Orlando-Kissimmee-Sanford, FL Federal Housing Finance Agency Home Price Index (FHFA HPI)

Orlando-Kissimmee-Sanford, FL, is a metropolitan statistical area located in the central part of the U.S. state of Florida. The metro area includes the cities of Orlando, Kissimmee, and Sanford. The Orlando-Kissimmee-Sanford metro area is one of the fastest growing in the United States. In 2010, it was the fourth most populous metro area in Florida with a population of 2,134,402. The metro area has experienced a population boom since the late 1990s due largely to an influx of retirees from Northern states and immigrants from Latin America and other countries.

The median home value in Orlando-Kissimmee-Sanford is $206,900 as of September 2017 according to Zillow.com. This is a 5% increase from last year ($196,700) and a 20% increase from five years ago ($172,000). Home values have been on the rise in Orlando for several years now as more people are moving to the area for work or retirement. The median rent price in Orlando is $1,595 as of September 2017 according to Zillow.com . This is a 3% increase from last year ($1,550) but only a 1% increase from five years ago ($1,585). Rent prices have not increased as much as home values over the past few years due to strong competition among landlords resulting in lower prices for tenants.

The average 30-year fixed mortgage rate in Orlando is 3.88% as of October 2017 according to Bankrate’s national survey of large lenders . This rate represents a slight decrease from last year’s average rate of 4%. Mortgage rates have remained relatively low over the past few years which has helped fuel the housing market recovery following the housing crash and recession of 2008-2009 .

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) shows that home prices in Orlando have increased by 6% over the past year and by 33% since 2012 . The HPI is a weighted average of home prices across all single-family homes with mortgages backed by Fannie Mae or Freddie Mac . It provides a good measure of overall trends in home prices across different regions within each state .

Orlando’s strong job market , warm climate , and growing population are all factors that contribute to its appeal as a place to live . The region’s diverse economy , which includes tourism , healthcare , professional services , and manufacturing , also helps insulate it against economic downturns experienced by other parts of Florida or nationally . These positive trends are likely to continue driving up demand for housing and pushing prices higher in coming years .