Orion, MI—48360
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Orion, MI
Home Price Trends — Orion, MI
As of Oct '25, the median home price in Orion, MI is $411,000, with a year-over-year change of 4.1%. This indicates that home prices in Orion, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $411,000 | 4.1% |
| Single Family | $439,000 | 3.8% |
| Condos | $310,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $198,000 | -0.5% |
3 Bed | $376,000 | 3.9% |
4 Bed | $504,000 | 4.1% |
| 5 Bed | $612,000 | 3.9% |
% of Housing Stock
Rental Trends — Orion, MI
As of July '25, Rentcast reports the average rent in Orion, MI is $2,820, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Orion, MI is 2-bedrooms: $1,510, 3-bedrooms: $2,800, 4-bedrooms: $3,920. The most common rental property sizes in Orion, MI are 2-bedroom and 1-bedroom, accounting for 65.1% and 18.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,480 | $1,510 |
| 3 Bed Rent | $2,850 | $2,800 |
| 4 Bed Rent | $4,000 | $3,920 |
% of Rental Stock
Property Listings — Orion, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Orion, MI is 39. This is a increase of 11.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $446,000 | 72.0% |
Listing Count | 50 | 24.0% |
| Listings as % of Homes | 0.2% | 24.0% |
Days on Market | 39 | 11.0% |
Demographics — Orion, MI
As of the latest ACS Survey released in 2023, Orion, MI has a population of 12,200, which has decreased by -1.7% over the past 5 years. Orion, MI is a moderately popular place for families, as children make up 22.8% of the population. The area has a highly educated workforce, with 61.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | -1.7% |
% Under 18 | 22.8% | -10.2% |
% Seniors | 14.8% | 23.3% |
% WFH | 17.9% | 208.6% |
% w/ College Degree | 61.8% | 13.2% |
As of the latest ACS Survey released in 2023, Orion, MI is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Orion, MI is hispanic, making up 7.8% of the population. Foreign-born residents account for 11.4% of the population in Orion, MI, and this percentage has increased by 39.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.9% | -10.6% |
% Black | 1.7% | -32.0% |
% Hispanic | 7.8% | 77.3% |
% Asian | 7.6% | 105.4% |
% Foreign Born | 11.4% | 39.0% |
Mortgage and Risk — Orion, MI
According to HUD data as of 2023, there were 212 mortgage originations in Orion, MI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Orion, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 212 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Orion, MI
Orion, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | $80 | $1,480 | $1,560 |
| 3 Bedroom | -$940 | $2,850 | $1,910 |
| 4 Bedroom | -$1,930 | $4,000 | $2,070 |
Affordability — Orion, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $411,000 |
| Median Household Income | $136,000 |