Airbnb Rules and Regulations in Orlando, Florida

As of 2024, Orlando hosts must adhere to rules to legally operate their short-term rental properties. Hosts are required to obtain a permit from the city and pay an annual fee, which varies depending on the type of property being rented. Additionally, hosts must collect and remit the appropriate taxes, including the 6% state sales tax and the 6% county tourist development tax. Properties must also meet specific safety standards, such as having working smoke detectors, fire extinguishers, and carbon monoxide detectors.

Occupancy limits are enforced, with a maximum of two guests per bedroom plus two additional guests. Hosts are responsible for ensuring their guests follow local noise ordinances and parking restrictions to maintain a peaceful environment for neighboring residents. Failure to comply with these regulations may result in fines or the revocation of the host's permit. By staying informed and adhering to these guidelines, Airbnb hosts in Orlando can provide safe and enjoyable accommodations for their guests while contributing to the city's thriving tourism industry.

Orlando Airbnb Market Data:

• Average Revenue – $71.4K per year
• Average Daily Rate – $337.7 per night
• Average Occupancy Rate – 66%
• Average RevPAR – $221.2
• Average Home Prices – $384,415

1. Top Place to Invest in Orlando, Florida - Lake Nona

Lake Nona, a master-planned community in southeast Orlando, has emerged as a prime location for Airbnb investors. This vibrant neighborhood boasts a perfect blend of modern amenities, scenic beauty, and a thriving economy, making it an attractive destination for both tourists and residents alike.

Lake Nona Airbnb Market Data:

• Average Revenue – $45.8K per year
• Average Daily Rate – $193.9 per night
• Average Occupancy Rate – 86%
• Average RevPAR – $167.6

Convenience - 8/10

Lake Nona offers a convenient lifestyle with its well-designed layout and easy access to major highways, including State Road 417 and Florida's Turnpike. The community features a variety of shopping centers, restaurants, and grocery stores, ensuring that visitors have everything they need within reach.

Tourist Attractions - 6/10

While Lake Nona itself is not a major tourist hub, its proximity to popular attractions such as the Orlando International Airport (just a 10-minute drive away), Lake Nona Golf & Country Club, and the USTA National Campus makes it an appealing choice for visitors seeking a quiet retreat near the action.

Things to Do - 7/10

Lake Nona offers a range of activities for visitors, including exploring the Lake Nona Sculpture Garden, enjoying outdoor recreation at the nearby lakes and parks, or indulging in retail therapy at the Lake Nona Town Center. The community also hosts various events throughout the year, such as the Lake Nona Farmers Market and the Lake Nona Run Club.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Lake Nona is $550,000, which represents a 4.2% appreciation over the past year. While prices are higher than the Orlando average, the community's growing popularity and promising future developments suggest a strong potential for long-term investment returns.

Proximity to Work-Related Travel - 9/10

Lake Nona is home to the Medical City, a cluster of world-class hospitals, research institutions, and healthcare technology companies. This makes it an ideal location for travelers attending conferences or seeking medical treatment. Establishing corporate rentals here would be a great idea due to its steady stream of visitors for business-related purposes. Additionally, the neighborhood's close proximity to the Orlando International Airport is a significant advantage for business travelers.

X-Factor - 8/10

What sets Lake Nona apart is its commitment to innovation and sustainability. The community is designed with a focus on health, education, and technology, attracting a diverse and educated population. With the presence of cutting-edge facilities like the GuideWell Innovation Center and the UCF College of Medicine, Lake Nona is poised for continued growth and development.

2. Top Place to Invest in Orlando, Florida - College Park

Nestled just north of downtown Orlando, College Park is a charming, historic neighborhood that has captured the attention of Airbnb investors. With its tree-lined streets, vintage homes, and thriving community spirit, College Park offers a unique and desirable location for short-term rental investments.

College Park Airbnb Market Data:

• Average Revenue – $85.3K per year
• Average Daily Rate – $423.4 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $255.8

Convenience - 8/10

College Park's central location provides easy access to major highways, including I-4 and the 408, making it convenient for travelers to explore the greater Orlando area. The neighborhood also boasts a walkable downtown district featuring a variety of local shops, restaurants, and cafes.

