Orlando Real Estate Market Booming, Ranked No. 5 in US
With median home prices in Orlando rising, the local housing market is on fire. So much so, a recent report by ZipRealty ranked Orlando as No. 5 on its list of the top 10 booming real estate markets with the best public schools. Education is often an important consideration for home buyers, so this news is welcome for home shoppers looking to purchase an Orlando new home.
To compile its list of the top 10 booming real estate markets in the United States, ZipRealty looked at growth in median home prices as of mid-August 2013. With a current median home price of $144,900, Orlando has seen a 26 percent increase in year-over-year median home values.
Orlando was the only Florida housing market to make the list. Here is the complete top 10 list from ZipRealty:
- San Francisco Bay
- Las Vegas
- Los Angeles
- San Diego
- Orange County, Calif.
This isn’t the first report to rank Orlando as tops for education or housing – earlier this year, Movoto ranked Orlando as one of the smartest cities in the US. Additionally, Orlando ranks 6th nationwide for employment satisfaction. With the city’s abundance of attractions, shopping and dining, Orlando is the place to be and now is a great time to purchase an Orlando new home.
Highland Homes currently builds Florida new homes in two metro Orlando communities: Deer Creek in St. Cloud and Whitemarsh in Leesburg. Both locations are convenient to all that Orlando has to offer, and our stylish home designs are priced affordably from the low-$100,000s.
In addition to Orlando, Highland Homes builds beautiful homes in nearby Polk County and throughout Central Florida, Tampa Bay, Manatee County, and coming soon to Ocala. For more information on all of our Florida communities, visit the Highland Homes website today.