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​Orlando homeowner turnover zips to fourth place

​Orlando homeowner turnover zips to fourth place

by DeVore Design, May 17, 2019

Homeowners in Orlando stayed in their homes an average of 6.59 years, the fourth shortest time nationwide according to a study that looked at the years between 2014 and 2017.

  • The cities with the shortest tenures — Las Vegas, Phoenix, Austin, and Orlando — are all in warm-weather areas.
  • Cities with shorter housing tenure have greater price appreciation. The 10 cities with the shortest tenure have an average three-year home price appreciation of 30 percent compared with just 12 percent for the 10 cities with the longest tenure.

Orlando Factoids

Average housing tenure: 6.59 years
Median home value, 2017: $219,000
Three-year home price appreciation, 2014 – 2017: 35%