Tourist Attractions - 6/10

While College Park itself is not a major tourist destination, its proximity to popular attractions such as Loch Haven Park, the Orlando Science Center, and the Orlando Museum of Art makes it an appealing choice for visitors seeking a more local, authentic experience.

Things to Do - 7/10

College Park offers a range of activities for visitors, from exploring the boutiques and eateries along Edgewater Drive to enjoying the outdoors at one of the neighborhood's many parks, such as Dartmouth Park or Dubsdread Golf Course. The community also hosts several annual local events, including the College Park JazzFest and the Dancing on the Drive street party, which does help increase travelers.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in College Park is $480,000, representing a 3.8% appreciation over the past year. While prices are higher than in some other Orlando neighborhoods, College Park's unique charm, desirable location, and strong sense of community make it an attractive option for Airbnb investors.

Proximity to Work-Related Travel - 6/10

College Park is just a short drive from downtown Orlando, home to the Orange County Convention Center and several major hospitals, including Orlando Regional Medical Center and AdventHealth Orlando. However, the neighborhood is slightly further from the Orlando International Airport compared to some other areas.

X-Factor - 8/10

Despite being located in the heart of a major city, what sets College Park apart is its strong sense of community and small-town charm. The neighborhood's historic architecture, brick-paved streets, and friendly residents create a welcoming atmosphere that appeals to visitors seeking an authentic, local experience.

3. Top Place to Invest in Orlando, Florida - International Drive

International Drive, affectionately known as I-Drive, is a bustling corridor in the heart of Orlando's tourism district. This vibrant area attracts millions of visitors annually, making it a prime location for Airbnb investors seeking to capitalize on the steady flow of tourists.

International Drive Airbnb Market Data:

• Average Revenue – $83.K per year
• Average Daily Rate – $459.4 per night
• Average Occupancy Rate – 50%
• Average RevPAR – $273.1

Convenience - 9/10

International Drive boasts exceptional convenience, with easy access to major highways, including I-4 and the Florida Turnpike. The area is also well-served by public transportation, with the I-Ride Trolley providing affordable and efficient access to various points of interest along the corridor.

Tourist Attractions - 10/10

I-Drive is home to an unparalleled concentration of world-class tourist attractions, including theme parks like Universal Orlando Resort, SeaWorld Orlando, and Icon Park. Visitors can also enjoy a wide range of entertainment options, such as Ripley's Believe It or Not!, Madame Tussauds, and the Orlando Eye observation wheel.

Things to Do - 9/10

In addition to the major attractions, International Drive offers a plethora of activities for visitors of all ages. From shopping at the Orlando International Premium Outlets to dining at one of the many restaurants, there's never a dull moment. Visitors can also enjoy mini-golf, go-karting, and indoor skydiving, among other exciting experiences.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in the International Drive area is $320,000, representing a 2.5% appreciation over the past year. While prices are relatively affordable compared to other Orlando neighborhoods, the area primarily consists of hotels, resorts, and commercial properties, limiting traditional homeownership opportunities.

Proximity to Work-Related Travel - 8/10

International Drive is conveniently located near the Orange County Convention Center, making it an ideal choice for business travelers attending conferences and trade shows. The area is also within a 20-minute drive of the Orlando International Airport and several major hospitals, including Dr. P. Phillips Hospital and Orlando Health Dr. P. Phillips Baby Place.

X-Factor - 8/10

What sets International Drive apart is its unbeatable combination of location, amenities, and tourist appeal. The constant influx of visitors ensures a steady demand for short-term rentals, while the area's diverse offerings cater to a wide range of guest preferences. As Orlando's tourism industry continues to thrive, I-Drive remains a solid choice for Airbnb investors.

4. Top Place to Invest in Orlando, Florida - Lake Buena Vista

Lake Buena Vista, a scenic area located just southwest of Orlando, is a prime destination for Airbnb investors seeking to capitalize on the region's booming tourism industry. This picturesque community is best known for its proximity to Walt Disney World Resort, making it an ideal choice for travelers looking to experience the magic of Disney.

