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Lake Orion, MI
Full City Profile · Michigan · Oakland County County
3.8
/5.0
B+
Good
2,873
Population
3,637/sq mi density
$98,871
Median Income
$55,110 per capita
$346,700
Home Value
$399,930 Zillow
$757
Median Rent
29.7% income on rent
49°F
Avg Temperature
260 sunny days/yr
189
Violent Crime/100K
850 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$98,871 median income, 0.6% unemployment
A+
Affordability
4.7 / 5.0
$346,700 home value, $757/mo rent
F
Safety
1.0 / 5.0
189 violent crimes/100K
A+
Education
4.7 / 5.0
45.8% bachelor's degree or higher
Housing Overview
Median Home Value
$346,700
23% above
US avg: $281,900
Median Rent
$757/mo
35% below
US avg: $1,163/mo
Homeownership Rate
73.6%
13% above US avg (65.4%)
Total Housing Units
1,444
Median year built: 1956
Home Value by Source
Census Median
$346,700
Zillow (ZHVI)
$399,930
Median Sale Price
$230,000
Median List Price
$340,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.6%
Owner-Occupied
26.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$757/mo
Market Indicators (Redfin)
Median Days on Market
89 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
15.4%
of listings with price reduction
Price Per Sq Ft
$176
Active Inventory
13
homes for sale
Affordability & Housing Stock
Rent Burden
29.7%
of renters spending 30%+ of income on housing
4% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
73.6%
Complete Housing Data
Home Values
| Census Median Value | $346,700 |
| Zillow Home Value (ZHVI) | $399,930 |
| Median Sale Price | $230,000 |
| Median List Price | $340,000 |
| Price Per Sq Ft | $176 |
Rent
| Census Median Rent | $757 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 89 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 15.4% |
| Homes Sold | 5 |
| Active Inventory | 13 |
| Price Per Sq Ft | $176 |
Ownership & Stock
| Owner-Occupied | 73.6% |
| Renter-Occupied | 26.4% |
| Homeownership Rate | 73.6% |
| Total Housing Units | 1,444 |
| Median Year Built | 1956 |
| Rent Burden | 29.7% |