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 1,182 people, 465 houses or apartments, and a median cost of homes of $295,492, Orange Grove real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Orange Grove, accounting for 75.81% of the city's housing units. Other types of housing that are prevalent in Orange Grove include duplexes, homes converted to apartments or other small apartment buildings ( 14.84%), large apartment complexes or high rise apartments ( 5.89%), and a few mobile homes or trailers ( 3.46%).
The most prevalent building size and type in Orange Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.86% owning and 39.14% renting.
There is a lot of housing in Orange Grove 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 Grove built between 2000 and later ( 26.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.22%). There's also some housing in Orange Grove built before 1939 ( 4.88%).
In the last 10 years, Orange Grove has experienced some of the highest home appreciation rates of any community in the nation. Orange Grove real estate appreciated 114.61% over the last ten years, which is an average annual home appreciation rate of 7.94%, putting Orange Grove in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orange Grove definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Orange Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Orange Grove's appreciation rate has been 2.40%, 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 Grove were at -0.76%, which equates to an annual appreciation rate of -2.99%.
Relative to Texas, our data show that Orange Grove's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
$295,492
for Texas
for nation
465
$1,358 / per month