More Housing Coming to Horizon West Near Disney World
Over 700 homes could soon be under construction in southwest Orange County in the Horizon West area which is near Disney. According to a recent piece in the Orlando Business Journal, a plan was filed earlier this month to turn 13121 Avalon Road into housing development with 516 multifamily homes and 196 townhome units.
This is just another example of a boom in new builds in the Orlando area. According to Lisa McNatt, the director of Orlando market analytics for CoStar Group, over 7,600 new multifamily units have been build over the last year and 23,922 are in construction. That is an increase of 44% just over the last year.
Horizon West corridor of west Orange County is a particularly popular area due to its close proximity to Walt Disney World Resort.
Projects build at the Horizon West location fall within the I-Drive submarket which has already seen 1,245 homes hit the market in the last 12 month. In addition 6,655 are under construction. These are the highest in the metro Orlando market.
The average monthly apartment rent in the area is $1,961 and with a current vacancy rate of 6.3%. That means its slightly higher than the average for the Orlando metro area which is $1,819 and 5% average.
Readers are encouraged to keep following along with MickeyBlog for further Walt Disney World news and updates. We’ll be coming to you LIVE! from the theme parks each week.
Did you know that Disney Packages are currently available to book through the mid of 2023!? That gives you plenty of time to plan that magical getaway and I’m here to help.
With new policies and procedures in place during the year ahead, there’s never been a better time to work with an Authorized Disney Vacation Planner who can help you navigate through Disney’s new way of doing things! I’ll be on hand to assist with everything from finding that perfect package and getting the best deals to organizing park passes, Disney Genie+ and dining reservations. Best of all- my services are ABSOLUTELY FREE!
Just fill out my form HERE to get your FREE, no-obligation quote. Alternatively, feel free to reach out at mroden@mickeytravels.com or follow along on Facebook
Source: