- Orlando’s apartment inventory growth surged in 2024, with over 14K new units added, placing it among top markets like Newark and Washington, DC.
- Kissimmee/Osceola County, Orlando’s largest submarket, accounted for 25% of the city’s new apartment supply, thanks to nearby theme parks.
- Ocoee/Winter Garden Clermont and South Orange County markets also grew, with Orlando’s submarkets expected to lead supply growth in 2025.
Orlando’s apartment market is thriving, with Kissimmee/Osceola County leading the nation, thanks to major theme parks and local job growth, per GlobeSt.
By The Numbers
In 2024, Orlando emerged as one of the fastest-growing markets for apartment inventory in the US, with slightly over 14K new units delivered.
This growth placed Orlando between Newark’s 15.3K new units and DC’s 13.3K units, according to RealPage Market Analytics.
The Crown County
The Kissimmee/Osceola County submarket, which encompasses Kissimmee, Celebration, and St. Cloud, is Orlando’s largest submarket. The county is seeing rapid job growth, particularly in the leisure and hospitality sectors, thanks to the booming theme park economy.
Benefiting from nearby world-famous tourist destinations like Walt Disney World Resort (DIS), Universal Orlando Resort (UVV), and SeaWorld (PRKS), the area saw 3.48K new units in 2024, accounting for 10% growth in its apartment inventory.
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Kissimmee/Osceola County also ranked as the 17th-fastest-growing apartment market in the US in 2024, ahead of Central Nashville and North Central Austin. Last year’s delivery volume spiked to nearly double the area’s decade-long average of 1.5K units per year.
Despite this rapid expansion, apartment demand remains robust, with the submarket absorbing almost all of its new inventory in 2024 (around 3.35K units, or 96.3% absorption).
Strong Performers
In addition to Kissimmee/Osceola County, other Orlando submarkets also contributed to the region’s apartment growth:
- The Ocoee/Winter Garden Clermont submarket added nearly 2.95K units, or 16.4% more inventory. This placed it 24th among the nation’s largest apartment markets.
- South Orange County added nearly 2.22K units, up 6.9% for the year and ranked 42nd nationally.
Looking Ahead
Orlando’s apartment market shows no signs of slowing down, with its three top-performing submarkets to account for 59% of new units in 2025. As Orlando keeps expanding, its submarkets are expected to remain key drivers of both inventory and demand.
