Housing in Lake Orion, MI is highly desirable with a median value of $369,400 that is well above the US House median value of $338,100. The housing market has also seen a steady appreciation rate of 8.00% in the last year which is just below the national average of 8.27%. Lake Orion, MI is an attractive location for those looking to invest in real estate due to its high median house values and consistent appreciation rate.
The median home cost in Lake Orion is $369,400. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Lake Orion is up 11.2%.
Average Age of Homes
- The median age of Lake Orion real estate is 56 years old
The Rental Market in Lake Orion
- Renters make up 30.6% of the Lake Orion population
- 5.5% of houses and apartments in Lake Orion, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.