Orchard Lake Village, MI Real Estate
According to census data in the year 2000 there were 805 housing units in Orchard Lake Village.
This represents a 5.9% growth from 760 in 1990.
Of those housing units, 805 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Orchard Lake Village is about 97.5%.
Orchard Lake Village's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.95 people.
The majority of houses, apartments or condos in Orchard Lake Village were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0.90% |
| Two Bedrooms | 7.10% |
| Three Bedrooms | 29.20% |
| Four Bedrooms | 45% |
| Five Bedrooms or more | 17.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.98 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $571,700 |
| Median Price asked for vacant units | $781,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.42 |
| Median year structure was built | 1981 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 58.40% |
| Debt Free | 25.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
