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 8,534, 3,931 total housing units (homes and apartments), and a median house value of $738,580, 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 68.77% of the city's housing units. Other types of housing that are prevalent in Orange Beach include single-family detached homes ( 23.73%), duplexes, homes converted to apartments or other small apartment buildings ( 5.17%), and a few mobile homes or trailers ( 1.72%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
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 63.38% owning and 36.62% renting.
Orange Beach homes and real estate are some of the newest in America. 49.59% 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 ( 47.55%), and between 1940-1969 ( 2.41%).
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.
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 155.08% over the last ten years, which is an average annual home appreciation rate of 9.82%, 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 5.38%, 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 3.03%, which equates to an annual appreciation rate of 12.70%.
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 lower than 70% of the other cities and towns in Alabama.
$738,580
for Alabama
for nation
3,931
$2,013 / per month