Lake Buena Vista Airbnb Market Data:

• Average Revenue – $72.4K per year
• Average Daily Rate – $263.4 per night
• Average Occupancy Rate – 82%
• Average RevPAR – $214.4

Convenience - 8/10

Lake Buena Vista offers excellent convenience, with easy access to major highways such as I-4 and State Road 535. The area is also well-served by public transportation, including the complimentary Disney transportation system that connects resorts to theme parks and other attractions.

Tourist Attractions - 10/10

As the home of Walt Disney World Resort, Lake Buena Vista boasts an unrivaled array of world-class tourist attractions. Visitors can explore the enchanting theme parks of Magic Kingdom, Epcot, Disney's Hollywood Studios, and Disney's Animal Kingdom and enjoy the entertainment and dining options at Disney Springs.

Things to Do - 9/10

In addition to the Disney theme parks, Lake Buena Vista offers a wide range of activities for visitors of all ages. Guests can enjoy golfing at one of the many championship courses, indulge in spa treatments at the luxurious resort spas, or take a hot air balloon ride for a unique perspective of the area.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Lake Buena Vista is $450,000, representing a 3.2% appreciation over the past year. While prices are higher than in some other Orlando neighborhoods, the area's proximity to Disney and strong rental demand make it an attractive option for Airbnb investors.

Proximity to Work-Related Travel - 5/10

Lake Buena Vista is primarily a tourist destination and is not particularly close to major business centers or hospitals. However, the area is within a 30-minute drive of the Orange County Convention Center and the Orlando International Airport, making it relatively accessible for work-related travel.

X-Factor - 9/10

What sets Lake Buena Vista apart is its unparalleled access to the magic of Disney. The area's immersive themed environments, world-class entertainment, and exceptional guest service create an unforgettable experience that keeps visitors coming back year after year. For Airbnb investors, this translates to a steady stream of potential guests and strong rental demand.

5. Top Place to Invest in Orlando, Florida - Downtown

Downtown Orlando, the city's vibrant central business district, has emerged as an attractive destination for Airbnb investors. With its mix of historic charm, modern amenities, and a thriving arts and culture scene, Downtown Orlando offers a unique investment opportunity for those looking to capitalize on the growing demand for urban living and short-term rentals.

Downtown Airbnb Market Data:

• Average Revenue – $30.8K per year
• Average Daily Rate – $184.7 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $100.6

Convenience - 8/10

Downtown Orlando boasts excellent convenience, with easy access to major highways, including I-4 and the 408. The area is also well-served by public transportation, with the SunRail commuter train and Lynx bus system providing efficient connections to other parts of the city.

Tourist Attractions - 7/10

While Downtown Orlando may not have the major theme parks, it offers a variety of attractions for visitors. The Dr. Phillips Center for the Performing Arts hosts Broadway shows and concerts, while the Amway Center is home to the NBA's Orlando Magic. The area also features museums, art galleries, and historic landmarks like Lake Eola Park.

Things to Do - 8/10

Downtown Orlando offers diverse activities for visitors, from exploring the boutiques and restaurants along Church Street to enjoying the nightlife at Wall St. Plaza. The area also hosts numerous festivals and events throughout the year, such as the Orlando Fringe Festival and the Downtown Food & Wine Fest.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Downtown Orlando is $420,000, representing a 4.5% appreciation over the past year. While prices are higher than some other Orlando neighborhoods, the area's growing popularity and ongoing revitalization efforts suggest a strong potential for long-term investment returns.

Proximity to Work-Related Travel - 9/10

Downtown Orlando is the city's central business district, making it an ideal location for business travelers. The area is home to numerous corporate offices, government buildings, and the Orange County Courthouse. It is also within a 20-minute drive of the Orange County Convention Center and the Orlando International Airport.

