New Construction Homes in Greater Orlando Area

About Greater Orlando Area

Orlando offers the perfect balance of opportunity, entertainment, and natural beauty, making it an incredible place to live. While the city is known as a tourist destination with many famous theme parks, it’s also considered a great place to settle down. In fact, the city was recently ranked as one of the fastest-growing and best places to live in the United States. The Orlando metropolitan area, often referred to as Greater Orlando, is located in central Florida. It spans four counties, Lake, Orange, Osceola, and Seminole, and its major cities include Orlando, Kissimmee, and Sanford. Greater Orlando has a population of around 2.6 million people. Recently ranked amongst the top cities in the United States for job seekers, Orlando offers promising job opportunities in various industries. While tourism plays a key role in Orlando’s economy, there are also plenty of opportunities in other sectors, including technology, film and television production, healthcare, manufacturing, education, aviation, and biotechnology. There are also several Fortune 500 companies headquartered in Orlando.

Housing in Greater Orlando Area

Orlando offers all the benefits of living in a big city minus the price tag. Orlando’s cost of living is only four points higher than the national average and about average for the state of Florida. This is significantly lower than other big cities, such as Miami, which is 22 points higher, and Denver, which is 28 points higher. Buying a home in a desirable neighborhood in Orlando is highly affordable, and even day-to-day expenses like groceries and transportation are cheaper than in many other places in the U.S. Add to that the fact that there is no state income tax in Florida, and you’ll quickly find that your money stretches further living here in Orlando.

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Real Estate in Greater Orlando Area

The Greater Orlando area’s real estate market has been booming for the last few years and has recently ranked as the hottest real estate market for real estate investment. Although there is still a limited supply of homes in Orlando, the market is beginning to cool due to lower demand caused by interest rate rises and economic uncertainty. Experts expect that low inventory and continued strong demand for housing in the Greater Orlando area will maintain the market’s position as a sellers’ market in 2023.

Most Recent Communities in Greater Orlando Area

Most Recent Homes in Greater Orlando Area

New Construction Market in Greater Orlando Area

If you're looking to purchase a home in Orlando, market trends indicate good reason to consider a new build home. Many new developments in the Greater Orlando area offer options designed for every lifestyle and budget. While the cost of new construction may or may not be less than the price of a comparable resale house, you can be sure that you are getting better value for your money when you buy new in Orlando. New homes provide modern systems, appliances, and the latest and most energy-efficient technology and are typically built in the most desirable neighborhoods.