Orange, NJ—07050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Orange, NJ
As of Nov '25, the median home price in Orange, NJ is $461,000, with a year-over-year change of 0.8%. This indicates that home prices in Orange, NJ are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $461,000 | 0.8% |
| Single Family | $489,000 | 1.0% |
| Condos | $296,000 | 6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | 0.3% |
3 Bed | $445,000 | 2.1% |
4 Bed | $540,000 | 1.5% |
| 5 Bed | $636,913 | 2.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Orange, NJ
As of Nov '25, Realtor.com reports that the median days on market for a home in Orange, NJ is 46. This is a decrease of -18.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 18.0% |
Listing Count | 47 | -8.0% |
| Listings as % of Homes | 0.3% | -8.0% |
Days on Market | 46 | -18.0% |
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% |
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% |
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% |
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 |
Affordability — Orange, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $461,000 |
| Median Household Income | $53,100 |