Orangevale appreciation rates and housing market information
Orangevale housing market information
With a population of 33,960, 12,816 total housing units (homes and apartments), and a median house value of $300,515, real estate costs in Orangevale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Orangevale, accounting for 79.55% of the town's housing units. Other types of housing that are prevalent in Orangevale include large apartment complexes or high rise apartments (8.58%), duplexes, homes converted to apartments or other small apartment buildings (4.15%), and a few row houses and other attached homes (4.13%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orangevale. Owner-occupied housing accounts for 75.05% of Orangevale's homes, and 75.38% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Orangevale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Orangevale built between 1940-1969 (36.38%). A lesser amount of the housing stock also hails from between 2000 and later (4.43%). There's also some housing in Orangevale built before 1939 (1.56%).
Orangevale home appreciation rates
Appreciation rates for homes in Orangevale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.36%, which ranks in the top 50% nationwide. This equates to an annual average Orangevale house appreciation rate of 1.61%.
Appreciation rates are so strong in Orangevale that despite a nationwide downturn in the housing market, Orangevale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orangevale appreciation rates continue to be some of the highest in America, at 23.89%, which is higher than appreciation rates in 98.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orangevale. Orangevale appreciation rates in the latest quarter were at 4.63%, which equates to an annual appreciation rate of 19.83%.
Importantly, this makes Orangevale one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Orangevale's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Orangevale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orangevale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Orangevale real estate investment or home purchase decisions.