f you've considered buying property in Orlando it might have been due largely in part to being in close proximity to Disney World and other amazing theme parks as well as our warmer climate. Orlando, the City Beautiful, is a family oriented city with an abundance of entertainment and easy access to beaches on either coast. Now,Orlando is proclaimed as the #2 housing market to invest in for 2016.
Forbes teamed up with Local Market Monitor, a North Carolina based data company to determine the 20 best housing markets to invest in this year. The characteristics used to determine the best buy cities included healthy job growth, strong population growth, and forecasted home price appreciation.
Orlando has seen a 10% home price increase year over year, while still having a 3 year growth forecast of 28%. Our unemployment rate is below 5% and we have seen an annual job growth of 3.7%, one of the highest rates of the 100 metro areas that were examined.
Orlando is already the most visited city in the United States, it's growing rapidly, and it is becoming even more accessible to international travelers with expansions to our airport and more and more direct flights being added to and from prominent hotspots across the world. Combine these facts with increasing rent prices, and Orlando is a very attractive investment opportunity whether you care about Mickey Mouse or not.