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 a population of 8,329, 2,104 total housing units (homes and apartments), and a median house value of $361,151, Orosi real estate values are some of the lowest in California, although compared to real estate around the nation, Orosi homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Orosi, accounting for 66.11% of the town's housing units. Other types of housing that are prevalent in Orosi include duplexes, homes converted to apartments or other small apartment buildings ( 17.22%), large apartment complexes or high rise apartments ( 8.12%), and a few mobile homes or trailers ( 6.45%).
The most prevalent building size and type in Orosi are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.56% owning and 42.44% renting.
There is a lot of housing in Orosi 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 Orosi built between 2000 and later ( 19.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.34%).
In the last 10 years, Orosi has experienced some of the highest home appreciation rates of any community in the nation. Orosi real estate appreciated 168.52% over the last ten years, which is an average annual home appreciation rate of 10.38%, putting Orosi in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orosi definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Orosi that despite a nationwide downturn in the housing market, Orosi real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orosi appreciation rates continue to be some of the highest in America, at 20.06%, which is higher than appreciation rates in 99.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orosi. Orosi appreciation rates in the latest quarter were at 0.42%, which equates to an annual appreciation rate of 1.71%.
Notably, Orosi's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Orosi's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$361,151
for California
for nation
2,104
$1,805 / per month