Orange appreciation rates and housing market information

Orange housing market information

With 13,233 people, 4,870 houses or apartments, and a median cost of homes of $531,775, Orange house prices are not only among the most expensive in Connecticut, Orange real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Orange, accounting for 93.43% of the town's housing units. Other types of housing that are prevalent in Orange include large apartment complexes or high rise apartments (3.16%), duplexes, homes converted to apartments, or other small apartment buildings (1.56%), and a few row houses and other attached homes (1.40%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Orange. Owner-occupied housing accounts for 90.12% of Orange's homes, and 79.10% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Orange's housing was primarily built during this period, from the '40s through the '60s. A full 64.46% of the town's housing hails from this era. Other housing ages represented in Orange include homes built between 1970-1994 (21.44%), and housing constructed from 1939 and earlier (9.77%). There's also some housing in Orange built between 1995 and later (4.33%).

Orange home appreciation rates

Appreciation rates for homes in Orange have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.67%, which ranks in the top 30% nationwide. This equates to an annual average Orange house appreciation rate of 9.06%.

Over the last year, Orange appreciation rates have trailed the rest of the nation. In the last twelve months, Orange's appreciation rate has been -4.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orange were at 0.58%, which equates to an annual appreciation rate of 2.32%.

Relative to Connecticut, our data show that Orange's latest annual appreciation rate is higher than 61% of the other cities and towns in Connecticut.