X-Factor - 8/10

What sets Downtown Orlando apart is its unique blend of history, culture, and modern urban living. The area's historic buildings, tree-lined streets, and picturesque Lake Eola provide a charming backdrop, while the growing number of high-rise apartments and condos cater to a younger, professional demographic. As downtown continues to evolve, it presents a compelling opportunity for Airbnb investors looking to tap into the demand for urban short-term rentals.

6. Top Place to Invest in Orlando, Florida - UCF Area

The University of Central Florida (UCF) area, located east of downtown Orlando, has become an increasingly attractive option for Airbnb investors. This dynamic neighborhood, anchored by one of the largest universities in the United States, offers a unique blend of youthful energy, academic excellence, and a growing array of amenities.

UCF Area Airbnb Market Data:

• Average Revenue – $90.8K per year
• Average Daily Rate – $641.4 per night
• Average Occupancy Rate – 44%
• Average RevPAR – $278.7

Convenience - 7/10

The UCF area offers good convenience, with easy access to major highways such as State Road 408 and the East-West Expressway. The Lynx bus system also serves the neighborhood, providing connections to other parts of the city. However, traffic congestion during peak hours can be a challenge.

Tourist Attractions - 5/10

While the UCF area is not known for major tourist attractions, it does offer some points of interest. The UCF campus itself is home to the Bounce House, a 45,000-seat football stadium, and the UCF Arboretum, a lush botanical garden. The area also features several parks and nature trails, such as the Little Econ Greenway.

Things to Do - 6/10

The UCF area offers a variety of activities, particularly for those interested in sports and outdoor recreation. The neighborhood features several golf courses, including the Twin Rivers Golf Club and the Wedgefield Golf and Country Club. Visitors can also enjoy shopping and dining at the Waterford Lakes Town Center or catch a movie at the Regal Waterford Lakes Stadium 20 & IMAX.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in the UCF area is $350,000, representing a 5.2% appreciation over the past year. This relatively affordable price point, combined with the area's strong rental demand from students and faculty, makes it an attractive option for Airbnb investors.

Proximity to Work-Related Travel - 6/10

The UCF area is primarily a residential and academic neighborhood and is not particularly close to major business centers or convention venues. However, the area is within a 30-minute drive of the Orlando International Airport and several major hospitals, including the Orlando VA Medical Center and AdventHealth East Orlando.

X-Factor - 7/10

What sets the UCF area apart is its vibrant, college-town atmosphere and the potential for strong, consistent rental demand. With over 70,000 students enrolled at UCF, there is a steady stream of potential short-term renters, including visiting families, prospective students, and conference attendees. As the university grows and expands its influence, the surrounding neighborhood presents an intriguing opportunity for Airbnb investors looking to tap into this unique market.

7. Top Place to Invest in Orlando, Florida - Doctor Phillips

Doctor Phillips, an affluent suburb located southwest of downtown Orlando, has emerged as a highly desirable location for Airbnb investors. This upscale neighborhood, known for its luxurious mansion-like homes, top-rated schools, and scenic lakes, offers a tranquil and sophisticated living environment just minutes away from Orlando's world-famous attractions.

Doctor Phillips Airbnb Market Data:

• Average Revenue – $83.8K per year
• Average Daily Rate – $482.9 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $254

Convenience - 8/10

Doctor Phillips offers excellent convenience, with easy access to major highways such as I-4, the Florida Turnpike, and the 408 Expressway. The neighborhood is also just a short drive from Orlando International Airport, making it an ideal location for travelers. Residents enjoy a variety of nearby shopping and dining options, including the upscale Mall at Millenia and the Restaurant Row dining district.

Tourist Attractions - 7/10

While Doctor Phillips is primarily a residential area, it is close to some of Orlando's most popular tourist attractions. Just a 10-minute drive away, visitors can experience the magic of Walt Disney World Resort, Universal Orlando Resort, and SeaWorld Orlando. The neighborhood's central location makes it an attractive option for tourists seeking a more relaxed and upscale accommodation alternative.

