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Orion, MI—48359

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$404,000
2.4% YoY Growth
Household Income
$94,600
13.9% YoY Growth
Days on Market
24
168.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$1,500
44.5% YoY Growth
1-Bed Rent
$1,020
N/A
2-Bed Rent
$1,380
20.6% YoY Growth
3-Bed Rent
$1,500
41.3% YoY Growth

Other Zip Codes in Orion, MI

48360
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Orion, MI

As of May '26, the median home price in Orion, MI is $404,000, with a year-over-year change of 2.4%. This indicates that home prices in Orion, MI are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$404,0002.4%
Single Family $391,0001.6%
Condos $467,0004.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$248,0005.5%
    3 Bed
    		$323,0000.6%
    4 Bed
    		$552,0004.0%
    5 Bed $631,0944.4%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    9.6%
    2 Bedrooms
    17.3%
    3 Bedrooms
    40.8%
    4 Bedrooms
    27.9%
    5+ Bedrooms
    4.0%

    Rental Trends — Orion, MI

    As of July '25, Rentcast reports the average rent in Orion, MI is $1,830, with a year-over-year rent change of -44.5%. Per bedroom, the median rent as of July '25 in Orion, MI is 1-bedrooms: $1,020, 2-bedrooms: $1,580, 3-bedrooms: $1,890, 4-bedrooms: $3,350. The most common rental property sizes in Orion, MI are 2-bedroom and 1-bedroom, accounting for 37.4% and 29.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,830
    Studio Rent N/AN/A
    1 Bed Rent $1,020$1,020
    2 Bed Rent $1,380$1,580
    3 Bed Rent $1,500$1,890
    4 Bed Rent $3,200$3,350
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    % of Rental Stock

    Studio
    1.4%
    1 Bedroom
    29.3%
    2 Bedrooms
    37.4%
    3 Bedrooms
    29.3%
    4 Bedrooms
    2.2%
    5+ Bedrooms
    0.5%

    Property Listings — Orion, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Orion, MI is 24. This is a increase of 168.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$570,0006.0%
    Listing Count
    		32-11.0%
    Listings as % of Homes0.3%-11.0%
    Days on Market
    		24168.0%
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    Demographics — Orion, MI

    As of the latest ACS Survey released in 2023, Orion, MI has a population of 10,400, which has increased by 8.5% over the past 5 years. Orion, MI is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 51.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,4008.5%
    % Under 18
    		23.2%-8.3%
    % Seniors
    		13.3%35.7%
    % WFH
    		20.1%491.2%
    % w/ College Degree
    		51.8%13.6%
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    As of the latest ACS Survey released in 2023, Orion, MI is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Orion, MI is hispanic, making up 8.1% of the population. Foreign-born residents account for 9.3% of the population in Orion, MI, and this percentage has decreased by 13.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		79.4%-0.9%
    % Black
    		2.2%-61.4%
    % Hispanic
    		8.1%50.0%
    % Asian
    		6.8%28.3%
    % Foreign Born
    		9.3%-13.1%
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    Mortgage and Risk — Orion, MI

    According to HUD data as of 2023, there were 238 mortgage originations in Orion, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Orion, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		238
    % Conventional Loans
    		93.0%
    % Government Loans
    		7.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Orion, MI

    As of 2024, the percent of homes in Orion, MI under the Section 8 program is 0.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Orion, MI, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		4
    Total Units Section 8
    		4
    % Rentals under Section 8
    		0.6%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$160$1,020$1,180
    2 Bedroom$110$1,380$1,490
    3 Bedroom$330$1,500$1,830
    4 Bedroom-$1,220$3,200$1,980

    Affordability — Orion, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$404,000
    Median Household Income$94,600

    Orion, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Orion, MI

    48360

    Pontiac, MI

    48340

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    48326

    Lake Orion, MI

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    Pontiac, MI

    48342

    Frequently Asked Questions