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 4,947 people, 1,619 houses or apartments, and a median cost of homes of $203,301, Orange 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, accounting for 55.76% of the town's housing units. Other types of housing that are prevalent in Orange include large apartment complexes or high rise apartments ( 22.92%), row houses and other attached homes ( 8.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.03%).
People in Orange primarily live in small (one, two or no bedroom) single-family detached homes. Orange has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Orange 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 built between 1940-1969 ( 29.46%). A lesser amount of the housing stock also hails from before 1939 ( 17.30%). There's also some housing in Orange built between 2000 and later ( 11.19%).
Vacant housing appears to be an issue in Orange. Fully 13.28% 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.
Homes have actually lost value in Orange over the last then years, as home values have seen a decline of 24.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Orange home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.
NeighborhoodScout's data show that during the latest twelve months, Orange's appreciation rate, at 4.26%, has been at or slightly above the national average. In the latest quarter, Orange's appreciation rate has been -1.60%, which annualizes to a rate of -6.23%.
Notably, Orange's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Virginia, our data show that Orange's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.
|$813,001 - $1,084,000||0.2|
|$542,001 - $813,000||5.7|
|$433,001 - $542,000||7.4|
|$325,001 - $433,000||8.7|
|$217,001 - $325,000||22.2|
|$109,001 - $217,000||42.7|
|$55,001 - $109,000||6.5|
|$0 - $55,000||6.1|
|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 HOMES|
|2000 or Newer||11.2|
|1970 - 1999||42.0|
|1940 - 1969||29.5|
|1939 or Older||17.3|
|TYPE OF Orange HOMES|
|Small Apt. Buildings||8.0|
|SIZE OF Orange HOMES|
|5 or more bedrooms||1.77|