%
CapRateCity
Free cap rate calculators for every US market
← All comparisons

Orlando vs Miami for Rental Property Investing

Side-by-side comparison of Orlando, FL and Miami, FL — cap rates, rent, prices, and investment metrics.

Orlando wins 4–1 across key metrics
Orlando leads on cash flow (3.63% vs 2.91% cap rate)
Metric
Orlando, FL
Miami, FL
Est. Cap Rate
3.63%
2.91%
Median Home Price
$360,000
$520,000
Median Monthly Rent
$1,680
$2,100
1% Rule
0.47%
0.40%
GRM
17.9x
20.6x
Price / Income
6.5x
11.8x
Property Tax Rate
0.89%
0.89%
Vacancy Rate
5%
5%
Population Growth
2% / yr
1.2% / yr
Annual Appreciation
4%
4.5%
Population
322,587
467,963
Median Income
$55,100
$44,200

Orlando vs Miami: Which Is Better for Investors?

Cash flow: Orlando has the edge with an estimated cap rate of 3.63% compared to Miami's 2.91%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $360,000 in Orlando vs $520,000 in Miami, while rents come in at $1,680/mo and $2,100/mo respectively.

Growth & appreciation: Orlando is growing faster at 2% annually vs Miami's 1.2%. Miami leads on home value appreciation at 4.5% per year. Strong population growth typically translates to sustained rental demand and long-term price support.

Costs & risk: Property taxes are 0.89% in Orlando vs 0.89% in Miami. Vacancy rates of 5% and 5% are both healthy, suggesting strong tenant demand in both markets.

Bottom line: Orlando edges out Miami on most key metrics. While cap rates are moderate at 3.63%, Orlando's overall profile is stronger. Use our free calculators to model specific deals in Orlando or Miami.

Orlando, FL
3.63% cap rate · $360,000 median · $1,680/mo
Full analysis →
Miami, FL
2.91% cap rate · $520,000 median · $2,100/mo
Full analysis →
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.