Zip 48359 (Lake Orion, MI) Housing

The housing median value in 48359 Lake Orion, MI is $329,700 which is slightly lower than the US house median value of $338,100. Despite this difference, the 1 year house appreciation in 48359 Lake Orion, MI is 8.00%, only 0.27% lower than the US 1 year house appreciation rate of 8.27%. This indicates that the housing market in 48359 Lake Orion, MI has been performing just as well as the US housing market on average.

The median home cost in Lake Orion (zip 48359) is $329,700. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Lake Orion (zip 48359) is up 11.2%.

Average Age of Homes

- The median age of Lake Orion (zip 48359) real estate is 29 years old

The Rental Market in Lake Orion (zip 48359)

- Renters make up 21.2% of the Lake Orion (zip 48359) population
- 1.3% of houses and apartments in Lake Orion (zip 48359), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lake Orion, Michigan	United States
	4,272.0	139,647,020.0
	29	42
	$329,700	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$12.47	$10.98
	$3,403	$2,690
	66.0%	57.4%
	4.3%	11.2%
	29.8%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.4%	0.4%
	1.5%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	6.7%	2.6%
	0.1%	2.4%
	0.3%	2.8%
	0.0%	3.9%
	0.9%	4.5%
	3.2%	11.3%
	24.2%	13.0%
	19.4%	20.1%
	23.2%	13.6%
	17.7%	8.3%
	4.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	24.2%	13.6%
	6.8%	13.2%
	16.6%	14.8%
	24.2%	13.6%
	12.1%	10.0%
	2.7%	4.7%
	1.3%	12.2%

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