City of Orlando housing statistics, 2020-2024
Orlando is currently experiencing a housing shortage, with demand increasing faster than supply, resulting in an increase in housing prices. The city is working to address this shortage by ensuring there is a robust pipeline of approved development projects that can receive their required permits and begin construction.
- The population of Orlando grew approximately 14% between 2020 and 2024, while housing stock grew by 11%, resulting in a 3% gap and a shortage of approximately 9,400 units.
Looking ahead to 2035
Orlando's population is projected to increase by more than 90,000 people in the next ten years, equating to a need for 46,000 new housing units. The city aims to create a housing market that's larger than the projected population growth, which creates more diverse housing options for residents. The following numbers outline projects and developments currently underway, approved or in the review process, ultimately contributing toward our housing stock in the next 10 years and beyond.
- 9,201 units actively under construction
- 18,009 units have approved master plans or are in permit review
- City has approved zoning for future phases of Lake Nona, Sunbridge, Everbe and other projects that allow for up to 43,661 additional units
Short-term outlook
Despite the housing shortage, the market has begun to show small improvement in 2025.
- Rental unit prices have declined slightly
- Source: ZillowRentals, Orlando, FL Rental Market
- Median home price has declined approximately 1% in the last year, while inventory has risen more than 27%
- Source: Orlando Regional REALTOR® Association, State of the Market, June 2025
- The market may react by reducing construction, but the two to three year development time frame cannot change course as quickly as housing prices. Future reports will confirm whether these reductions are short-term or sustained for several years.