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These days, finding an affordable place to live in the Lake Orion area can be challenging. Home prices in Lake Orion are now at a median cost of $391,042, higher than the Michigan average of $250,415.
The average cost of rent is $1,518/mo in Lake Orion, primarily driven by the current value of real estate in the Lake Orion area. In Lake Orion, 17.80% of households rent, and 30.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Orion is $10,241 per month. Households that rent pay about 14.82% of their income on rent here. Lake Orion’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oxford, MI: less expensive homes
- Oakland, MI: higher priced homes
- Lake Angelus, MI: less expensive homes
- Auburn Hills, MI: less expensive homes
- Clarkston, MI: equally priced homes
- Lakeville, MI: higher priced homes
- Rochester, MI: higher priced homes
- Pontiac, MI: less expensive homes
- Village of Clarkston, MI: higher priced homes
- Rochester Hills, MI: equally priced homes
Cities with Similar Populations
- Adrian, MI: less expensive homes
- Woodridge, IL: equally priced homes
- Willis, TX: less expensive homes
- Williamstown, NJ: less expensive homes
- Wildomar, CA: higher priced homes
- Westchester, FL: higher priced homes
- West Monroe, LA: less expensive homes
- West Babylon, NY: higher priced homes
- Wappingers Falls, NY: equally priced homes
- Southampton, PA: higher priced homes
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