Orange Park, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Orange Park Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Orange Park Housing Market Information

With a population of 8,702, 3,455 total housing units (homes and apartments), and a median house value of $202,624, 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 60.13% of the town's housing units. Other types of housing that are prevalent in Orange Park include large apartment complexes or high rise apartments ( 29.08%), row houses and other attached homes ( 5.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.19%).

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 57.77% owning and 42.23% 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 ( 31.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.78%).

Orange Park Home Appreciation Rates

Homes have actually lost value in Orange Park over the last then years, as home values have seen a decline of 23.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Orange Park home appreciation rates at 1.71%, which equates to an annual appreciation rate of 7.03%.

NeighborhoodScout's data show that during the latest twelve months, Orange Park's appreciation rate, at 3.65%, has been at or slightly above the national average. In the latest quarter, Orange Park's appreciation rate has been 1.71%, which annualizes to a rate of 7.03%.

Importantly, this makes Orange Park 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 Florida, our data show that Orange Park's latest annual appreciation rate is lower than 80% 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:
$202,624

Orange Park, FL HOME PRICES

Value Range
> $1,176,000 0.1
$882,001 - $1,176,000 1.3
$588,001 - $882,000 2.5
$471,001 - $588,000 1.7
$353,001 - $471,000 3.8
$235,001 - $353,000 12.8
$118,001 - $235,000 58.0
$59,001 - $118,000 12.4
$0 - $59,000 7.4

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
31.659439821868 44.8717948717949

Number Of Homes And Apartments:
3,455

Orange Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
36.61% 1.82% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,121 / per month

Homeownership Rate

Homeownership
Owners 57.77
Renters 42.23
Vacant 7.05

Housing Market Details

 

Age of Homes

AGE OF Orange Park HOMES
2000 or Newer 6.8
1970 - 1999 61.1
1940 - 1969 31.5
1939 or Older 0.7

Types of Homes

TYPE OF Orange Park HOMES
Single-Family 60.1
Townhomes 5.6
Small Apt. Buildings 5.2
Apt. Complexes 29.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Orange Park HOMES
No Bedroom 1.02
1 Bedroom 10.65
2 Bedrooms 26.39
3 Bedrooms 43.72
4 Bedrooms 16.76
5 or more bedrooms 1.45