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Lake Orion Community Schools

Learn about the people, housing, costs and businesses in Lake Orion Community Schools, Michigan

Median Home$363,128
Median Rent$1,357/month
Population57,807
Leading IndustriesRetail · Arts, Food & Hospitality · Healthcare19% retail
Home Value Growth⬆⬆+13.1% over 2 years
Young Adults27% of residentsnear the national average
Homeowners84% of occupied units
NotableHigh Incomes$117k/year · top 6% nationally
NotableHighly Educated28% bachelor's · 13% graduate · top 7% nationally
Lake Orion Community Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Lake Orion Community Schools?

As of today, the 30-year fixed mortgage rate for Lake Orion Community Schools is approximately 6.903% (6.939% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Orion Community Schools?

The median home value in Lake Orion Community Schools is $363k. The median monthly rent is $1,357. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Orion Community Schools?

Home values in Lake Orion Community Schools have increased 13.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Orion Community Schools?

Based on a typical all-in ownership cost of $1,591/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Orion Community Schools is $117k/year.

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What industries drive the economy in Lake Orion Community Schools?

The largest employment sectors in Lake Orion Community Schools are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.