Buying Foreclosure Homes in Orlando, FL: Everything You Need to Know
There are seven distinct types of homes featured in Orlando.
Craftsman Bungalows are the reigning architectural style of historic Orlando.
Art Deco buildings bring glam and curb appeal.
Large Mediterranean homes encompass Spanish and Italian influences.
Pueblo designed homes share Mediterranean influences, but are much smaller and more affordable.
Townhomes offer more traditional design, and Planned Communities include single-family homes.
There are many resort-style and high-rise condos that are close to entertainment and restaurants.
Finally, Contemporary Homes are newer builds that give a more modern feel to its community.
The median value of owner-occupied housing in Orlando is $217,800, with a monthly cost of $1,557. The median gross rent is $1,139.
Homefinder has everything you need to find foreclosure homes in Orlando, FL. Listings are updated daily, so check back often to see even more foreclosed homes in the area.
Orlando Real Estate: The Cost of Living
If you plan to move to Orlando, you should consider how much you will be spending every month to live comfortably. Below is an overview of some of those monthly living expenses.
Median Rent: $1,072 for a studio up to about $1,815 for a 3 BR unit
Median Home Price: $308,483
Food and Groceries: 2% higher than national prices
Healthcare: 12% lower than the national average
Sales Tax: 6.5%
An Abundance of Local Attractions
Local attractions bring in tens of millions of visitors yearly. Orlando is home to four Walt Disney World Parks: Magic Kingdom, Epcot Center, Hollywood Studios and the Animal Kingdom. You can also visit the Kennedy Space Center, which is just an hour away. Gatorland is unique to Florida, with thousands of reptiles on display.
There are also many fun festivals to experience throughout the year like the Asian Lantern Festival, a cultural engagement with huge sculptural LED lantern displays featuring a 200-foot-long dragon. Another favorite amongst the locals is the annual Seafood and Jazz Festival that headlines famous artists, live jazz performances, and fresh seafood.
A City That Loves Its Sports
To watch sports in Orlando, flip the channel to Spectrum News 13, which shows all the local games. There are a few local professional sports teams, such as the Orlando Magic (NBA) and the Orlando City SC (MLS). The annual spring training for the Atlanta Braves (MLB) is at the ESPN Wide World of Sports Complex located at the Walt Disney World Resort in Orlando.
Various colleges have great sports teams with rigorous training programs. This includes the UFC Knights, a football team that competes in the NCAA Division I. The Citrus Bowl is held at the Camping World Stadium in Orlando. This city has hosted the 1994 and 2018 FIFA World Cup and is in the running to host the 2026 FIFA World Cup.
Warren Sapp, Michelle Akers, Shaquille O'Neal, and Tiger Woods are some of the world-known athletes that call Orlando home.