Lake Orion, MI Real Estate
According to census data in the year 2000 there were 1,319 housing units in Lake Orion.
This represents a 2.7% decline from 1,355 in 1990.
Of those housing units, 1,319 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lake Orion is about 57.4%.
Lake Orion's vacancy rate, including seasonal lodging, is about 9.6%.
Average household size is 2.19 people.
The majority of houses, apartments or condos in Lake Orion were built after 1952.
|Housing Units by Size|
|Five Bedrooms or more||2.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.74|
|Median year structure was built||1944|
|Median Value of occupied units||$164,600|
|Median Price asked for vacant units||$153,400|
Rented Homes, Apartments and Condos
|Average Household Size||1.45|
|Median year structure was built||1960|
|Median Monthly Rent asked for vacant units||$454|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||11.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.7%|