Orlando has recovered strongly from the recession and the tourism industry is leading the way for prosperity, increased jobs, and a higher demand for rental properties. 62 million tourists visited Orlando last year and that number is only expected to increase with the Wizarding World of Harry Potter – Diagon Alley at Universal, and the new Fantastyland at Disneyland.
The tourism jobs that are flourishing in Orlando are expected to drive up the need for more rental properties to support the workforce. Currently homeownership levels are in the mid-60% range, dropping from 77% during the housing boom. This is a great time to take advantage of a marketplace with a high projected demand for SFRs.
Would you like to learn more about what you can expect to see in the economic climate in Orlando? HomeUnion®’s research services team has created a detailed and in depth report which is now available for download.