Median Household Income:
$111,305
Lake Nona Housing Market
The Lake Nona housing market is not especially competitive.
Typically, homes in this area sell in about 69 days; there is a robust inventory.
Median Sale Price
$720,000
Median Price Per Sq. Foot
$319
Clear Lake
The obvious appeal of living in the Clear Lake neighborhood is access to Clear Lake. Playgrounds, trails for biking and jogging, fitness stations, walking paths, and picnic tables provide ample opportunity for families to get fresh air and exercise.
Quick Facts
Population:
18,085
Median Age:
46
Housing Units:
9,332
Bike Score:
73/100
Walk Score:
43/100
Transit Score:
41/100
Median Household Income:
$39,425
Clear Lake Housing Market
If you have your mind set on living in Clear Lake, take heart: In December 2024, Clear Lake home prices were down 33.8% compared to the previous year, selling for a median price of $215,000. This is a small area, though, and inventory is extremely limited.
Median Sale Price
$215,000
Median Price Per Sq. Foot
$439
SoFi Home Loans
It’s easy to see why the Orlando real estate market has become hot. The appeal extends far beyond theme parks.
If you think Orlando could be your home sweet home, then you may need to consider different mortgage loans during your home-buying process.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
Are house prices falling in Orlando?
In the year ending February 2025, home prices in Orlando were up 2.5% year over year. Single-family homes, however, were down almost 6%. And co-ops and condos were also down in price noticeably.
What are Florida mortgage rate trends?
Florida mortgage rates have experienced significant fluctuations over the past two decades. From a high of 7.96% in 2000, rates steadily declined to 5.78% by 2003. Between 2000 and 2018, Florida’s mortgage rates tended to trend slightly above the U.S. average. Experts believe that Florida mortgage rates will likely stay above historical lows for the foreseeable future.
Would Orlando be considered a buyer’s market?
Orlando isn’t really a buyer’s market, though it isn’t really a hotly competitive market, either. Redfin describes it as “somewhat competitive.” One thing that works to a homebuyer’s advantage in Orlando is the sheer size of the market. With hundreds of homes available at any given time, and several neighborhoods averaging home prices of under $300,000, there is likely a property available for you in Orlando if you are willing to hunt.
SoFi Mortgages
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*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.
HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Depending on state regulations highlighted above, reward amount is based on sale price of the home purchased and/or sold and cannot exceed $9,500 per buy or sell transaction. Employer-sponsored relocations may preclude participation in the reward program offering. SoFi is not responsible for the reward.
SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.
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