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The Naranja market
Market report · Neighbourhood · Jul 2026
The Naranja market, in numbers
Part of Homestead — see the Homestead report
Homes in Naranja typically sell in about 140 days, close around 6.9% under ask, prices are down 52.6% on a year ago. With 59.4 months of inventory, it’s a buyer’s market.
Median sale price
$225k
↓ −39.4% MoM↓ −52.6% YoY
5 sales closed in Jul 2026
Median rent
$2,300/mo
↓ −7.1% MoM↓ −3.2% YoY
7 leases closed in Jul 2026
Time to sell
140 days
typical days on market
Days from listing to going under contract.
Negotiation room
6.9% under ask
typical closing vs asking price
How far below the asking price homes typically close.
Months of inventory
59.4 mo
buyer’s market
Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.
Gross rental yield
12.3%
yearly rent ÷ sale price
A year of median rent as a share of the median sale price.
+9% vs Homestead overallmedian sale price
Sells 45 days slower than Homesteaddays on market
HOA fees 3.56× the Homestead averageper sqft, monthly
Your questions, answered
Straight answers from Naranja’s closed transactions.
What does a home here cost?
The median sale closed at $225k in Jul 2026, down 52.6% on a year ago. Typical sales ranged $136k–$438k.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $2,006/mo including taxes and HOA — comfortable at a household income around $80k a year, using the 30% rule. Renting instead costs $2,300/mo.
Is now a good time to buy?
59.4 months of inventory points to a buyer’s market, and sellers are accepting about 6.9% under ask. Prices have eased over the past year, which favors patient buyers.
How fast do homes sell?
About 140 days from listing to contract in Jul 2026. The pace picks up toward October and slows around January.
How much room is there to negotiate?
Closings typically land 6.9% under asking price, and 44% of active listings have already reduced their price (median cut 4.1%).
When is the best time to list?
Closings peak in October and bottom out around January. Listing four to six weeks ahead of the peak historically gets the most eyes.
Is it a good rental investment?
A year of median rent ($2,300/mo) equals 12.3% of the median sale price, before fees and taxes. HOA fees run 3.56× the Homestead average.
Buying vs renting
Price-to-rent ratio is 8.2 — buying typically starts to beat renting after roughly 3–4 years here.
To buy — median sale price
Sale price, $
$225k↓ −39.4% MoM↓ −52.6% YoY
Jul 2026 — median $225k · 5 sales · 140 days on market
$0
$500k
$1.0M
$1.5M
$2.0M
Aug ’25
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
To rent — median monthly rent
Monthly rent, $
$2,300/mo↓ −7.1% MoM↓ −3.2% YoY
Jul 2026 — median $2,300/mo · 7 leases · 60 days on market
$1,000
$2,000
$3,000
$4,000
Aug ’25
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.
What each size costs
Medians over the last 12 months.
Beds
To buy
To rent
Volume
1 bed
—
$1,387/mo
8 closed Low sample
2 beds
$198k
$1,957/mo
36 closed
3 beds
$375k
$2,588/mo
73 closed
What sells here
Sales mix and median price by property type, last 12 months.
Condo
$209k
10% of sales · 7 closed
House
$451k
36% of sales · 24 closed
Townhouse
$368k
54% of sales · 36 closed
Market depth
Supply and demand
Listings per month
Jul 2026 — 5 closed · 15 new · 198 active
0
100
200
300
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
ClosedActive (on market)New listings
Seasonality
Avg closings
Listings move fastest in October
0
2
4
6
J
F
M
A
M
J
J
A
S
O
N
D
Average closings by calendar month, drawn from at least two years of history.
Price-cut pressure
% of active listings
Jul 2026 — 44% of active listings cut · median cut 4.1%
0%
25%
50%
75%
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
$0.48 per sqft · Jul 2026
$0.00
$0.20
$0.40
$0.60
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
Median monthly HOA fee per square foot among closed sales.
How neighbourhoods compare across Homestead
Median sale price, last 12 months. Tap a row to open its report.
Based on 328 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.