Orange County, North Carolina Housing Market
In Orange County, North Carolina, the median home value is $459,500, with a median monthly rent of $1,496. This places Orange County at #180 nationally out of 3134 counties by median home value, and #3 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,378
- Establishments: 4,982
- BLS QCEW, 2025
Housing Supply
- Single-family: 299
- Multi-family: 367
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 55,764 (avg $147,085)
- Outflow: 52,143 (avg $147,664)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Orange County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 27243 | 268.3 | -3.88% | 2025 |
| 2 | 27514 | 276.9 | +2.22% | 2025 |
| 3 | 27510 | 337.8 | +1.77% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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See the 2026 FHA and conforming loan limits for Orange County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Orange County →How Orange County Compares
| Metric | Orange County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $459,500 | $235,312 | $227,706 |
| Median Gross Rent | $1,496 | $976 | $968 |
| Owner Occupancy Rate | 63.8% | 71.8% | 73.3% |
| Price/Rent Ratio | 25.6 | 19.8 | 18.7 |
Market Analysis
The median home value in Orange County is 95.3% above the North Carolina state average and 101.8% above the U.S. national average. The median rent of $1,496/month is 53.3% above the state average.
With a price-to-rent ratio of 25.6, Orange County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Orange County has an owner-occupancy rate of 63.8%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Passaic County | New Jersey | $459,500 | $1,621 |
| Fulton County | Georgia | $458,800 | $1,732 |
| Calvert County | Maryland | $460,200 | $1,759 |
| Dare County | North Carolina | $460,400 | $1,345 |
| Leelanau County | Michigan | $458,400 | $1,228 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Dare County | $460,400 | $1,345 | 78.4% |
| Wake County | $461,300 | $1,623 | 64.1% |
| Chatham County | $446,200 | $1,180 | 80.6% |
| Union County | $417,300 | $1,496 | 81.6% |
| Mecklenburg County | $406,800 | $1,627 | 55.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).