Orland, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Orland, CA Real Estate Data


Orland Housing Market Information

With a population of 7,550, 2,382 total housing units (homes and apartments), and a median house value of $243,947, Orland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Orland, accounting for 72.49% of the city's housing units. Other types of housing that are prevalent in Orland include large apartment complexes or high rise apartments ( 11.96%), duplexes, homes converted to apartments or other small apartment buildings ( 7.67%), and a few row houses and other attached homes ( 5.80%).

The most prevalent building size and type in Orland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.44% owning and 40.56% renting.

There is a lot of housing in Orland 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 Orland built between 1940-1969 ( 35.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.95%). There's also some housing in Orland built before 1939 ( 11.56%).

Vacant housing appears to be an issue in Orland. Fully 12.62% of the housing stock is classified as vacant. Left unchecked, vacant Orland homes and apartments can be a drag on the real estate market, holding Orland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Orland Home Appreciation Rates

Homes have actually lost value in Orland over the last then years, as home values have seen a decline of 19.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Orland home appreciation rates at 1.24%, which equates to an annual appreciation rate of 5.05%.

Appreciation rates are so strong in Orland that despite a nationwide downturn in the housing market, Orland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orland appreciation rates continue to be some of the highest in America, at 6.37%, which is higher than appreciation rates in 78.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orland. Orland appreciation rates in the latest quarter were at 1.24%, which equates to an annual appreciation rate of 5.05%.

Relative to California, our data show that Orland's latest annual appreciation rate is lower than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$243,947

Orland, CA HOME PRICES

Value Range
> $1,284,000 2.4
$963,001 - $1,284,000 0.0
$642,001 - $963,000 4.6
$513,001 - $642,000 1.0
$385,001 - $513,000 10.0
$257,001 - $385,000 28.9
$128,001 - $257,000 32.2
$64,001 - $128,000 16.7
$0 - $64,000 4.2

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
24.0557474966329 79.3923381770145

Number Of Homes And Apartments:
2,382

Rent & Ownership

 

Average Market Rent:
$1,008 / per month

Homeownership Rate

Homeownership
Owners 59.44
Renters 40.56
Vacant 12.62

Housing Market Details

 

Age of Homes

AGE OF Orland HOMES
2000 or Newer 16.9
1970 - 1999 36.0
1940 - 1969 35.5
1939 or Older 11.6

Types of Homes

TYPE OF Orland HOMES
Single-Family 72.5
Townhomes 5.8
Small Apt. Buildings 7.7
Apt. Complexes 12.0
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Orland HOMES
No Bedroom 0.66
1 Bedroom 16.14
2 Bedrooms 18.82
3 Bedrooms 46.88
4 Bedrooms 13.39
5 or more bedrooms 4.11

Orland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
71.36% 3.22% 4 9
* 10 is highest

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Zip Codes in Orland, CA