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 Size

Housing Units by Size
Studio Type4.30%
One Bedroom21%
Two Bedrooms20.10%
Three Bedrooms39.50%
Four Bedrooms12.50%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1944
Median Value of occupied units$164,600
Median Price asked for vacant units$153,400

Rented Homes, Apartments and Condos

Average Household Size1.45
Median year structure was built1960
Median Monthly Rent asked for vacant units$454

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.40%
Home Equity Loan11.20%
Simple Mortgage70.10%
Debt Free11.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%