Orange, TX Real Estate Market
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 Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Orange, TX Housing Market Trends
With 19,081 people, 6,901 houses or apartments, and a median cost of homes of $158,097, house prices in Orange are solidly below the national average.
Single-family detached homes are the single most common housing type in Orange, accounting for 71.69% of the city's housing units. Other types of housing that are prevalent in Orange include large apartment complexes or high rise apartments ( 17.80%), duplexes, homes converted to apartments or other small apartment buildings ( 5.94%), and a few mobile homes or trailers ( 2.42%).
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 55.31% owning and 44.69% 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 ( 37.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.43%). There's also some housing in Orange built before 1939 ( 5.73%).
Vacant housing appears to be an issue in Orange. Fully 21.53% 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
Orange's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Orange during the period has been just 4.72%, which is lower than 80% of US communities.
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 4.61%, 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 8.51%, which equates to an annual appreciation rate of 38.61%.
Importantly, this makes Orange one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Orange's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.
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.
Median Home Value
$158,097
Low
for Texas
Very Low
for nation
Number of Homes And Apartments:
6,901
TX
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,581 / per month