The story of this market
The typical home in Lake Orion, Michigan sells for about $400,300, or $221 per square foot.
Prices are down 1.67% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,277 a month.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Lake Orion, Michigan
The Lake Orion housing market remains stable, characterized by high demand for its limited inventory and strong school district appeal. While sales volume has moderated, home values remain resilient, driven by the village's desirable lakeside lifestyle and proximity to major employment hubs.
No ARED county foreclosure postings attributed to Lake Orion yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 3.2% year over year.
Homes spend a median of 37 days on market with 2.6 months of supply — a fast-moving market.
17% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.5% · poverty 9.2% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A 506-acre all-sports lake that serves as the village's primary recreational anchor, offering boating, fishing, and swimming.
A popular multi-use trail that provides residents with extensive walking and cycling opportunities through natural landscapes.
A large regional park featuring hiking trails, dog parks, and lake access, significantly enhancing the area's outdoor appeal.
A historic district featuring local boutiques, restaurants, and community events that drive local foot traffic and property value.
Lake Orion is ideal for family buyers seeking high-quality schools and a small-town atmosphere, as well as commuters who value a lakeside lifestyle within reach of the Detroit metro area. It is less suited for investors looking for high-volume rental turnover, given the limited housing stock and stable, long-term resident base.
The Lake Orion Community Schools district is highly regarded and frequently cited as one of the top-performing school systems in Oakland County. The district maintains a strong reputation for academic achievement and extracurricular programming.
The village is served by M-24, which acts as the primary north-south corridor connecting residents to the wider Detroit metro area. Public transit options are limited, making personal vehicle ownership essential for most residents.
The village offers a robust amenity base centered on the 506-acre all-sports Lake Orion, which provides significant water-based recreation. Residents also have access to the Paint Creek Trail and nearby Orion Oaks County Park, supporting a high quality of life.
The rental market is characterized by limited inventory and high demand, with many renters paying under $1,000 per month for older units. Vacancy pressure remains low due to the village's appeal as a stable, small-town residential destination.
The local economy is primarily service-oriented, supported by a mix of retail, professional services, and the village's role as a residential hub for the broader Oakland County workforce.
Economic momentum is driven by the village's historic downtown revitalization and its role as a desirable bedroom community. Infrastructure improvements along the M-24 corridor continue to support local commercial accessibility and residential demand.
Development is focused on maintaining the village's historic character while supporting moderate residential growth and infrastructure upgrades along the M-24 corridor.
Parcels are subject to standard municipal and county levies, with specific millage rates determined by the Lake Orion Community Schools district and local township assessments.
Lake Orion generally reports low crime rates consistent with its status as a quiet, residential village in northern Oakland County. It is considered safer than the regional average for the Detroit-Warren-Dearborn metro area.
The area faces standard Midwestern climate risks, including seasonal wind and winter weather impacts. Flood risk is primarily localized to properties immediately adjacent to Lake Orion and surrounding wetlands.
Property insurance premiums are generally stable, though proximity to the lake and wooded areas may influence rates for specific properties.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and ACS 2023 tables.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.