Orleans appreciation rates and housing market information

Orleans housing market information

With a population of 6,286, 5,096 total housing units (homes and apartments), and a median house value of $637,649, Orleans house prices are not only among the most expensive in Massachusetts, Orleans 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 Orleans, accounting for 81.53% of the town's housing units. Other types of housing that are prevalent in Orleans include large apartment complexes or high rise apartments (9.14%), duplexes, homes converted to apartments, or other small apartment buildings (6.46%), and a few row houses and other attached homes (2.77%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Orleans. Owner-occupied housing accounts for 46.17% of Orleans's homes, and 59.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Orleans built from 1970-1994, 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 Orleans built from 1940-1969 (29.89%). A lesser amount of the housing stock also hails from 1939 and earlier (11.20%), and some were built from 1995 and later (11.20%).

A decent proportion of the Orleans housing stock is seasonally occupied. That is, homes and condos in Orleans are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Orleans housing market speaks to its popularity as a vacation location of choice.

Orleans home appreciation rates

In the last 10 years, Orleans has experienced some of the highest home appreciation rates of any community in the nation. Orleans real estate appreciated 138.72% over the last ten years, which is an average annual home appreciation rate of 13.87%, putting Orleans in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orleans definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Orleans appreciation rates have trailed the rest of the nation. In the last twelve months, Orleans's appreciation rate has been -3.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orleans were at 0.09%, which equates to an annual appreciation rate of 0.36%.

Relative to Massachusetts, our data show that Orleans's latest annual appreciation rate is higher than 69% of the other cities and towns in Massachusetts.