Orange Beach, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Orange Beach, AL Real Estate Data


Orange Beach Housing Market Information

With 5,850 people, 2,497 houses or apartments, and a median cost of homes of $347,804, 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 Home Appreciation Rates

Homes have actually lost value in Orange Beach over the last then years, as home values have seen a decline of 21.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Orange Beach home appreciation rates at 1.36%, which equates to an annual appreciation rate of 5.53%.

NeighborhoodScout's data show that during the latest twelve months, Orange Beach's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Orange Beach's appreciation rate has been 1.36%, which annualizes to a rate of 5.53%.

Relative to Alabama, our data show that Orange Beach's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$347,804

Orange Beach, AL HOME PRICES

Value Range
> $1,232,000 2.2
$924,001 - $1,232,000 4.5
$616,001 - $924,000 10.5
$493,001 - $616,000 5.6
$370,001 - $493,000 10.9
$246,001 - $370,000 24.1
$123,001 - $246,000 30.6
$61,001 - $123,000 6.5
$0 - $61,000 4.5

Very High for AL
Very High for Nation

Value Relative to Nation Value Relative to State
12.0942224305637 0.75

Number Of Homes And Apartments:
2,497

Rent & Ownership

 

Average Market Rent:
$1,668 / per month

Homeownership Rate

Homeownership
Owners 64.27
Renters 35.73
Vacant 78.97

Housing Market Details

 

Age of Homes

AGE OF Orange Beach HOMES
2000 or Newer 47.8
1970 - 1999 48.8
1940 - 1969 3.1
1939 or Older 0.3

Types of Homes

TYPE OF Orange Beach HOMES
Single-Family 22.7
Townhomes 1.2
Small Apt. Buildings 2.1
Apt. Complexes 70.8
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Orange Beach HOMES
No Bedroom 0.56
1 Bedroom 6.28
2 Bedrooms 33.09
3 Bedrooms 48.23
4 Bedrooms 10.57
5 or more bedrooms 1.26

Orange Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
56.82% 2.64% 10 7
* 10 is highest

Popular Neighborhoods in Orange Beach

Zip Codes in Orange Beach, AL