Things to Do - 7/10

Doctor Phillips offers a range of activities for residents and visitors alike. The neighborhood boasts several scenic lakes, including Big Sand Lake and Spring Lake, which provide boating, fishing, and water sports opportunities. Golf enthusiasts can enjoy the challenging fairways at the Bay Hill Club and Lodge, home to the annual Arnold Palmer Invitational. The Dr. Phillips Center for the Performing Arts, located in downtown Orlando, hosts a variety of concerts, Broadway shows, and cultural events throughout the year.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Doctor Phillips is $650,000, representing a 3.8% appreciation over the past year. While home prices in the neighborhood are significantly higher than the Orlando average, the area's luxurious properties, desirable amenities, and strong rental demand make it an attractive option for Airbnb investors seeking higher-end clientele through the Airbnb Luxe model.

Proximity to Work-Related Travel - 7/10

Doctor Phillips is conveniently located near several major employers and business centers. The neighborhood is just a 15-minute drive from downtown Orlando, which is home to numerous corporate offices, government buildings, and the Orange County Convention Center. The nearby Orlando Health Dr. P. Phillips Hospital and the Sand Lake Hospital provide additional opportunities for work-related travel.

X-Factor - 8/10

What sets Doctor Phillips apart is its unique combination of luxury, tranquility, and convenience. The neighborhood's upscale homes, picturesque lakes, and tree-lined streets create a serene and inviting atmosphere, while its proximity to world-class attractions and business centers offers unparalleled accessibility. For Airbnb investors, Doctor Phillips presents an opportunity to cater to a discerning clientele seeking a high-end, resort-style experience within minutes of Orlando's top destinations.

8. Top Place to Invest in Orlando, Florida - Seaboard Industrial

Seaboard Industrial, a growing neighborhood located just northwest of downtown Orlando, has recently caught the attention of Airbnb investors. This up-and-coming area, known for its mix of industrial and residential properties, offers a unique investment opportunity for those looking to capitalize on Orlando's expanding tourism market and the increasing demand for alternative accommodations.

Seaboard Industrial Airbnb Market Data:

• Average Revenue – $34.7K per year
• Average Daily Rate – $242.1 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $122.2

Convenience - 6/10

Seaboard Industrial offers moderate convenience, with access to major highways such as I-4 and the 408 Expressway. The neighborhood is served by the Lynx bus system, providing connections to other parts of the city. However, the area's industrial nature and limited walkability may be a drawback for some visitors.

Tourist Attractions - 4/10

As an industrial neighborhood, Seaboard Industrial is not known for its tourist attractions. The area is primarily focused on manufacturing, warehousing, and distribution, with few notable points of interest for visitors. However, the neighborhood's proximity to downtown Orlando and its growing arts district may attract some adventurous travelers.

Things to Do - 4/10

Seaboard Industrial offers limited options for entertainment and recreation. The area features a few local breweries and distilleries, such as the Orlando Brewing Company and the Ten10 Brewing Company, which may appeal to craft beer enthusiasts. The nearby Loch Haven Park offers some outdoor activities, including walking trails and a sculpture garden.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Seaboard Industrial is $280,000, representing a 6.2% appreciation over the past year. This relatively affordable price point, combined with the area's potential for growth and development, makes it an intriguing option for Airbnb investors looking to enter the market at a lower cost.

Proximity to Work-Related Travel - 7/10

Seaboard Industrial's location near downtown Orlando and its industrial focus make it a convenient choice for business travelers. The neighborhood is within a 10-minute drive of the Orange County Convention Center and the Amway Center, home to the NBA's Orlando Magic. The Orlando Executive Airport, which serves private and charter flights, is also just a short drive away.

X-Factor - 6/10

What sets Seaboard Industrial apart is its potential for growth and transformation. As Orlando continues to expand and evolve, this once-overlooked neighborhood is poised for revitalization. The area's mix of industrial and residential properties, combined with its proximity to downtown, creates an opportunity for Airbnb investors to get in on the ground floor of an emerging market. While the neighborhood may not have the immediate appeal of more established tourist areas, it offers a unique and potentially lucrative short-term rental business prospect for those willing to take a chance on an up-and-coming location.