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 8,954 people, 2,869 houses or apartments, and a median cost of homes of $633,864, real estate costs in Orting are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Orting, accounting for 91.35% of the city's housing units. Other types of housing that are prevalent in Orting include row houses and other attached homes ( 2.50%), large apartment complexes or high rise apartments ( 2.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orting. Owner-occupied housing accounts for 77.91% of Orting's homes, and 70.30% have either three or four bedrooms, which is average sized relative to America.
Orting homes and real estate are some of the newest in America. 58.78% of Orting's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Orting real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.89%), and before 1939 ( 11.08%). There's also some housing in Orting built between 1940-1969 ( 3.24%).
In the last 10 years, Orting has experienced some of the highest home appreciation rates of any community in the nation. Orting real estate appreciated 156.16% over the last ten years, which is an average annual home appreciation rate of 9.86%, putting Orting in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Orting definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Orting appreciation rates have trailed the rest of the nation. In the last twelve months, Orting's appreciation rate has been 3.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orting were at 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Orting one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Washington, our data show that Orting's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.
$633,864
for Washington
for nation
2,869
$4,348 / per month