Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Orchard Lake Village area can be challenging. Home prices in Orchard Lake Village are now at a median cost of $974,492, higher than the Michigan average of $196,062.
The average cost of rent is $1,434/mo in Orchard Lake Village, primarily driven by the current value of real estate in the Orchard Lake Village area. While nearly 42.62% of residents own their homes outright in Orchard Lake Village, 2.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Orchard Lake Village is $15,882 per month. Households that rent pay about 9.03% of their income on rent here. Orchard Lake Village's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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