Orange, NJ 07050 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Orange, NJ—07050

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$473,000

0.5% YoY Growth

Household Income

$53,100

37.9% YoY Growth

Days on Market

54.0% Shorter YoY

Home Price Forecast

1.4%

Median Rent

$2,200

1.3% YoY Growth

1-Bed Rent

$1,800

0.5% YoY Growth

2-Bed Rent

$2,200

0.9% YoY Growth

3-Bed Rent

$2,500

12.0% YoY Growth

Home Price Trends — Orange, NJ

As of May '26, the median home price in Orange, NJ is $473,000, with a year-over-year change of -0.5%. This indicates that home prices in Orange, NJ are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$473,000	-0.5%
Single Family	$505,000	0.6%
Condos	$306,000	1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Orange, NJ

As of July '25, Rentcast reports the average rent in Orange, NJ is $2,230, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Orange, NJ is studios: $1,770, 1-bedrooms: $1,870, 2-bedrooms: $2,280, 3-bedrooms: $2,640, 4-bedrooms: $3,090. The most common rental property sizes in Orange, NJ are 2-bedroom and 1-bedroom, accounting for 38.1% and 36.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,230
Studio Rent	$1,900	$1,770
1 Bed Rent	$1,800	$1,870
2 Bed Rent	$2,200	$2,280
3 Bed Rent	$2,500	$2,640
4 Bed Rent	$3,000	$3,090

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% of Rental Stock

Studio

8.5%

1 Bedroom

36.4%

2 Bedrooms

38.1%

3 Bedrooms

12.9%

4 Bedrooms

2.3%

5+ Bedrooms

1.7%

Property Listings — Orange, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Orange, NJ is 34. This is a decrease of -54.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$477,000	30.0%
Listing Count	55	0.0%
Listings as % of Homes	0.3%	0.0%
Days on Market	34	-54.0%

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Demographics — Orange, NJ

As of the latest ACS Survey released in 2023, Orange, NJ has a population of 33,900, which has increased by 11.6% over the past 5 years. Orange, NJ is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	33,900	11.6%
% Under 18	25.4%	7.2%
% Seniors	13.5%	-3.6%
% WFH	6.1%	205.0%
% w/ College Degree	21.1%	-8.3%

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As of the latest ACS Survey released in 2023, Orange, NJ is a predominantly black area, with 59.3% of the population identifying as black. The black population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Orange, NJ is hispanic, making up 29.7% of the population. Foreign-born residents account for 40.5% of the population in Orange, NJ, and this percentage has increased by 3.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	5.3%	60.6%
% Black	59.3%	-14.8%
% Hispanic	29.7%	18.8%
% Asian	2.3%	76.9%
% Foreign Born	40.5%	3.6%

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Mortgage and Risk — Orange, NJ

According to HUD data as of 2023, there were 206 mortgage originations in Orange, NJ, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Orange, NJ. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	206
% Conventional Loans	62.0%
% Government Loans	38.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Orange, NJ

As of 2024, the percent of homes in Orange, NJ under the Section 8 program is 15.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Orange, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,854
Total Units Section 8	1,492
% Rentals under Section 8	15.5%
% Occupied Section 8	86.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$140	$1,800	$1,660
2 Bedroom	-$190	$2,200	$2,010
3 Bedroom	$30	$2,500	$2,530
4 Bedroom	-$120	$3,000	$2,880

Orange, NJ—07050

Key Metrics at a Glance

Home Price Trends — Orange, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Orange, NJ

% of Rental Stock

Property Listings — Orange, NJ

Demographics — Orange, NJ

Race and Ethnicity

Mortgage and Risk — Orange, NJ

Mortgages

Rentals and Section 8 — Orange, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Orange, NJ

Home Price to Income Ratio

Orange, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

East Orange, NJ

Newark, NJ

East Orange, NJ

South Orange, NJ

West Orange, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.8
Median Home Price	$473,000
Median Household Income	$53,100

Orange, NJ—07050

Key Metrics at a Glance

Home Price Trends — Orange, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Orange, NJ

% of Rental Stock

Property Listings — Orange, NJ

Demographics — Orange, NJ

Race and Ethnicity

Mortgage and Risk — Orange, NJ

Mortgages

Rentals and Section 8 — Orange, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Orange, NJ

Home Price to Income Ratio

Orange, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

East Orange, NJ

Newark, NJ

East Orange, NJ

South Orange, NJ

West Orange, NJ

Frequently Asked Questions

What is the average home price in Orange, NJ 07050?

How have home prices in Orange, NJ 07050 changed over the past year?

What is the home price projection for Orange, NJ 07050?

What are the demographics of Orange, NJ 07050?

How long does it take homes to sell in Orange, NJ 07050?

What is the average rent price in Orange, NJ 07050?