The typical owner-occupied home in Orange is worth about $491,500, 34% above the Connecticut median of $366,900 and 48% above the national median of $332,700. Owners pay a median $8,988 a year in property taxes, about 1.83% of their home's value, close to the Connecticut rate of 1.81%. The median household earns $142,325 a year, so the median home costs 3.5 times the median income (3.8 times for Connecticut). 89% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Orange at a glance
| Orange | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $491,500 | $366,900 | $332,700 |
| Median property tax paid per year | $8,988 | $6,643 | $3,119 |
| Property tax as a share of value | 1.83% | 1.81% | 0.94% |
| Median household income | $142,325 | $95,781 | $80,734 |
| Homes lived in by their owners | 89% | 66% | 65% |
| Owner homes with a mortgage | 64% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,991 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 21.8% | 21.0% |
| Median rent | $2,172 | $1,488 | $1,413 |
| Rent as a share of renters' income | 35.2% | 31.4% | 30.6% |
| Median year homes were built | 1964 | 1967 | 1980 |
| Vacant homes | 2.8% | 7.0% | 10.1% |
| Population | 14,315 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Orange
At this week's average 30-year rate of 7.11%, buying the median Orange home of $491,500 with 20% down costs about $3,599 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,418, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $154,260 for the 20%-down payment. That payment is 30% of the median Orange household income of $142,325; at that income and 20% down, the 28% guideline points to a home of about $453,000.
The median rent here is $2,172 a month, so owning the median home costs about $1,427 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $98,300 |
|---|---|
| Loan amount | $393,200 |
| Principal and interest | $2,645 |
| Property taxes (1.83% a year) | $750 |
| Homeowners insurance (our estimate, 0.5% a year) | $205 |
| PMI | $0 |
| Total per month | $3,599 |
Change the numbers in the calculator
| Down payment | $17,202 |
|---|---|
| Loan amount | $482,598 |
| Principal and interest | $3,246 |
| Property taxes (1.83% a year) | $750 |
| Homeowners insurance (our estimate, 0.5% a year) | $205 |
| FHA mortgage insurance | $217 |
| Total per month | $4,418 |
Change the numbers in the calculator
Questions about home buying in Orange
What is the median home value in Orange?
About $491,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Orange?
Homeowners pay a median $8,988 a year, which is about 1.83% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Orange?
For the median home with 20% down at 7.11%, the payment is about $3,599 a month. Keeping that under 28% of gross income takes about $154,260 a year.
More about Orange
- Mortgage Refinance in Orange
- Debt Relief in Orange
- Home Equity Loans in Orange
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data