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 7,558 people, 3,006 houses or apartments, and a median cost of homes of $255,608, Orange real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Orange homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Orange, accounting for 60.99% of the town's housing units. Other types of housing that are prevalent in Orange include duplexes, homes converted to apartments or other small apartment buildings ( 16.80%), large apartment complexes or high rise apartments ( 14.77%), and a few mobile homes or trailers ( 6.62%).
Dwellings in Orange tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 47.05% of the homes in Orange have two or fewer bedrooms.
The housing in Orange was primarily built before 1939 ( 36.21%), making the housing stock in Orange some of the oldest overall in America, although there is a range of ages of homes in Orange. The next most important housing age is between 1970-1999 ( 29.27%), followed by between 1940-1969 ( 24.54%). There's also some housing in Orange built between 2000 and later ( 9.98%).
Vacant housing appears to be an issue in Orange. Fully 11.22% 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.
Appreciation rates for homes in Orange have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.72%, which ranks in the top 50% nationwide. This equates to an annual average Orange house appreciation rate of 6.73%.
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 4.68%, 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 0.85%, which equates to an annual appreciation rate of 3.44%.
Relative to Massachusetts, our data show that Orange's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.
$255,608
for Massachusetts
for nation
3,006
$1,681 / per month