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Orange County Housing Market

North Carolina · 100 counties · Ranked #2960 in home value

Above National Avg

Housing at a Glance

Median Home Value

$428,500

vs national+$428,500 vs $281,900 national

Median Gross Rent

$1,387/mo

vs national+$1,387 vs $1,163 national

Effective Tax Rate

0.96%

vs national0.96% vs 1.02% national

Median Household Income

$88,553

vs national+$88,553 vs $74,755 national

Affordability Ratio

4.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$4,105

Tax as % of Home Value

0.96%

Monthly Owner Cost

$1,525

Renter Income

$47,908

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Mortgage

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Orange County?

The median home value in Orange County is $428,500. This is above the national median of $281,900.

How much is rent in Orange County?

The median gross rent in Orange County is $1,387 per month.

What is the property tax rate in Orange County?

The effective property tax rate in Orange County is 0.96%. The median annual property tax bill is $4,105.

Is Orange County affordable?

With a home-value-to-income ratio of 4.8x, Orange County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.