Orangevale, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Orangevale, CA Real Estate Data


Orangevale Housing Market Information

With 35,299 people, 12,897 houses or apartments, and a median cost of homes of $379,003, real estate costs in Orangevale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Orangevale, accounting for 81.06% of the town's housing units. Other types of housing that are prevalent in Orangevale include large apartment complexes or high rise apartments ( 9.34%), row houses and other attached homes ( 3.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orangevale. Owner-occupied housing accounts for 71.33% of Orangevale's homes, and 75.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Orangevale 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 Orangevale built between 1940-1969 ( 36.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.62%). There's also some housing in Orangevale built before 1939 ( 1.91%).

Orangevale Home Appreciation Rates

Orangevale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Orangevale during the period has been just -1.30%, which is lower than 70% of US communities.

Appreciation rates are so strong in Orangevale that despite a nationwide downturn in the housing market, Orangevale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orangevale appreciation rates continue to be some of the highest in America, at 10.19%, which is higher than appreciation rates in 93.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orangevale. Orangevale appreciation rates in the latest quarter were at 2.27%, which equates to an annual appreciation rate of 9.41%.

Importantly, this makes Orangevale one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Orangevale's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Orangevale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orangevale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Orangevale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$379,003

Orangevale, CA HOME PRICES

Value Range
> $1,339,000 0.3
$1,005,001 - $1,339,000 1.3
$670,001 - $1,005,000 8.9
$536,001 - $670,000 9.3
$402,001 - $536,000 22.3
$268,001 - $402,000 34.2
$134,001 - $268,000 17.7
$67,001 - $134,000 1.7
$0 - $67,000 3.9

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
10.2777452244228 55.026455026455

Number Of Homes And Apartments:
12,897

Rent & Ownership

 

Average Market Rent:
$1,512 / per month

Homeownership Rate

Homeownership
Owners 71.33
Renters 28.67
Vacant 5.27

Housing Market Details

 

Age of Homes

AGE OF Orangevale HOMES
2000 or Newer 5.6
1970 - 1999 56.1
1940 - 1969 36.3
1939 or Older 1.9

Types of Homes

TYPE OF Orangevale HOMES
Single-Family 81.1
Townhomes 3.7
Small Apt. Buildings 3.2
Apt. Complexes 9.3
Mobile Homes 2.5
Other 0.2

Home Size

SIZE OF Orangevale HOMES
No Bedroom 1.74
1 Bedroom 5.02
2 Bedrooms 13.81
3 Bedrooms 48.46
4 Bedrooms 27.19
5 or more bedrooms 3.78

Orangevale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
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
78.35% 3.41% 5 9
* 10 is highest