Orion, MI 48359 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Orion, MI—48359

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$383,000

2.8% YoY Growth

Household Income

$94,600

13.9% YoY Growth

Days on Market

32.0% Longer YoY

Home Price Forecast

1.6%

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 — Orion, MI

As of Nov '25, the median home price in Orion, MI is $383,000, with a year-over-year change of 2.8%. This indicates that home prices in Orion, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$383,000	2.8%
Single Family	$369,000	1.7%
Condos	$456,000	5.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,830
Studio Rent	N/A	N/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 Nov '25, Realtor.com reports that the median days on market for a home in Orion, MI is 38. This is a increase of 32.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$506,000	-1.0%
Listing Count	38	0.0%
Listings as % of Homes	0.3%	0.0%
Days on Market	38	32.0%

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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.

Metric	Latest Census	YoY % Change
Population	10,400	8.5%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Orion, MI—48359

Key Metrics at a Glance

Other Zip Codes in Orion, MI

Home Price Trends — Orion, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Orion, MI

% of Rental Stock

Property Listings — Orion, MI

Demographics — Orion, MI

Race and Ethnicity

Mortgage and Risk — Orion, MI

Mortgages

Rentals and Section 8 — Orion, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Orion, MI

Home Price to Income Ratio

Orion, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Orion, MI

Pontiac, MI

Auburn Hills, MI

Lake Orion, MI

Pontiac, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$383,000
Median Household Income	$94,600

Orion, MI—48359

Key Metrics at a Glance

Other Zip Codes in Orion, MI

Home Price Trends — Orion, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Orion, MI

% of Rental Stock

Property Listings — Orion, MI

Demographics — Orion, MI

Race and Ethnicity

Mortgage and Risk — Orion, MI

Mortgages

Rentals and Section 8 — Orion, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Orion, MI

Home Price to Income Ratio

Orion, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Orion, MI

Pontiac, MI

Auburn Hills, MI

Lake Orion, MI

Pontiac, MI

Frequently Asked Questions

What is the average home price in Orion, MI 48359?

How have home prices in Orion, MI 48359 changed over the past year?

What is the home price projection for Orion, MI 48359?

What are the demographics of Orion, MI 48359?

How long does it take homes to sell in Orion, MI 48359?

What is the average rent price in Orion, MI 48359?