Zip 48362 (Lake Orion, MI) Housing

Housing in Lake Orion, MI (48362) is on par with the rest of the country. The median value of homes in this area is $315,800 which is slightly lower than the US house median value of $338,100. Similarly to other places in the US, housing values have appreciated over the past year with an 8.00% increase. This is only slightly lower than the national average appreciation rate of 8.27%. Overall, housing in Lake Orion has been consistent and stable when compared to the rest of the nation.

The median home cost in Lake Orion (zip 48362) is $315,800. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Lake Orion (zip 48362) is up 11.2%.

Average Age of Homes

- The median age of Lake Orion (zip 48362) real estate is 42 years old

The Rental Market in Lake Orion (zip 48362)

- Renters make up 20.3% of the Lake Orion (zip 48362) population
- 1.4% of houses and apartments in Lake Orion (zip 48362), 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
	6,220.0	139,647,020.0
	47	42
	$315,800	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$12.11	$10.98
	$3,335	$2,690
	79.6%	57.4%
	6.3%	11.2%
	14.2%	31.4%
Vacant Housing
	1.4%	1.9%
	0.1%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	2.9%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.0%	2.4%
	0.2%	2.8%
	0.8%	3.9%
	1.2%	4.5%
	9.2%	11.3%
	16.2%	13.0%
	27.6%	20.1%
	20.9%	13.6%
	9.2%	8.3%
	11.5%	9.7%
	2.3%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.3%	13.6%
	8.3%	13.6%
	20.5%	13.6%
	10.4%	13.2%
	15.1%	14.8%
	20.5%	13.6%
	14.2%	10.0%
	11.0%	4.7%
	12.8%	12.2%

Reviews for Lake Orion

See all (0)

Write a Review

Start Your Review of Lake Orion

Commute