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
With a population of 5,850, 2,497 total housing units (homes and apartments), and a median house value of $360,703, 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 70.80% of the city's housing units. Other types of housing that are prevalent in Orange Beach include single-family detached homes ( 22.69%), mobile homes or trailers ( 3.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.08%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in Orange Beach are three and four bedroom dwellings. The city has a mixture of owners and renters, with 64.27% owning and 35.73% renting.
There is a lot of housing in Orange Beach 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 Orange Beach built between 2000 and later ( 47.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.07%).
A decent proportion of the Orange Beach housing stock is seasonally occupied. That is, homes and condos in Orange Beach 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 Orange Beach housing market speaks to its popularity as a vacation location of choice.
Orange Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Orange Beach during the period has been just -1.76%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Orange Beach's appreciation rate, at 5.41%, has been at or slightly above the national average. In the latest quarter, Orange Beach's appreciation rate has been 4.08%, which annualizes to a rate of 17.35%.
Importantly, this makes Orange Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alabama, our data show that Orange Beach's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
|$959,001 - $1,278,000||4.5|
|$638,001 - $959,000||10.5|
|$511,001 - $638,000||5.6|
|$384,001 - $511,000||10.9|
|$256,001 - $384,000||24.1|
|$128,001 - $256,000||30.6|
|$63,001 - $128,000||6.5|
|$0 - $63,000||4.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Orange Beach HOMES|
|2000 or Newer||47.8|
|1970 - 1999||48.8|
|1940 - 1969||3.1|
|1939 or Older||0.3|
|TYPE OF Orange Beach HOMES|
|Small Apt. Buildings||2.1|
|SIZE OF Orange Beach HOMES|
|5 or more bedrooms||1.26|