Orange, CT Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Orange, CT Housing Market Trends

With 13,926 people, 4,974 houses or apartments, and a median cost of homes of $465,992, Orange house prices are not only among the most expensive in Connecticut, Orange real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Orange, accounting for 89.39% of the town's housing units. Other types of housing that are prevalent in Orange include large apartment complexes or high rise apartments ( 6.58%), duplexes, homes converted to apartments or other small apartment buildings ( 2.41%), and a few row houses and other attached homes ( 1.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orange. Owner-occupied housing accounts for 87.42% of Orange's homes, and 76.63% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Orange's housing was primarily built during this period, from the '40s through the '60s. A full 56.74% of the town's housing hails from this era. Other housing ages represented in Orange include homes built between 1970-1999 ( 25.30%) and housing constructed between 2000 and later ( 9.72%). There's also some housing in Orange built before 1939 ( 8.24%).

Orange Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Orange, where house values have increased just 19.73%, which is annualized rate of 1.82%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Orange that despite a nationwide downturn in the housing market, Orange real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orange appreciation rates continue to be some of the highest in America, at 11.30%, which is higher than appreciation rates in 78.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orange. Orange appreciation rates in the latest quarter were at 3.65%, which equates to an annual appreciation rate of 15.42%.

Importantly, this makes Orange one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Connecticut, our data show that Orange's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$465,992

Orange, CT HOME PRICES

> $1,193,000
0.9%
0.9%
$895,001 - $1,193,000
5.4%
5.4%
$597,001 - $895,000
13.3%
13.3%
$477,001 - $597,000
25.4%
25.4%
$358,001 - $477,000
43.5%
43.5%
$239,001 - $358,000
10.2%
10.2%
$119,001 - $239,000
0.7%
0.7%
$60,001 - $119,000
0.1%
0.1%
$0 - $60,000
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CT

Value Relative To Nation

Number Of Homes And Apartments:
4,974

Orange Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
53.81% 2.02%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,414 / per month

Homeownership Rate

Owners
87.4%
87.4%
Renters
12.6%
12.6%
Vacant
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.7%
9.7%
1970 - 1999
25.3%
25.3%
1940 - 1969
56.7%
56.7%
1939 or Older
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
89.4%
89.4%
Townhomes
1.1%
1.1%
Small Apt. Buildings
2.4%
2.4%
Apt. Complexes
6.6%
6.6%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
5.8%
5.8%
2 Bedrooms
8.6%
8.6%
3 Bedrooms
47.3%
47.3%
4 Bedrooms
29.3%
29.3%
5 or more bedrooms
7.9%
7.9%
0.0% 100.0%
% OF HOMES