Orlando has been rated as the fastest-rising major housing market by Realter.com. Real estate in Orlando is selling faster and receiving more attention than ever before with homes staying on the market for a brief amount of time. Choosing the best neighborhood in Orlando to invest in rental property doesn’t have to be a major challenge. It’s more about understanding peoples' unique needs and interests and choosing a neighborhood based on those personal tastes.
Here are the top six areas to purchase a rental property that will be hugely beneficial to the success of your investment in Orlando, based on safety, culture, quality of schools, and entertainment.
Park Lane Highland
Park Lane neighborhood is rated as the best place to live in Florida, according to Niche.com. The quiet oasis situated north of the city with scenic views is home to many youngsters and families who enjoy various bars, restaurants, coffee shops, and parks in the neighborhood.
The neighborhood has smaller campuses spread throughout the area and is one of the top academic schools in Park Lake. Homes in this neighborhood are in high demand with properties starting at around $200,000- $399,000.
Winter Park is potentially one of the best downtown Orlando neighborhoods to buy a rental property. It is the most established and well-known city when people talk about Orlando. Winter Park is wrapped around the beautifully designed Rollins College, the area ripe with beauty.
Work-life and job growth opportunities are also high on rising here. According to BestPlaces, Winter Park’s future job growth is 47.7%, which is 14.2% higher than the US average of 33.5%.
According to Realtor.com, the median list price is currently at 389.9K, and now, 168 rental properties are available.
For people who are commuting to their workplaces in Orlando, Lake Nona is an up-and-coming attractive area. It has two neighborhoods one with higher-priced homes and one with more affordable properties and both areas have a lot of investment potential. Therefore, property investors have a huge growth potential here. Lake Nona is a neighborhood attracting families from different socioeconomic backgrounds. Housing units range from luxury homes to more affordable homes. Moss Park, Walt Disney World, Universal Studios, International Drive Area, and SeaWorld are some of the areas nearby that make it attractive to property investors.
Williamsburg is located near some of Orlando’s most beloved attractions, and tourists love the growing excitement of this neighborhood on the rise. The new restaurants, new stores, and new ways to enjoy the city people already love are available here and thus make it the most enjoyable neighborhood that is also safe.
Baldwin Park has all the amenities of a big city, but it also has beautiful hiking trails and lots of parks and green spaces that are harder to find in bigger centers. The city hosts a variety of festivals and events throughout the year, including the Summertime in Baldwin Park Concert Series.
The present median home value in Baldwin Park is $380,400.
Also Read: Top 10 Florida Cities With The Highest Rental Prices
Kissimmee is a great Downtown Orlando neighborhood for investors looking for an investment property at an affordable price. It has excellent neighborhoods surrounding it and homes in these neighborhoods generally offer lower home prices and lower property taxes.
It is an excellent choice for investors as Kissimmee is next door to theme parks and exciting attractions of Orlando, FL, thus serving as a great vacation spot. Thrill-seekers can enjoy flying warplanes, zip lines, jet skis, and helicopter rides. Lake Toho or Shingle Creek offers kayaking for conservation lovers.