If you’re reading this, you may be an investor, or potential investor, seeking to grow or expand your rental property portfolio. If you’re unfamiliar with the landscape of the Orlando Metropolitan area, I can assure you that residential property investors can truly reap the long-term benefits of rental property ownership here in Orlando.
While there are many prosperous investment areas in the United States, Florida’s lack of income tax and lower property taxes put Florida real estate investors at an advantage- positioning Florida property owners to benefit from increased profits and decreased expenses that property investors in other states cannot achieve.
Considering its major tourist attractions, thriving economy, and continuously expanding infrastructure and residential construction, Orlando and its surrounding areas are some of the hottest rental markets in the country. While it’s easy to tell you to invest in Orlando, there’s much more to it. The Orlando Metropolitan Area encompasses multiple counties; Orange, Seminole, Lake, and Osceola counties. In addition, counties like Polk County are rapidly growing in popularity. So, choosing your exact investment destination can be challenging. However, as an experienced Orlando property manager, I’m here to tell you about the 4 best areas for Orlando Investment properties today!
Davenport, Florida Investment Properties
Davenport is one of the most popular Orlando surrounding neighborhoods at the moment. While Davenport is located in Polk County and considered a part of the Lakeland-Winter Haven Metropolitan Area, the city is close in proximity to Orlando and all it has to offer. Davenport is one of the best areas to invest in right now because of its rapid population and rental demand growth.
Davenport is considered Polk County’s fastest growing city as its population has increased a whopping 42% from 2020-2024. Davenport offers residents a true residential feel with a variety of property types, parks, shopping malls, and the city of Orlando within a short drive. Whether you’re seeking multiple rental properties, a single-family home, a duplex, or even a property within a 55+ community, Davenport has it all. As an Orlando property manager, I’ve witnessed a sharp increase in rental property investments in the area.
According to Zillow, Davenport’s rental market consists of:
- Median rent: $2,250
- Month-Over-Month Change: +$5
- Year-Over-Year Change: -$100
- Available Rentals: 722
2) Kissimmee, Florida Investment Properties
Kissimmee is a vibrant community that is continuously growing in popularity. With many attractions nearby, Kissimmee is popular for families, students, and retired renters who are seeking a luxury or resort-style living
Located in Osceola County, about 30 minutes south of Orlando, Kissimmee currently has over one thousand rental properties. A large portion of these homes are located within gated communities, offering resort-style living with luxurious amenities and activities. The tropical style amenities like pools, spas, tiki bars, and state-of-the-art gym facilities make Kissimmee short-term vacation rentals so appealing.
Whether a renter is looking to stay in their community or venture out, Kissimmee has activities for people of all ages and unique experiences that cater to different lifestyles. If a visitor prefers to relax, the resort-style communities have everything you need for your tropical oasis vacation right there.
In addition to resort-style living, Kissimmee is sought-after because there are also a wide array of activities and attractions to explore within a short drive. Kissimmee is out of the commotion of the main theme parks but just the right distance away from those looking to venture out to Disney World or Universal Studios.
According to Zillow, Kissimmee’s rental market consists of:
- Median rent: $2,250
- Month-Over-Month Change: $0
- Year-Over-Year Change: -$65
- Available Rentals: 1,076
3) Winter Park Investment Properties
Winter Park will always be a staple of the Greater Orlando Area. Winter Park is a promising investment destination because residents tend to enjoy the lifestyle Winter Park brings, and the sense of community is unmatched.
This area is home to about 28,486 residents and located just north of Orlando in Orange County, Florida. Winter Park is known for its true community feel with picturesque parks, including Central Park, an 11-acre park known for annual events and community gatherings that bring residents together. In addition, Winter Park’s brick-lined streets, spectacular homes, museums, deep lakes, and shops along Park Avenue contribute to the charm and appeal that renters seek in a community. If you’re looking for an area that is bound to attract and retain tenants, Winter Park is definitely a lucrative investment choice.
According to Zillow, Winter Park’s rental market consists of:
- Median Rent: $2,095
- Month-Over-Month Change: +$95
- Year-Over-Year Change: -$85
- Available Rentals: 225
4) Winter Garden Investment Properties
Winter Garden is a lively, up-and-coming area located 14 miles West of Downtown Orlando. Winter Garden is home to young professionals, families, retirees, and people of all ages who enjoy a fun-filled community atmosphere; this suburb of Orlando is one of the most diverse in all of Florida with almost 50,000 residents.
The Winter Garden community exudes the “small town charm” that many Florida residents desire and find comfort in. The community supports its small businesses, fostering a positive and uplifting atmosphere. The community officials want the best for the area which shows through initiatives like this survey regarding traffic safety.
Winter Gardens’ slogan is “where good things grow”, and that is exactly what your investment property will do here. As an Orlando and Winter Garden Property Management Company we know the area is home to eclectic art exhibits, cafes and bakeries, and weekly events such as parades, holiday light shows, farmers markets, and live music, the area is highly attractive and sought after.
According to Niche.com:
- The median home value in Winter Garden is $349,700
- The median rent in Winter Garden is $1,360
- 30% of residents are renters
- #27 of 380 most diverse suburbs in Florida
- #53 of 380 suburbs with the best public schools in Florida
Advice for Orlando Property Investors from an Orlando Property Manager
Investing in one of the Orlando metropolitan area neighborhoods will be one of the best decisions you can make. The profitable nature of Orlando rental properties allow investors to optimize their income and financial returns, earn property appreciation, save for retirement, and even earn a lifetime of passive income with the help of an Orlando property management company.
Choosing the right neighborhood for your Orlando investment property can be difficult; there are so many beautiful neighborhoods with diverse offerings to choose from. At The Listing Real Estate Management, our team of property management professionals know the ins-and-outs of the Orlando Metropolitan Area real estate market. We’ve helped Orlando property investors choose the right destination by evaluating their long-term and short-term goals, and we can do the same for you!
If you’re looking to invest in the Orlando metropolitan area and profit from the growing rental market, The Listing Real Estate Management is here to serve as your guide to success! To learn more about our services and choose one of the up-and-coming Tampa neighborhoods, contact us today at The Listing Real Estate Management, your boutique property management company!
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