Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,347, 3,581 total housing units (homes and apartments), and a median house value of $637,772, Orange Beach house prices are not only among the most expensive in Alabama, Orange Beach real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Orange Beach, accounting for 69.44% of the city's housing units. Other types of housing that are prevalent in Orange Beach include single-family detached homes ( 24.99%), duplexes, homes converted to apartments or other small apartment buildings ( 2.72%), and a few mobile homes or trailers ( 2.34%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Owner-occupied, three and four bedroom dwellings are the most prevalent type of housing you will see in Orange Beach. Owner-occupied housing accounts for 71.61% of Orange Beach's homes, and 63.09% have either three or four bedrooms, which is average sized relative to America.
Orange Beach homes and real estate are some of the newest in America. 49.97% of Orange Beach's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Orange Beach real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.64%), and between 1940-1969 ( 2.00%).
Vacant housing appears to be an issue in Orange Beach. Fully 75.32% of the housing stock is classified as vacant. Left unchecked, vacant Orange Beach homes and apartments can be a drag on the real estate market, holding Orange Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Orange Beach has experienced some of the highest home appreciation rates of any community in the nation. Orange Beach real estate appreciated 141.71% over the last ten years, which is an average annual home appreciation rate of 9.23%, putting Orange Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orange Beach 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, Orange Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Orange Beach's appreciation rate has been 9.52%, 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 Beach were at 0.47%, which equates to an annual appreciation rate of 1.89%.
Relative to Alabama, our data show that Orange Beach's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.
$2,306 / per month