The housing market in Orange, CT is thriving. The median value of homes in the area is significantly higher than the national median, at $497,900 compared to $338,100. This suggests that home values are steadily appreciating as well, with a one-year appreciation rate of 10.61%, which is higher than the US rate of 8.27%. This makes it an ideal place for those looking to invest in real estate or purchase a home.
The median home cost in Orange is $497,900. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Orange is up 13.4%.
Average Age of Homes
- The median age of Orange real estate is 54 years old
The Rental Market in Orange
- Renters make up 11.3% of the Orange population
- 0.9% 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.