Orlando is Nation’s Fastest-Growing Large Metropolitan Area

Recent estimates from the U.S. Census Bureau revealed that the population in the Orlando Metropolitan Statistical Area (MSA) grew 2.7% from 2023 to 2024. That increase surpassed the U.S. average growth pace of 1% and Florida's rate of 2%, making Orlando the fastest growing among MSAs with more than 1 million residents. The Orlando MSA added roughly 76,000 new residents between July 1, 2023 and July 1, 2024, becoming the 20th most populous MSA in the country with more than 2.9 million residents. All four counties within the Orlando MSA experienced population growth, with Osceola County (largest city is Kissimmee) growing 4.7%, while Lake County (largest city is Clermont) grew 4.1%, with both those counties ranking among the nation's 25 fastest growing and placed in the top 10 among U.S. counties with more than 100,000 residents. Orlando’s other two counties recorded population growth below the MSA pace, with Orange County (largest city is Orlando) growing 2.2% from 2023 to 2024, while Seminole County (largest city is Sanford) grew 1.1%. Simultaneously, these areas have been experiencing high apartment deliveries of late, with notable supply volumes delivering in the Kissimmee/Osceola County submarket.