I go there. I personally don't know about real estate or anything like that over there, cause I'm living at home still. But the school is pretty nice, really big. The area is alright. Most people go to downtown Orlando for nightlife and all that, which isn't too far away.
i just graduated from UCF
area is rapidly growing just like the campus (building new stadium, arena, etc)
not too many good local bars
downtown orlando/citywalk/universal is where the nightlife is usually at
rent isn't bad if you got a roommate
it's better to get a house or something