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 6,286 people, 2,228 houses or apartments, and a median cost of homes of $307,014, Orange City 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 City, accounting for 71.81% of the city's housing units. Other types of housing that are prevalent in Orange City include duplexes, homes converted to apartments or other small apartment buildings ( 13.88%), row houses and other attached homes ( 6.12%), and a few large apartment complexes or high rise apartments ( 5.17%).
The most prevalent building size and type in Orange City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.17% owning and 35.83% renting.
There is a lot of housing in Orange City 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 City built between 1940-1969 ( 24.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.71%). There's also some housing in Orange City built before 1939 ( 18.10%).
Appreciation rates for homes in Orange City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.08%, which ranks in the top 50% nationwide. This equates to an annual average Orange City house appreciation rate of 6.75%.
Appreciation rates are so strong in Orange City that despite a nationwide downturn in the housing market, Orange City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orange City appreciation rates continue to be some of the highest in America, at 9.31%, which is higher than appreciation rates in 82.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orange City. Orange City appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.38%.
Relative to Iowa, our data show that Orange City's latest annual appreciation rate is higher than 80% of the other cities and towns in Iowa.
$307,014
for Iowa
for nation
2,228
$1,087 / per month