ORCHARD PARK HOUSING MARKET INFORMATION With a population of 3,041, 1,495 total housing units (homes and apartments), and a median house value of $501,242, Orchard Park real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Orchard Park, accounting for 56.78% of the village's housing units. Other types of housing that are prevalent in Orchard Park include large apartment complexes or high rise apartments ( 28.99%), duplexes, homes converted to apartments or other small apartment buildings ( 12.97%). The most prevalent building size and type in Orchard Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.90% owning and 44.10% renting. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Orchard Park's housing was primarily built during this period, from the '40s through the '60s. A full 42.75% of the village's housing hails from this era. Other housing ages represented in Orchard Park include homes built between 1970-1999 ( 35.97%) and housing constructed before 1939 ( 14.49%). There's also some housing in Orchard Park built between 2000 and later ( 6.78%). ORCHARD PARK HOME APPRECIATION RATES Real estate appreciation rates in Orchard Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.73% during the period. 蘑菇视频's data show that during the latest twelve months, Orchard Park's appreciation rate, at 8.25%, has been at or slightly above the national average. In the latest quarter, Orchard Park's appreciation rate has been 2.65%, which annualizes to a rate of 11.03%. Importantly, this makes Orchard Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength. Relative to New York, our data show that Orchard Park's latest annual appreciation rate is lower than 80% of the other cities and towns in New York. One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Orchard Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Orchard Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Orchard Park real estate investment or home purchase decisions.