While the city was built on theme park fame, the number and variety of Orlando attractions have grown to include world-famous restaurants, high-end outlet shopping centers, theatrical performances, and amazing concert and sporting event venues.
Orlando's population is 2.7M, with a total workforce of 1.3M. The labor market grew by 111,800 jobs over the past year, up by 9.1%. The median household income in Orlando is $60,066, 7.0% lower than last year and 11.0% below the national average of $67,521.
In the housing market, total permits issued totaled 29,274 over the last twelve months, up 24.7% year-over-year. Orlando has 270 active new home projects on the market, 10.3% fewer than the 301 from last year. The average list price in the market is $501,643, 32.7% higher than last year and 11.3% above the national average. Over the last three months, new home contracts decreased by 8.2% to 4,399. Lady Lake and Kissimmee had the highest concentration of the new home contracts in the Orlando market.
