Seminole County - Orlando
The population has grown only slightly faster than the national rate, but job growth has been twice the national average, with many new jobs in business services and construction. The demographics show fairly high income and a home price-to-rent ratio that is favorable for single-family rentals.
I expect a 26 percent rise in home prices over the next three years, and a high level of construction - 9,000 new single-family homes and 6,000 new rentals. Population growth and demand for rentals have been especially strong in the 32703 zip code area, northeast of Lake Apopka, where income is high and immigration is strong.
