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 14,897, 6,025 total housing units (homes and apartments), and a median house value of $298,481, 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 44.25% of the city's housing units. Other types of housing that are prevalent in Orange City include large apartment complexes or high rise apartments ( 25.74%), mobile homes or trailers ( 13.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.44%).
People in Orange City primarily live in small (one, two or no bedroom) single-family detached homes. Orange City has a mixture of owner-occupied and renter-occupied housing.
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 2000 and later ( 35.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.85%). There's also some housing in Orange City built before 1939 ( 2.19%).
Vacant housing appears to be an issue in Orange City. Fully 10.87% of the housing stock is classified as vacant. Left unchecked, vacant Orange City homes and apartments can be a drag on the real estate market, holding Orange City 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.
In the last 10 years, Orange City has experienced some of the highest home appreciation rates of any community in the nation. Orange City real estate appreciated 221.18% over the last ten years, which is an average annual home appreciation rate of 12.38%, putting Orange City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orange City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Orange City appreciation rates have trailed the rest of the nation. In the last twelve months, Orange City's appreciation rate has been 2.48%, 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 City were at 0.54%, which equates to an annual appreciation rate of 2.16%.
Notably, Orange City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Orange City's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Orange City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orange City - 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 City real estate investment or home purchase decisions.
$298,481
for Florida
for nation
6,025
$2,103 / per month