Realty411 Magazine Featuring Patty Arvielo - New American Funding | Page 53

ORLANDO MARKET STATISTICS
• Median Sales Price: $115,000
• Median Rent Per Month: $1050
• Median Household Income: $42,418
• Population: 255,483
• 1-Year Job Growth Rate: 4.6%
• 1-Year Appreciation Rate: 12.6%
• 3-Year Appreciation Rate: 38.4%
• Unemployment Rate: 4.5%
ORLANDO MARKET QUICK FACTS
Metro Orlando is the 4th largest metro area in the
country, and it’s also the 16th fastest-growing metro in
the nation.
Forbes reports that 60 million people visited the
Orlando area in 2015, making it the most visited tourism
destination in the country.
The population in Orlando has grown 41% since the
year 2000. To date Metro Orlando houses over 2.3 mil-
lion residents.
Rents grew by 3.4% in the last 12 months, which is
higher than the national and state levels.
Employment is likely to grow 4.2% a year through
2017, according to Moody’s.
Foreclosure laws have helped keep home prices sig-
nificantly below their last peak, but rates are rising.
Orlando’s employment growth is among the best in
the U.S. with 173,900 jobs created since the recession
and a growth rate of 4% per year.
Orlando Medical City boasts a $7.6 billion economic
impact and will create 30,000 jobs.
CONCLUSION: TOP THREE REASONS TO
INVEST IN ORLANDO IN 2017
As mentioned, most of the best real estate markets
have three factors in common: job growth, population
growth and affordability. Orlando is no exception…
Job Growth: Orlando’s employment growth is
among the best in the U.S. with 173,900 jobs created
since the recession and a growth rate of 4% per year.
Moody’s also predicts employment to grow at rate of
4.2% a year through 2017.
Population Growth: Orlando’s population has
grown 41% since the year 2000, and is expected to grow
an additional 1.5% in 2017. (This means the demand for
housing is likely to increase.)
Affordability: In Orlando it is still possible to pur-
chase fully renovated properties in good Florida neigh-
borhoods for less than $120,000.
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#2: TAMPA, FLORIDA
Located on the west coast of Florida, Tampa Bay is
a densely populated metropolitan area (second only to
Miami), with a population of more than 4 million people.
Major cities in this area include St. Petersburg, Largo,
Clearwater, New Port Richey, Holiday and Tampa.
The local economy is worth of $130 billion and the
metro area has been ranked as one of the top 20 fastest
growing in the country. Tampa also has a strong local
economy with a strong focus on job growth in areas such
as financial services and healthcare.
The Greater Tampa Bay area is consistently ranked
among the top 20 fastest-growing metro areas in the
country and with billions of dollars of residential, com-
mercial and infrastructure investment underway, it is one
of the engines of the Florida economy. In 2015 alone, the
Metro Tampa area added 44,300 private, new jobs to the
community, giving it the fastest growth in the state and
one of the fastest in the country.
More than 19 firms with annual revenues of more
$1 billion are headquartered here and it is home to four
Fortune 500 companies. Tampa has a very diversified
economy with financial services, healthcare, research, ed-
ucation, tourism/retirement and military bases all making
significant contributions to jobs and growth.
TAMPA MARKET QUICK FACTS
Tampa has a population of 4 million, a local economy
worth over $130 billion, and the it’s ranked in the top 20
fastest-growing metros in the United States.
An area with mostly high-priced homes, Tampa still has
pockets where investors can find homes at affordable pric-
es, even as low as $90,000 and turn around to rent them
for $950 a month to $1250 a month.
According to the U.S. Bureau of Labor Statistics Tam-
pa-St. Petersburg gained 12.76 private-sector jobs per day
from a total of 1,084,400 in September 2006 to 1,131,000
in September 2016.
The area has numerous strong Fortune 500 companies
including Publix Super Markets Inc., Jabil Circuit Inc.,
and WellCare Health Plans, Inc.
Tampa remains a fantastic tourism market. It’s a popu-
lar option for retirees as well, providing for many short-
term rental opportunities.
CONCLUSION: TOP 3 REASONS
TO INVEST IN TAMPA IN 2017
As you’ve learned, when a real estate market has job
growth, population growth and affordability, you’ll likely
be able to find good investment opportunities. We believe
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