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
With 11,210 people, 4,871 houses or apartments, and a median cost of homes of $113,004, house prices in Orange City are solidly below the national average.
Single-family detached homes are the single most common housing type in Orange City, accounting for 38.39% of the city's housing units. Other types of housing that are prevalent in Orange City include large apartment complexes or high rise apartments ( 27.95%), mobile homes or trailers ( 18.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.23%).
People in Orange City primarily live in small (one, two or no bedroom) single-family detached homes. Orange City has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Orange City 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 City built between 2000 and later ( 24.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.37%). There's also some housing in Orange City built before 1939 ( 2.11%).
Vacant housing appears to be an issue in Orange City. Fully 14.21% of the housing stock is classified as vacant. Left unchecked, vacant Orange City homes and apartments can be a drag on the real estate market, holding Orange City 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.
Homes have actually lost value in Orange City over the last then years, as home values have seen a decline of 31.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Orange City home appreciation rates at 3.34%, which equates to an annual appreciation rate of 14.06%.
Appreciation rates are so strong in Orange City that despite a nationwide downturn in the housing market, Orange City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orange City appreciation rates continue to be some of the highest in America, at 9.55%, which is higher than appreciation rates in 92.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orange City. Orange City appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.06%.
Importantly, this makes Orange City 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 Florida, our data show that Orange City's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.
|$1,036,001 - $1,380,000||0.0|
|$690,001 - $1,036,000||0.0|
|$553,001 - $690,000||1.4|
|$414,001 - $553,000||1.9|
|$276,001 - $414,000||6.8|
|$138,001 - $276,000||31.8|
|$69,001 - $138,000||38.4|
|$0 - $69,000||19.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Orange City HOMES|
|2000 or Newer||24.0|
|1970 - 1999||63.5|
|1940 - 1969||10.4|
|1939 or Older||2.1|
|TYPE OF Orange City HOMES|
|Small Apt. Buildings||10.2|
|SIZE OF Orange City HOMES|
|5 or more bedrooms||0.32|