Housing in Lake Orion, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$262,500
Median List Price
$229,000
Price Per Sq Ft
$144
Days on Market
23
Active Inventory
11
Months of Supply
2.8
Seller's market
Zillow Home Value
$393,997
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
25.0%
Off Market in 2 Weeks
16.7%
Sale-to-List Ratio
103.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
4
New Listings
3
Pending Sales
6
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$144
Median List $/SF
$176
Lake Orion vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lake Orion is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$346,700
Median Rent
$757
Total Housing Units
1,437
Vacancy Rate
15.8%
Owner Occupied
73.5%
Renter Occupied
26.4%
Median Property Tax
$5,473
per year
Monthly Cost (w/ Mortgage)
$1,995
Housing Types
The current median sale price in Lake Orion, MI is $262,500 according to Redfin data. Homes spend a median of 23 days on the market. 25.0% of homes sold above asking price. The market has 2.8 months of supply. The median price per square foot is $144. The median rent is $757 per month (Census ACS). About 73.5% of housing units are owner-occupied. The median year homes were built is 1954. There are 1,437 total housing units.