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 9,525 people, 2,460 houses or apartments, and a median cost of homes of $248,489, Orange Cove real estate values are some of the lowest in California, although compared to real estate around the nation, Orange Cove homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Orange Cove, accounting for 52.24% of the city's housing units. Other types of housing that are prevalent in Orange Cove include large apartment complexes or high rise apartments ( 27.47%), duplexes, homes converted to apartments or other small apartment buildings ( 18.75%), and a few row houses and other attached homes ( 1.55%).
The most prevalent building size and type in Orange Cove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.46% owning and 61.54% renting.
There is a lot of housing in Orange Cove 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 Cove built between 1940-1969 ( 29.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.00%). There's also some housing in Orange Cove built before 1939 ( 5.15%).
In the last 10 years, Orange Cove has experienced some of the highest home appreciation rates of any community in the nation. Orange Cove real estate appreciated 128.82% over the last ten years, which is an average annual home appreciation rate of 8.63%, putting Orange Cove in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orange Cove 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 Cove appreciation rates have trailed the rest of the nation. In the last twelve months, Orange Cove's appreciation rate has been 0.73%, 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 Cove were at -1.86%, which equates to an annual appreciation rate of -7.23%.
Notably, Orange Cove's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Orange Cove's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$248,489
for California
for nation
2,460
$1,440 / per month