The housing market in Orange, CA is quite robust. The median value for a house is $942,700, which is substantially more than the US median house value of $338,100. Additionally, the US 1 year house appreciation rate of 8.27% was outdone by Orange's 10.89% appreciation rate over the same period of time. This indicates that despite already high prices for houses in Orange, they are still going up and making it an attractive market for those looking to buy or invest.
The median home cost in Orange is $942,700. Home appreciation the last 10 years has been 124.2%. Home Appreciation in Orange is up 16.4%.
Average Age of Homes
- The median age of Orange real estate is 45 years old
The Rental Market in Orange
- Renters make up 40.5% of the Orange population
- 1.7% of houses and apartments in Orange, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.