Orange Park FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Orange Park, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Orange Park Housing Market Information

With 8,809 people, 3,504 houses or apartments, and a median cost of homes of $288,491, Orange Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Orange Park, accounting for 59.46% of the town's housing units. Other types of housing that are prevalent in Orange Park include large apartment complexes or high rise apartments ( 27.81%), duplexes, homes converted to apartments or other small apartment buildings ( 6.69%), and a few row houses and other attached homes ( 6.04%).

The most prevalent building size and type in Orange Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.44% owning and 45.56% renting.

There is a lot of housing in Orange Park 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 Park built between 1940-1969 ( 26.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.59%). There's also some housing in Orange Park built before 1939 ( 1.09%).

Orange Park Home Appreciation Rates

In the last 10 years, Orange Park has experienced some of the highest home appreciation rates of any community in the nation. Orange Park real estate appreciated 51.48% over the last ten years, which is an average annual home appreciation rate of 4.24%, putting Orange Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orange Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Orange Park that despite a nationwide downturn in the housing market, Orange Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orange Park appreciation rates continue to be some of the highest in America, at 7.52%, which is higher than appreciation rates in 92.93% 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 Park. Orange Park appreciation rates in the latest quarter were at 0.29%, which equates to an annual appreciation rate of 1.16%.

Notably, Orange Park's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Orange Park's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Orange Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orange Park - 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 Orange Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$288,491

Orange Park, FL HOME PRICES

Value Range
> $1,374,000 0.8
$1,031,001 - $1,374,000 0.0
$687,001 - $1,031,000 1.7
$549,001 - $687,000 2.1
$412,001 - $549,000 6.6
$275,001 - $412,000 24.6
$137,001 - $275,000 54.3
$69,001 - $137,000 4.8
$0 - $69,000 5.1

High for FL
High for Nation

Value Relative to Nation Value Relative to State
22.8846715328467 34.8936170212766

Number Of Homes And Apartments:
3,504

Orange Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
87.59% 3.12%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,224 / per month

Homeownership Rate

Homeownership
Owners 54.44
Renters 45.56
Vacant 8.77

Housing Market Details

 

Age of Homes

AGE OF Orange Park HOMES
2000 or Newer 6.6
1970 - 1999 65.7
1940 - 1969 26.6
1939 or Older 1.1

Types of Homes

TYPE OF Orange Park HOMES
Single-Family 59.5
Townhomes 6.0
Small Apt. Buildings 6.7
Apt. Complexes 27.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Orange Park HOMES
No Bedroom 3.38
1 Bedroom 8.62
2 Bedrooms 25.83
3 Bedrooms 46.91
4 Bedrooms 12.76
5 or more bedrooms 2.50