Every year, tens of thousands of people relocate to Central Florida from the Northeast, Midwest, and other parts of the country. If you are considering the move, here is what you need to know — beyond the weather.
The Financial Picture
Florida has no state income tax. Depending on where you are moving from, this alone can mean thousands of dollars per year in savings. New York, New Jersey, California, and Illinois residents see the biggest impact.
Property taxes in Orange County average around 1% to 1.2% of assessed value. Homestead exemption — available to Florida residents who make a property their primary residence — reduces your taxable value by up to $50,000, which can save $500-$700 annually.
Homeowners insurance is higher in Florida than the national average, primarily due to hurricane risk. Budget $2,000-$5,000+ per year depending on the property, location, and coverage level. Flood insurance is a separate policy and is required if you are in a FEMA-designated flood zone.
Where to Live
Central Florida is sprawling. Where you choose to live depends on your commute, lifestyle preferences, and budget. Some general guidance:
Downtown Orlando / Thornton Park / Mills 50: Urban living. Walkable restaurants and nightlife. Condos and smaller homes. Good for professionals without school-age children.
Winter Park / Maitland / College Park: Established neighborhoods with character. Tree-lined streets, local shops, strong schools. Popular with families and retirees.
Lake Nona / Medical City area: Newer construction, master-planned community. Strong school options. Growing rapidly.
Windermere / Dr. Phillips / Horizon West: Suburban, family-oriented. Larger homes, newer builds. Easy access to theme parks and the 429 corridor.
Clermont / Groveland / Winter Garden: More space for less money. Growing fast with new construction. Slightly longer commutes to downtown.
What Sloan Properties Does for Relocating Buyers
We provide a full relocation consultation — not a generic email with neighborhood links. We ask about your commute, family situation, lifestyle priorities, and budget, then narrow the field to the 3-5 neighborhoods that actually fit. Virtual tours, market data, and school information come standard. Call (407) 961-7720 or start at sloanproperties.com/buyers.
