Population Growth: Florida, and Orlando in particular, have seen strong population growth over the past few years. The state added over 1 million new residents recently, and this trend is expected to continue, although at a slower pace due to rising costs of living (Florida Chamber of Commerce) (moveBuddha).
Popular Areas: Cities like Ocala and Pensacola in Florida are among the top destinations in the U.S. for new residents, with Ocala being particularly attractive due to its affordable housing and quiet lifestyle (moveBuddha).
Cost of Living: The rising cost of living in Orlando and other parts of Florida is causing some residents to move to states with lower costs, such as Georgia, North Carolina, and Tennessee (Florida Chamber of Commerce).
Affordability Issues: The trend is also driven by economic factors such as housing affordability and property taxes. States like South Carolina and Tennessee, with lower living costs and growing job markets, are increasingly popular destinations for those leaving Florida (moveBuddha).
Apartments and Condos: There are numerous move-in specials for apartments in Orlando, indicating a competitive rental market. Properties range from luxury apartments with extensive amenities to more affordable options (Zumper - Apartments for Rent & Houses).
Variety in Housing Options: The Orlando area offers a diverse range of housing, from high-rise condos in urban settings to spacious homes in suburban neighborhoods. This variety caters to different preferences and budgets, contributing to the area's dynamic real estate market (Zumper - Apartments for Rent & Houses).
Overall, while Orlando continues to draw in many new residents due to its attractive lifestyle and economic opportunities, the rising costs of living are prompting some to seek more affordable living conditions elsewhere. This dynamic creates a balanced but competitive housing market in the city.