Zip 48360 (Lake Orion, MI) Housing

The housing market in 48360 Lake Orion, MI is very healthy. According to the data, the median value of a house in this area is $354,400, which is slightly higher than the US House median value of $338,100. Furthermore, house appreciation over the past year has been 8.00%, which is just a shade lower than the US 1 year house appreciation of 8.27%. This indicates that the housing market in 48360 Lake Orion, MI is performing well and has potential for growth in the near future.

The median home cost in Lake Orion (zip 48360) is $354,400. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Lake Orion (zip 48360) is up 11.2%.

Average Age of Homes

- The median age of Lake Orion (zip 48360) real estate is 27 years old

The Rental Market in Lake Orion (zip 48360)

- Renters make up 16.3% of the Lake Orion (zip 48360) population
- 1.6% of houses and apartments in Lake Orion (zip 48360), 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
	4,892.0	139,647,020.0
	30	42
	$354,400	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$12.12	$10.98
	$3,818	$2,690
	81.6%	57.4%
	4.4%	11.2%
	14.0%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.6%	3.6%
	0.1%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.4%	3.9%
	2.4%	4.5%
	5.8%	11.3%
	8.3%	13.0%
	27.7%	20.1%
	29.1%	13.6%
	13.7%	8.3%
	9.9%	9.7%
	0.9%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	30.4%	13.6%
	12.7%	13.2%
	16.1%	14.8%
	30.4%	13.6%
	3.2%	10.0%
	1.3%	4.7%
	2.1%	12.2%

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