Orlando's population is 2.5M, with a total workforce of 1.2M. The labor market grew by 52,100 jobs over the past year, up by 4.2%. The median household income in Orlando is $54,611, 4.3% higher than last year and 11.0% below the national average of $61,372. In the housing market, total permits issued totaled 25,495 over the last twelve months, up 10.3% year-over-year.
Orlando has 425 active new home projects on the market, 3.8% fewer than the 442 from last year. The average list price in the market is $345,585, 0.1% higher than last year and 7.9% above the national average. Over the last three months, new home contracts increased by 3.5% to 3,675. Kissimmee and Winter Garden had the highest concentration of the new home contracts in the Orlando market.