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 about Scout's Real Estate Data
With a population of 137,941, 45,329 total housing units (homes and apartments), and a median house value of $1,175,199, Orange house prices are not only among the most expensive in California, Orange real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Orange, accounting for 55.75% of the city's housing units. Other types of housing that are prevalent in Orange include large apartment complexes or high rise apartments ( 20.71%), duplexes, homes converted to apartments or other small apartment buildings ( 11.21%), and a few row houses and other attached homes ( 9.75%).
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 54.18% owning and 45.82% renting.
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 ( 40.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.67%). There's also some housing in Orange built before 1939 ( 4.59%).
Real estate appreciation rates in Orange's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.56% during the period.
Over the last year, Orange appreciation rates have trailed the rest of the nation. In the last twelve months, Orange's appreciation rate has been 2.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orange were at -0.51%, which equates to an annual appreciation rate of -2.04%.
Relative to California, our data show that Orange's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
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.
$1,175,199
for California
for nation
45,329
$3,627 / per month