Orange, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Orange Neighborhoods Since 2000




Orange, TX 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 Housing Market Information

With 19,347 people, 7,858 houses or apartments, and a median cost of homes of $109,865, house prices in Orange are solidly below the national average.

Single-family detached homes are the single most common housing type in Orange, accounting for 74.55% of the city's housing units. Other types of housing that are prevalent in Orange include large apartment complexes or high rise apartments ( 18.12%), duplexes, homes converted to apartments or other small apartment buildings ( 4.14%), and a few mobile homes or trailers ( 2.38%).

The most prevalent building size and type in Orange are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.27% owning and 41.73% renting.

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 40.91% of the city's housing hails from this era. Other housing ages represented in Orange include homes built between 1970-1999 ( 37.80%) and housing constructed between 2000 and later ( 15.24%). There's also some housing in Orange built before 1939 ( 6.05%).

Vacant housing appears to be an issue in Orange. Fully 14.07% of the housing stock is classified as vacant. Left unchecked, vacant Orange homes and apartments can be a drag on the real estate market, holding Orange 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.

Orange Home Appreciation Rates

Appreciation rates for homes in Orange have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.88%, which ranks in the top 30% nationwide. This equates to an annual average Orange house appreciation rate of 1.31%.

NeighborhoodScout's data show that during the latest twelve months, Orange's appreciation rate, at 5.56%, has been at or slightly above the national average. In the latest quarter, Orange's appreciation rate has been -1.13%, which annualizes to a rate of -4.46%.

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

Relative to Texas, our data show that Orange's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

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

Average Home Values

 

Median Home Value:
$109,865

Orange, TX HOME PRICES

Value Range
> $1,126,000 0.1
$844,001 - $1,126,000 0.4
$563,001 - $844,000 0.9
$450,001 - $563,000 0.5
$338,001 - $450,000 1.4
$225,001 - $338,000 10.8
$112,001 - $225,000 30.2
$56,001 - $112,000 35.7
$0 - $56,000 20.0

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
71.4754482596976 57.1984435797665

Number Of Homes And Apartments:
7,858

Orange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
46.37% 2.23% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$993 / per month

Homeownership Rate

Homeownership
Owners 58.27
Renters 41.73
Vacant 14.07

Housing Market Details

 

Age of Homes

AGE OF Orange HOMES
2000 or Newer 15.2
1970 - 1999 37.8
1940 - 1969 40.9
1939 or Older 6.0

Types of Homes

TYPE OF Orange HOMES
Single-Family 74.6
Townhomes 0.8
Small Apt. Buildings 4.1
Apt. Complexes 18.1
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Orange HOMES
No Bedroom 1.36
1 Bedroom 10.67
2 Bedrooms 25.28
3 Bedrooms 47.03
4 Bedrooms 13.95
5 or more bedrooms 1.71