Orlando and Miami are two world-renowned cities throughout the world. And we’re fortunate to have both wonderful places in our state of Florida. For decades, we have seen investors that come to the State attracted by those cities. Now, many are still considering investing in a property in Florida, but they’re evaluating which is a better place for the investment.

Investing in property requires careful consideration, which goes beyond whether if the city is beautiful or which you like more. Putting your money into a property and receiving a good return for your investment, is a decision that you need to make carefully.

Both cities offer unique opportunities, but you need to consider the benefits of each one, the amount of money that you’re willing to invest and the goals of your purchase. 

Let's explore some considerations for each city:

Prices

This is a huge difference between the two cities. Miami has higher property prices when compared to other cities in Florida, including Orlando. This may require a significant investment from you, making it necessary to carefully evaluate your budget and cost of living, including the expenses that you will have as an owner. Typically, the higher the price, the more expenses you will have. 

On the other hand, Orlando has a wide variety of prices, giving investors more choices at the time of the purchase. Our prices are more affordable than Miami, and compared to that city, Orlando generally offers a lower cost of living, which can make it an attractive investment option for those seeking more affordable properties.

Finding the right property at the right price is one of the best things that you can do when you invest in a property.

Lifestyle

Miami is well known for its vibrant lifestyle, beautiful beaches, and its great nightlife and is one of the favorite spots for rich and famous from all over the world. Orlando is well known for the most popular theme parks around the world, such as Walt Disney World and Universal Orlando Resort and is a favorite place for families and residents of all ages that come here from around the world.

Appreciation Potential

Both cities have a robust and diverse economy. Also, a solid real estate market, with a great track record of appreciation over time. Both Orlando and Miami have experienced significant economic growth in recent years, thanks to new industries establishing themselves, providing them with economic stability and a favorable investment climate.

Rental/income potential

The Orlando area is considered the capital of the vacation homes and has a strong demand for short-term rental properties as is a popular tourist destination due to the theme parks. But Miami has long been considered a vacation paradise for beach lovers and international jet-setters. Many celebrities have bought mansions and luxurious condos there. All these mean that both cities attract tourists year-round who like to rent vacation homes rather than hotels.

Also, in Central Florida (Orlando) we receive thousands of newcomers every month, and this makes this area very attractive to invest in properties for long-term rentals as well. This segment is in strong demand and can provide you with a steady rental income. Orlando is not only known for its tourism but also has a diverse economy thanks to the technology, healthcare, and aerospace industries, which is favorable for the real estate market.

As you can read both cities offer benefits, opportunities, and considerations that you need to evaluate prior to investing in a property. Your decision will depend on your budget, goals and preferences.

If you think Orlando is your best option, we are here to help you. This is a great time to invest in a vacation home for short-term rental, or residential property, for long-term rentals. There are great incentives for buyers and great prices.

Our expert team at Viva Orlando, are local real estate professionals, who live and work here in our city. We have helped hundreds of customers to invest in properties. Contact us and we will talk about the market trends and answer all your questions.