ORRVILLE HOUSING MARKET INFORMATION With a population of 8,422, 3,188 total housing units (homes and apartments), and a median house value of $230,008, house prices in Orrville are solidly below the national average. Single-family detached homes are the single most common housing type in Orrville, accounting for 64.26% of the city's housing units. Other types of housing that are prevalent in Orrville include duplexes, homes converted to apartments or other small apartment buildings ( 16.12%), large apartment complexes or high rise apartments ( 11.04%), and a few row houses and other attached homes ( 5.54%). The most prevalent building size and type in Orrville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.01% owning and 36.99% renting. There is a lot of housing in Orrville 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 Orrville built between 1940-1969 ( 28.20%). A lesser amount of the housing stock also hails from before 1939 ( 21.29%). There's also some housing in Orrville built between 2000 and later ( 15.26%). ORRVILLE HOME APPRECIATION RATES Appreciation rates for homes in Orrville have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 100.27%, which ranks in the top 40% nationwide. This equates to an annual average Orrville house appreciation rate of 7.19%. Appreciation rates are so strong in Orrville that despite a nationwide downturn in the housing market, Orrville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orrville appreciation rates continue to be some of the highest in America, at 9.45%, which is higher than appreciation rates in 74.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orrville. Orrville appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.61%. Importantly, this makes Orrville 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 Ohio, our data show that Orrville's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Orrville differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Orrville - 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 Orrville real estate investment or home purchase decisions.