Home Values

Orange County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$174,700

  • 5.2% 1-year change
  • None 1-year forecast

The median home value in Orange County is $174,700. Orange County home values have gone up 5.2% over the past year. The median list price per square foot in Orange County is $128, which is lower than the Virginia average of $139. The median price of homes currently listed in Orange County is $200,000 while the median price of homes that sold is $175,500. The median rent price in Orange County is $1,300, which is lower than the Virginia median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Orange County 6.6 homes are foreclosed (per 10,000). This is greater than the Virginia value of 2.3 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Orange County is 3.6%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Orange County homeowners underwater on their mortgage is 21.4%, which is higher than Virginia at 18.5%.

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Relative ZHVI
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Orange County Market Overview

Data through Feb 28, 2015
  • $174,700 ZHVI
  • No data 1-yr forecast
  • $200,000 Median listing price
  • $175,500 Median sale price
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Orange County Market Health

Data through Feb 28, 2015
  • 2.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 21.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

6.6 homes Orange County
2.3 homes Virginia
3.9 homes United States
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Cities in Orange County

Name Median ZHVI
Barboursville $229,700
Locust Grove $205,700
Gordonsville $161,800
Name Median ZHVI
Rhoadesville $156,800
Unionville $153,200
Orange $147,900

Listings & Sales

Data through Feb 28, 2015
  • $128 Median list price / sq ft
  • $112 Median sale price / sq ft
  • 9.5% Listings with price cut
20.1%
Sold below listing
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Orange County Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,272 Orange County
    $1,503 Virginia
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,300 Rent list price
  • $0.77 Rent list price / sq ft
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