Lake Orion, MI 48362 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lake Orion, MI—48362

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$369,000

4.6% YoY Growth

Household Income

$109,000

23.1% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,900

9.8% YoY Growth

1-Bed Rent

$1,100

20.0% YoY Growth

2-Bed Rent

$2,000

25.4% YoY Growth

3-Bed Rent

$1,900

9.6% YoY Growth

Home Price Trends — Lake Orion, MI

As of Nov '25, the median home price in Lake Orion, MI is $369,000, with a year-over-year change of 4.6%. This indicates that home prices in Lake Orion, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$369,000	4.6%
Single Family	$367,000	4.6%
Condos	$411,000	7.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lake Orion, MI

As of July '25, Rentcast reports the average rent in Lake Orion, MI is $2,400, with a year-over-year rent change of -9.8%. Per bedroom, the median rent as of July '25 in Lake Orion, MI is 1-bedrooms: $1,280, 2-bedrooms: $2,470, 3-bedrooms: $2,960, 4-bedrooms: $2,500. The most common rental property sizes in Lake Orion, MI are 1-bedroom and 2-bedroom, accounting for 36.1% and 27.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$2,400
Studio Rent	N/A	N/A
1 Bed Rent	$1,100	$1,280
2 Bed Rent	$2,000	$2,470
3 Bed Rent	$1,900	$2,960
4 Bed Rent	$2,500	$2,500

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% of Rental Stock

Studio

15.1%

1 Bedroom

36.1%

2 Bedrooms

27.8%

3 Bedrooms

17.9%

4 Bedrooms

3.1%

Property Listings — Lake Orion, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Lake Orion, MI is 43. This is a increase of 31.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$460,000	9.0%
Listing Count	55	36.0%
Listings as % of Homes	0.6%	36.0%
Days on Market	43	31.0%

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Demographics — Lake Orion, MI

As of the latest ACS Survey released in 2023, Lake Orion, MI has a population of 14,700, which has decreased by -8.2% over the past 5 years. Lake Orion, MI is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 43.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,700	-8.2%
% Under 18	18.0%	-22.4%
% Seniors	18.5%	34.1%
% WFH	15.8%	229.2%
% w/ College Degree	43.7%	10.1%

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As of the latest ACS Survey released in 2023, Lake Orion, MI is a predominantly white area, with 88.1% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Lake Orion, MI is hispanic, making up 4.0% of the population. Foreign-born residents account for 6.1% of the population in Lake Orion, MI, and this percentage has increased by 19.6% 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	88.1%	0.2%
% Black	2.4%	14.3%
% Hispanic	4.0%	-37.5%
% Asian	1.6%	-23.8%
% Foreign Born	6.1%	19.6%

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Mortgage and Risk — Lake Orion, MI

According to HUD data as of 2023, there were 350 mortgage originations in Lake Orion, MI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Orion, MI. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	350
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Lake Orion, MI

As of 2024, the percent of homes in Lake Orion, MI under the Section 8 program is 9.0%. 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. In Lake Orion, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	80
Total Units Section 8	77
% Rentals under Section 8	9.0%
% Occupied Section 8	92.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$1,100	$1,060
2 Bedroom	-$660	$2,000	$1,340
3 Bedroom	-$260	$1,900	$1,640
4 Bedroom	-$720	$2,500	$1,780

Lake Orion, MI—48362

Key Metrics at a Glance

Home Price Trends — Lake Orion, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Orion, MI

% of Rental Stock

Property Listings — Lake Orion, MI

Demographics — Lake Orion, MI

Race and Ethnicity

Mortgage and Risk — Lake Orion, MI

Mortgages

Rentals and Section 8 — Lake Orion, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Orion, MI

Home Price to Income Ratio

Lake Orion, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Orion, MI

Orion, MI

Oxford, MI

Leonard, MI

Auburn Hills, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$369,000
Median Household Income	$109,000

Lake Orion, MI—48362

Key Metrics at a Glance

Home Price Trends — Lake Orion, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Orion, MI

% of Rental Stock

Property Listings — Lake Orion, MI

Demographics — Lake Orion, MI

Race and Ethnicity

Mortgage and Risk — Lake Orion, MI

Mortgages

Rentals and Section 8 — Lake Orion, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Orion, MI

Home Price to Income Ratio

Lake Orion, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Orion, MI

Orion, MI

Oxford, MI

Leonard, MI

Auburn Hills, MI

Frequently Asked Questions

What is the average home price in Lake Orion, MI 48362?

How have home prices in Lake Orion, MI 48362 changed over the past year?

What is the home price projection for Lake Orion, MI 48362?

What are the demographics of Lake Orion, MI 48362?

How long does it take homes to sell in Lake Orion, MI 48362?

What is the average rent price in Lake Orion, MI 48362?