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 14,246, 5,169 total housing units (homes and apartments), and a median house value of $530,725, Orange house prices are not only among the most expensive in Connecticut, Orange real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Orange, accounting for 90.82% of the town's housing units. Other types of housing that are prevalent in Orange include large apartment complexes or high rise apartments ( 5.59%), duplexes, homes converted to apartments or other small apartment buildings ( 2.36%), and a few row houses and other attached homes ( 1.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orange. Owner-occupied housing accounts for 89.04% of Orange's homes, and 77.72% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Orange's housing was primarily built during this period, from the '40s through the '60s. A full 56.39% of the town's housing hails from this era. Other housing ages represented in Orange include homes built between 1970-1999 ( 26.71%) and housing constructed between 2000 and later ( 9.35%). There's also some housing in Orange built before 1939 ( 7.55%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Orange, where house values have increased just 39.37%, which is annualized rate of 3.38%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Orange appreciation rates have trailed the rest of the nation. In the last twelve months, Orange's appreciation rate has been 7.34%, 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 were at -0.44%, which equates to an annual appreciation rate of -1.76%.
Relative to Connecticut, our data show that Orange's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.
Very High for Nation
Very High for CT