Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$494,660−2.0% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$107,232About 1.3× the local median income ($83,872): a stretch for a typical household
Days on market58 daysFaster than a year ago: sellers have the edge
Next 12 months−0.4%Zillow expects prices to stay about flat
The typical home in Orange County, NC is worth $494,660, down 2.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $419,762, so the area is 17.8% overvalued. It is a buyer's market: homes take about 58 days to sell, listings are up 34% from a year ago, 22% of listings have had a price cut. Zillow expects prices to fall about 0.4% over the next year. A household needs about $107,232 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,872. Typical rent is $1,685 a month, or $2,181 for a house. In the latest IRS figures, 1,113 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$494,660
Change in 1 year
−2.0%
Overvalued %
+17.8%
Show 7 more
Fair home value
$419,762
Change in 5 years
+24.4%
Zillow forecast, next 12 months
−0.4%
Home value to income
5.9×
Monthly mortgage payment (20% down)
$2,681
Income needed to afford it
$107,232
Property tax rate
0.91%
Rent and investing
Typical rent
$1,685
Typical rent for houses
$2,181
Price-to-rent ratio
24.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,745
Gross rental yield
4.09%
Cap rate (estimate)
2.66%
Market activity
Listings vs a year ago
+34.5%
Days on market
58
Listings with a price cut
21.9%
Show 3 more
Homes for sale
515
Pending sales per 100 listings
38
Asking price per sq ft
$261
People and jobs
Median household income
$83,872
Population change (1 year)
+0.5%
Unemployment rate
3.6%
Show 4 more
Population
152,498
Income adjusted for cost of living
$85,934
Net moves in (IRS)
−1,113
Cost of living (US = 100)
97.6
Schools, risk and environment
School rating (1 to 10)
9.2
FEMA hazard risk score (0 to 100)
79.1
Flood risk score
85.5
Show 3 more
Wildfire risk score
28.4
Walkability (1 to 20)
9.8
Road, rail and air noise
55 dB
Questions people ask
Is Orange County, NC overvalued?
Home prices in Orange County, NC are well above what local incomes have historically supported: fair value is about $419,762, so the area is 17.8% overvalued.
Is Orange County, NC a buyer's or seller's market?
Orange County, NC is a buyer's market: homes take about 58 days to sell, listings are up 34% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Orange County, NC?
Home values in Orange County, NC are down 2.0% over the last year. Zillow's forecast for the next 12 months is −0.4%.
How much do you need to earn to buy a home in Orange County, NC?
A household needs about $107,232 a year to afford the typical home in Orange County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,872.