Orlando has a total population of 280,257 and 35.50% of the population own their home. 64.50% of the occupied housing units are renters within the Orlando metro area. The median gross rent from 2014 - 2016 was $1,040. Today, the rental rate has risen 20.77% from 2016. Residents tend to be more long term with 74.60% staying in their residence for more than 1 year. For those who own a home, the median value of the house is $172,100.
The average rental rate for all rental properties within Orlando is $1,256. The rental rates by bedrooms is as follows. For a studio, $952. For a one bedroom, $1,109. For a two bedroom, $1,339. And for three bedrooms, the rental rate is $1,591. The average sq ft for a rental unit is 932 sq. ft. With 3 bedrooms being about on average 1,329 sq. ft.
By neighborhood, the average rental rates in Orlando are as follows:
The Willows - $871
Signal Hill - $871
Seaboard Industrial - $871
Rosemont North - $871
Mercy Drive - $871
Princeton - Silver Star - $913
West Colonial - $1,025
Rosemont - $1,055
South Division - $1,104
Wedgewood Groves - $1,112
Mariners Village - $1,112
Dover Estates - $1,112
Bryn Mawr - $1,112
Conway - $1,114
Wadeview Park - $1,118
Southern Oaks - $1,118
Sodo - $1,118
Pineloch - $1,118
Lancaster Park - $1,118
Lake Weldona - $1,118
The total population under the age of 18 is 28.80%. While those over 65 is 10.10%. Women make up 51.90%, while men make up the remaining 48.10%. 61.00% of the population is White, 29.20% is Latino and 26.40% African American.
19.9% of the population in Orlando is considered to be at the poverty level. The education level is rather high with 89.50% with a high school degree or higher. The median annual household salary for Orlando is $44,007 with 50.70% of all businesses within the city being owned by men, while 40.38% are owned by women and 47.55% of businesses are minority owned.
A vital part of the Orlando area economy is involved in the tourist industry. It is home to Walt Disney World Resort, Universal Orlando Resort, and Sea World Orlando. Over 48 million visitors come to the Orlando each year. The convention industry is also critical to the region's economy.
The Orlando metropolitan area has a population of 2,082,628 and it is the 27th largest metropolitan area in the United States. Sunny Orlando is a major tourist destination. With almost 500 hotels and 113,000 guestrooms, Orlando offers more lodging options than nearly any destination in the world. Accommodations range from luxury resorts and themed hotels to charming bed and breakfasts, economy hotels/motels and campgrounds. There are also more than 26,000 vacation home rentals available and more than 16,000 vacation ownership units.
The Orlando Metropolitan Area is home to a substantial theater population. Several professional and semi professional houses and many community theaters found in the area include the Central Florida Ballet, Orlando Shakespeare Theater, Orlando Repertory Theatre, Orlando Theatre Project, Mad Cow Theatre, Theatre Downtown, Winter Park Playhouse, Theatre Winter Haven, and IceHouse Theatre in Mount Dora. Orlando is a lucrative retail market with at least five major upscale department stores and more than 50,000,000 square feet of shopping space in Central Florida.
Orlando is the home city of the Orlando Magic NBA team, the Orlando Predators Arena Football League team, the Orlando Titans NLL indoor lacrosse team, the Florida Tuskers UFL team, the Orlando Fantasy LFL team and the UCF Knights college athletics teams.
The Walt Disney World resort is the area's largest attraction with its many facets such as the Magic Kingdom, Epcot, Disney's Hollywood Studios, Disney's Animal Kingdom, Typhoon Lagoon, Blizzard Beach, and Downtown Disney. SeaWorld Orlando is a large park that features numerous zoological displays and marine animals alongside an amusement park with roller coasters and water park. Universal Orlando, like Walt Disney World, is a multi faceted resort comprising Universal Studios Florida, CityWalk, Islands of Adventure, and the Wet n' Wild water park. Orlando attractions also appeal to many locals who want to enjoy themselves close to home.
Orlando is home to several institutions of higher learning, including the University of Central Florida, Florida A&M; University College of Law, Valencia Community College and Seminole State College of Florida (Sanford, Oviedo, and Altamonte Springs). Orlando is home to Orange County School District which is consistently rated one of the top school districts in the nation. OCPS Means Success! There are 142 high-performing 'A' and 'B' public schools in Orange County! Thirteen Orange County high schools were named to the Newsweek "America's Best" list, among the top six percent of public high schools in the nation, based on the rigor of their curriculum and coursework.
The Orlando International Airport (MCO) is Orlando's primary airport and currently the second busiest airport in Florida. The Orlando area is served by one through railroad, CSX Transportation's A line (formerly the Atlantic Coast Line Railroad's main line), and some spurs, mostly operated by the Florida Central Railroad. Amtrak passenger service runs along the CSX A line. Orlando is served by LYNX; it provides local transit service covering a five-county area: Orange, Seminole, Osceola, Lake, and Volusia.
Use Rentbits to find your next rental in Orlando, FL. You can find all sorts of property types for rent such as apartments, houses, condos, townhouses and duplexes.
You can filter Orlando, FL rentals by price, bedroom size, square footage, property type, restriction and mode. You will never again miss this perfect apartment or a house for rent in Orlando, FL.