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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,329 people, 2,163 houses or apartments, and a median cost of homes of $378,374, Orosi real estate values are some of the lowest in California, although compared to real estate around the nation, Orosi homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Orosi, accounting for 67.46% of the town's housing units. Other types of housing that are prevalent in Orosi include duplexes, homes converted to apartments or other small apartment buildings ( 14.24%), large apartment complexes or high rise apartments ( 7.28%), and a few mobile homes or trailers ( 7.01%).
The most prevalent building size and type in Orosi are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.22% owning and 43.78% renting.
There is a lot of housing in Orosi built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Orosi built between 1940-1969 ( 28.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.69%).
In the last 10 years, Orosi has experienced some of the highest home appreciation rates of any community in the nation. Orosi real estate appreciated 141.42% over the last ten years, which is an average annual home appreciation rate of 9.21%, putting Orosi in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orosi definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Orosi's appreciation rate, at 3.78%, has been at or slightly above the national average. In the latest quarter, Orosi's appreciation rate has been 2.86%, which annualizes to a rate of 11.94%.
Importantly, this makes Orosi 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 California, our data show that Orosi's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
$378,374
for California
for nation
2,163
$2,032 / per month