Orlando is famous for its theme parks like Disney and Universal, but in recent years, the reasons for visiting this area have increasingly shifted from tourism to "moving here to live." Families are drawn to the good schools, relatively spacious yards, and still manageable home prices. These are some of the reasons Korean families considering a move to Orlando have likely heard about.

However, in the past five years, those "manageable home prices" have changed significantly. According to Zillow data, the average home value in the Orlando area was around $265,000 at the beginning of 2021, but as of 2026, it has risen to about $376,000. This means a cumulative increase of approximately 42% over five years.

Considering that the national average increase is reported to be between 35% and 45%, Orlando's growth is on par with or slightly above the national average.

Looking at it year by year, from 2021 to 2022, Orlando experienced double-digit increases, similar to other Florida cities, marking a period of rapid growth. However, starting in the second half of 2022, as interest rates rose, the pace of increase noticeably slowed. In 2023 and 2024, with an increase in new supply, the market began to shift slightly towards a buyer's advantage. In the past year, the average home value has actually decreased by about 2.8%, indicating a cooling off after the rapid rise.

The first question that comes to mind is, "Why have home prices in Orlando increased so much?" The answer is relatively simple. A stable job market built on theme parks and tourism, combined with the rapid growth of healthcare and tech jobs in recent years, along with still low tax burdens compared to other states, has driven population influx. However, the recent surge in new construction appears to be slowing the pace of price increases as supply begins to catch up with demand.

It is important to cautiously observe how the market will evolve. As long as population growth continues, the likelihood of a significant drop seems low, but considering the increased supply and insurance costs, it is expected that a steep rise like in the past will be difficult to replicate.

For Korean families just starting to consider a move, it may be better to approach the situation calmly, weighing school districts, community, and commute distances rather than rushing in with the thought, "Is this my last chance?" For those already settled in Orlando, it is also worth noting that the recent adjustment phase does not necessarily mean it is time to rush to sell.