Orchard Lake, MI—48323
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Orchard Lake, MI
As of Oct '25, the median home price in Orchard Lake, MI is $506,000, with a year-over-year change of 4.3%. This indicates that home prices in Orchard Lake, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $506,000 | 4.3% |
| Single Family | $534,000 | 3.9% |
| Condos | $408,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $321,000 | 3.9% |
3 Bed | $416,000 | 2.5% |
4 Bed | $566,000 | 4.4% |
| 5 Bed | $780,000 | 2.9% |
% of Housing Stock
Rental Trends — Orchard Lake, MI
As of July '25, Rentcast reports the average rent in Orchard Lake, MI is $3,620, with a year-over-year rent change of 11.4%. Per bedroom, the median rent as of July '25 in Orchard Lake, MI is 2-bedrooms: $3,070, 3-bedrooms: $3,130, 4-bedrooms: $4,500. The most common rental property sizes in Orchard Lake, MI are 2-bedroom and 3-bedroom, accounting for 44.6% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,500 | $3,070 |
| 3 Bed Rent | $2,900 | $3,130 |
| 4 Bed Rent | $3,800 | $4,500 |
% of Rental Stock
Property Listings — Orchard Lake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Orchard Lake, MI is 25. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $531,000 | -8.0% |
Listing Count | 74 | 7.0% |
| Listings as % of Homes | 0.6% | 7.0% |
Days on Market | 25 | -29.0% |
Demographics — Orchard Lake, MI
As of the latest ACS Survey released in 2023, Orchard Lake, MI has a population of 17,000, which has remained stable by -0.4% over the past 5 years. Orchard Lake, MI is a moderately popular place for families, as children make up 23.9% of the population. The area has a highly educated workforce, with 61.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | -0.4% |
% Under 18 | 23.9% | 7.2% |
% Seniors | 25.6% | 16.9% |
% WFH | 18.4% | 111.5% |
% w/ College Degree | 61.9% | -5.5% |
As of the latest ACS Survey released in 2023, Orchard Lake, MI is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Orchard Lake, MI is black, making up 10.8% of the population. Foreign-born residents account for 21.1% of the population in Orchard Lake, MI, and this percentage has increased by 15.3% 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 | 76.8% | -4.7% |
% Black | 10.8% | 11.3% |
% Hispanic | 2.5% | 47.1% |
% Asian | 6.5% | 0.0% |
% Foreign Born | 21.1% | 15.3% |
Mortgage and Risk — Orchard Lake, MI
According to HUD data as of 2023, there were 383 mortgage originations in Orchard Lake, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Orchard Lake, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 383 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Orchard Lake, MI
Orchard Lake, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,440 |
| 2 Bedroom | -$1,680 | $3,500 | $1,820 |
| 3 Bedroom | -$660 | $2,900 | $2,240 |
| 4 Bedroom | -$1,380 | $3,800 | $2,420 |
Affordability — Orchard Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $506,000 |
| Median Household Income | $139,000 |