Orange, VA—22960
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Orange, VA
Orange, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | 1.5% |
| Single Family | $329,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 2.1% |
3 Bed | $348,000 | 2.1% |
4 Bed | $428,000 | 2.4% |
| 5 Bed | $572,000 | 3.2% |
% of Housing Stock
Rental Trends — Orange, VA
As of July '25, Rentcast reports the average rent in Orange, VA is $1,990, with a year-over-year rent change of 15.7%. Per bedroom, the median rent as of July '25 in Orange, VA is 1-bedrooms: $1,150, 2-bedrooms: $1,620, 3-bedrooms: $1,920, 4-bedrooms: $4,350. The most common rental property sizes in Orange, VA are 2-bedroom and 3-bedroom, accounting for 54.6% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,150 |
| 2 Bed Rent | $1,300 | $1,620 |
| 3 Bed Rent | $1,800 | $1,920 |
| 4 Bed Rent | $3,200 | $4,350 |
% of Rental Stock
Property Listings — Orange, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Orange, VA is 53. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $422,000 | -10.0% |
Listing Count | 74 | 28.0% |
| Listings as % of Homes | 1.4% | 28.0% |
Days on Market | 53 | 38.0% |
Demographics — Orange, VA
As of the latest ACS Survey released in 2023, Orange, VA has a population of 10,900, which has increased by 5.1% over the past 5 years. Orange, VA is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 5.1% |
% Under 18 | 20.8% | -13.3% |
% Seniors | 16.0% | -4.8% |
% WFH | 8.3% | 56.6% |
% w/ College Degree | 22.2% | 13.8% |
As of the latest ACS Survey released in 2023, Orange, VA is a predominantly white area, with 76.4% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Orange, VA is black, making up 16.9% of the population. Foreign-born residents account for 1.9% of the population in Orange, VA, and this percentage has decreased by 62.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.4% | 2.3% |
% Black | 16.9% | 3.7% |
% Hispanic | 4.4% | 22.2% |
% Asian | 0.2% | -77.8% |
% Foreign Born | 1.9% | -62.7% |
Mortgage and Risk — Orange, VA
According to HUD data as of 2023, there were 207 mortgage originations in Orange, VA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Orange, VA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Orange, VA
As of 2024, the percent of homes in Orange, VA under the Section 8 program is 6.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Orange, VA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 86 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,050 | $880 |
| 2 Bedroom | -$220 | $1,300 | $1,080 |
| 3 Bedroom | -$300 | $1,800 | $1,500 |
| 4 Bedroom | -$1,490 | $3,200 | $1,710 |
Affordability — Orange, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $328,000 |
| Median Household Income | $79,100 |