The 34747 zip code which includes Reunion and Kissimmee Fl, ranked the eighth-hottest zip code in the U.S. among homebuyers. The 34787 Zip code of Winter Garden Fl., came in as the 14th most popular Zip code in the U.S. according to a report published by Opendoor Technologies Inc. in January, and reported by Alex Soderstrom of the Orlando Business Journal.
There is an estimated local economic impact of $112K for every home sale according to the National Association of Realtors. The housing market can also be indicative of the local economy’s overall health. The report was determined by how many homes went under contract within 90 days in 2022 from the Multiple Listing Services and ranked by zip code. This could largely be attributed to the short-term rental homes acquired by investors renting to vacationers visiting Orlando according to a representative from Armel Real Estate Inc . Osceola County, which includes Kissimmee and Reunion had the second largest growth in U.S. Luxury second home sales according to an analysis from Pacaso, a luxury second-home marketplace firm, which also reported a 6.1% year over year increase. Even though the local housing market ended 2022 with a 42% decrease in home sales from 2021, the median sales price was up 3.9% Year over year.
