Kissimee Florida investors

[Chris Brightwell]

Are there any investors that buy In Kissimmee Florida?

[Errol Graham]

Quote from @Karen Ning:

@Errol Graham

Thank you for sharing. What do you think of the area code 34746 in Kissimmee for investment ? Me and my investment partner is looking at the area for Padsplit (rent by room) strategy?

The 34746 area code has seen a lot of new construction, mainly SFH and apartments. The market has softened as a result of higher prices and higher interest rates.

Jobs in the zip code are mainly in the services sector, including retail, hotels, restaurants and entertainment and some light manufacturing. The average income in the zip code is about $90k.

The population in the 34746 zip code in young (median 38 years) and growing from 53k in 2022 to nearly 60k in 2024.

Rent by room is not as popular in this zip code as it is in the 34741 zip code, perhaps reflecting HOA restrictions as well as building configuration. However, given rising rents in this zip code over the past two years, this may be a good option for renters in the lower income category as well as for new incoming residents. The downside of this may be high turnover rates.

The real estate agents and property managers operating in this zip code, may have more to say on this.