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 8,491 people, 3,555 houses or apartments, and a median cost of homes of $130,143, house prices in Orrville are solidly below the national average.
Single-family detached homes are the single most common housing type in Orrville, accounting for 69.68% of the city's housing units. Other types of housing that are prevalent in Orrville include duplexes, homes converted to apartments or other small apartment buildings ( 12.61%), large apartment complexes or high rise apartments ( 10.16%), and a few row houses and other attached homes ( 6.59%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orrville. Owner-occupied housing accounts for 67.89% of Orrville's homes, and 60.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Orrville 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 Orrville built between 1940-1969 ( 32.07%). A lesser amount of the housing stock also hails from before 1939 ( 22.58%). There's also some housing in Orrville built between 2000 and later ( 8.13%).
Appreciation rates for homes in Orrville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.94%, which ranks in the top 50% nationwide. This equates to an annual average Orrville house appreciation rate of 0.09%.
Over the last year, Orrville appreciation rates have trailed the rest of the nation. In the last twelve months, Orrville's appreciation rate has been 2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orrville were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, Orrville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Orrville's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Orrville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orrville - 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 Orrville real estate investment or home purchase decisions.
|$843,001 - $1,124,000||0.6|
|$562,001 - $843,000||0.1|
|$449,001 - $562,000||0.0|
|$338,001 - $449,000||1.2|
|$225,001 - $338,000||7.8|
|$112,001 - $225,000||50.3|
|$56,001 - $112,000||33.2|
|$0 - $56,000||6.8|
|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 Orrville HOMES|
|2000 or Newer||8.1|
|1970 - 1999||37.2|
|1940 - 1969||32.1|
|1939 or Older||22.6|
|TYPE OF Orrville HOMES|
|Small Apt. Buildings||12.6|
|SIZE OF Orrville HOMES|
|5 or more bedrooms||1.64|