Orange, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Orange Neighborhoods Since 2000




Orange, VA 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 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.

Orange Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$203,301

Orange, VA HOME PRICES

Value Range
> $1,084,000 0.4
$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

Average for VA
High for Nation

Value Relative to Nation Value Relative to State
31.4660728934724 43.213296398892

Number Of Homes And Apartments:
1,619

Orange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
46.18% 2.23% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$961 / per month

Homeownership Rate

Homeownership
Owners 37.86
Renters 62.14
Vacant 13.28

Housing Market Details

 

Age of Homes

AGE OF Orange HOMES
2000 or Newer 11.2
1970 - 1999 42.0
1940 - 1969 29.5
1939 or Older 17.3

Types of Homes

TYPE OF Orange HOMES
Single-Family 55.8
Townhomes 8.5
Small Apt. Buildings 8.0
Apt. Complexes 22.9
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Orange HOMES
No Bedroom 4.55
1 Bedroom 12.21
2 Bedrooms 34.28
3 Bedrooms 37.98
4 Bedrooms 9.21
5 or more bedrooms 1.77

Popular Neighborhoods in Orange

Zip Codes in Orange, VA