Cost of Living,
Winter Park's Real Estate Market
Orlando-Kissimmee Metro Area
Profile: Diverse resort city
Location: East-central Florida, about 25 miles from the Atlantic Coast
Time zone: Eastern Standard Time
|Outdoor recreation ||Hot, humid summers|
|Strong job growth||Growth and sprawl|
Before Walt Disney World came to the area in the 1970’s, Orlando was a sleepy town with an economy based on citrus and cattle. Starting with the clandestine 1965 purchase of forty-three square miles of farmland southwest of the city and the opening of Walt Disney World in 1971, the city has become a major tourist destination and entertainment center. It is so much a tourist attraction, and known so well for its tourist venues, that evaluating it as a place to live is a challenge.
A variety of activities and attractions have been built around the Disney complex, and in areas nearby (mostly south of town). The area plays host to some 50 million tourists each year, and has also developed a convention industry second only to Las Vegas. The good news is that most of the tourist activity is confined to the that south and southwestern portion of the city. Kissimmee is part of this explosion south, and is strongly connected to the tourist industries, but it has a nice small and historic downtown area.
Downtown Orlando and areas north and east of the city support a fairly normal Florida way of life. Lots of retirees, families and working professionals gravitate towards Winter Park, Maitland and other suburbs north. The employment base in the area outside of tourism is relatively strong, with a large high-tech and military high-tech presence. Notable employers include IBM, Siemens, Veritas, Electronic Arts, General Dynamics, and Northrup/Grumman. The area has also become a popular headquarters location for service businesses, including restaurateurs Darden, Hard Rock Café and Ruths Chris Steakhouse. Overall the employment base is becoming more diverse.
The cost of living and housing has risen considerably in recent years but is considered by many to be reasonable for a place with so many amenities, The central location and transportation network give excellent access to other areas in Florida, and air service is excellent. Orlando has grown very rapidly since Disney arrived, resulting in considerable sprawl. The area continues to grow to the northeast towards Sanford and Deltona. Traffic can be bad and commute times long. The crime rate is also one of the state’s highest. Because of its inland location the Orlando area is generally thought to have less hurricane risk.
The flat area is a mix of open land and mostly deciduous woods surrounded by lakes. The fertile terrain is suitable for orchards and citrus crops. The climate is subtropical with inland and marine influences. Summers are warm and humid but temperatures over 95 are rare and breezes provide comfort. The rainy season extends from June through September, with scattered showers and thunderstorms almost daily. Winters are mild with light rainfall. Although not a great threat because of the inland location, hurricanes can create heavy rains.
Interesting Facts about Winter_Park, Florida
As of 2014, Winter Park's population is 28,283 people. Since 2000, it has had a population growth of 1.39 percent.--------------------
The median home cost in Winter Park is $297,100. Home appreciation the last year has been 14.70 percent.--------------------
Compared to the rest of the country, Winter Park's cost of living is 25.30% Higher than the U.S. average.--------------------
Winter Park public schools spend $10,422 per student. The average school expenditure in the U.S. is $12,435. There are about 16.9 students per teacher in Winter Park.--------------------
The unemployment rate in Winter Park is 4.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Winter Park jobs have Increased by 4.97 percent.
Ranked #5 High Gas Prices - Which Cities are Hit the Hardest?
Ranked #5 Fiscally Fit Cities Report
Ranked #6 Stressful Cities 2012
Ranked #6 2005 High Gas Prices
Ranked #7 Sleepless Cities 2011
See More Rankings Click Here
Average Commute time is 21 minutes. The National Average is 25 minutes.--------------------
Winter Park's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes