Osceola County Rental Investment

Osceola County Snapshot

$1,900Median Rent (3BR SFH)

$384KMedian Home Price

10%Vacancy Rate

+4%YoY Rent Change

Tourism WorkforcePrimary Economic Driver

28 daysAvg Days on Market

Investment snapshot: Osceola County

Entry price range	$314K (St. Cloud new build)–$650K (Celebration)
Median rent	$1,400 (St. Cloud)–$3,600 (Celebration houses)
Cap rate range	4.5–6% (LTR)
Gross yield range	4.7–7.5%

Osceola County is the most affordable entry in metro Orlando. Kissimmee ($345K–$370K) and St. Cloud ($314K+) let you get into the market without a premium. Celebration is the outlier—$650K median with Disney-developed prestige and strict HOA. The corridor serves three investment approaches: affordable LTR (Kissimmee/St. Cloud), premium LTR (Celebration), and STR (Kissimmee only, with strict regulations).

Osceola County offers the most affordable entry point in the Orlando metro — and the math works differently here than anywhere else. Lower purchase prices mean stronger rent-to-price ratios and higher cap rates, even with slightly lower absolute rents.

Kissimmee's resort corridor provides legitimate STR opportunity in properly zoned areas, while St. Cloud's small-town character and 20% year-over-year appreciation make it a growth play. Celebration — Disney's master-planned community — is its own micro-market with a 42% rental rate and premium tenant demand.

The county accounts for 59% of Orlando's 2025 apartment deliveries, which means new supply is real. But absorption has kept pace, driven by workforce housing demand from the tourism economy.

What to know before investing in Osceola County

STR regulations are complex. Osceola County requires $160 inspection, $250 license, $1M liability, and 13.5% tax. St. Cloud bans residential STR. Celebration’s CROA makes STR impossible. Only Kissimmee allows it—with a Conditional Use Permit.
50–60% STR occupancy is average. 10,000+ Airbnb listings in Kissimmee create saturation. Don’t model your STR at 80%—run scenarios at 50% and 55%.
Celebration HOA is strict. CROA enforces architectural review, twice-yearly inspections, and detailed covenants on parking, trash, and exterior changes.
New construction adds supply pressure. Harmony West (D.R. Horton) and other developments in St. Cloud add inventory. Focus on locations with school-driven demand that sustains through supply cycles.