Home Price Key
Affordable
Average
Expensive
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 $306,460, higher than the Michigan average of $196,062.
The average cost of rent is $1,446/mo in Lake Orion, primarily driven by the current value of real estate in the Lake Orion area. While nearly 26.25% of residents own their homes outright in Lake Orion, 17.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Orion is $8,895 per month. Households that rent pay about 16.25% of their income on rent here. Lake Orion's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
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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