The simple answer is YES!
Here’s a few compelling reasons why:
According to the Florida Department of Economic Opportunity, Orlando ranked the fastest growing large metropolitan area in the country in 2017. While not the largest in terms of total jobs, 3.8 percent employment growth means Orlando is outpacing Riverside, Calif., San Antonio, Austin, Seattle and every other large MSA in America in terms of the number of jobs added this past year relative to their December 2016 starting points.
At the same time, Orlando has consistently maintained some of the lowest unemployment rates this past year; lower than both the state and national average. Orlando’s explosive employment growth and ability to maintain such low unemployment rates speaks to the region’s impressive ability to attract new talent from elsewhere in the United States and abroad. Orlando’s capacity to attract and retain talent will become even more important in 2018 as unemployment rates continue to drop and the labor market across the United States tightens.
Besides being a dream destination for tourists (thanks to Florida weather, beautiful beaches, and Disney World), Orlando also stacks up high in terms investment opportunities. In fact, it has been ranked as the third best investment location by Forbes.
In fact, Orlando boasts the second highest rental yield in the United States. Its rental yield is almost twice as high as in San Francisco, according to a study done by Finder.com.
Furthermore, not just Orlando, but three Central Florida cities — Orlando, Melbourne and Deltona — are among the fastest-growing municipalities in the nation, according to a new analysis by WalletHub, a personal-finance website.
All these reasons make it clear that Orlando (and Central Florida) is one of the best cities in the country for investing in residential real estate.
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