The story of this market
The typical home in ZIP 48359 sells for about $389,900, or $168 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,454 a month.
ZIP 48359 — Lake Orion
The housing market in 48359 remains stable with moderate price appreciation and low inventory levels. Demand is driven by families attracted to the area's school quality and suburban character, though higher interest rates have tempered the pace of sales compared to previous years.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to outdoor recreation and good schools, while remaining within commuting distance of major employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 2.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.7% · poverty 5.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48359, Oakland County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Lake Orion area are generally reported as lower than the national average, with the community maintaining a suburban safety profile consistent with Oakland County trends.
The area is served by Lake Orion Community Schools, which are generally well-regarded and maintain high performance ratings within the state of Michigan.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near lakes.
Economic momentum is driven by proximity to the automotive and manufacturing corridors of Oakland County, with steady residential development and infrastructure maintenance.
Property taxes are levied based on the taxable value determined by the local assessor, subject to Michigan's Proposal A limitations; special assessments may apply for local utility or infrastructure districts.
Residents primarily commute by car toward employment hubs in Auburn Hills, Troy, and the broader Metro Detroit area via M-24 and I-75.
The area features extensive access to local lakes, public parks, and golf courses, with convenient shopping and dining options located along the M-24 corridor.
The rental market is characterized by low vacancy rates and steady demand, with a mix of single-family home rentals and small apartment complexes.
The local economy is anchored by the automotive industry, manufacturing, and professional services, with significant employment bases in nearby Auburn Hills and Pontiac.
Transportation is heavily reliant on private vehicles, with M-24 serving as the primary north-south corridor connecting to I-75.
Development is focused on infill residential projects and commercial revitalization along the M-24 corridor.
The Oakland County Equalization Division oversees assessment standards to ensure uniformity across local jurisdictions.
Parcels are subject to Lake Orion Community Schools taxes and various county-wide millages for parks and public safety.
Property insurance premiums are stable but reflect regional risks associated with severe weather and winter storm damage.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's Utica4.114.8 mi
- Round1 Bowling & Arcade - Auburn Hills4.11.7 mi
- Urban Air Trampoline and Adventure Park4.215.2 mi
- Red Oaks Waterpark4.416.6 mi
- Activate Games515.2 mi
- Pine Knob Music Theatre4.65.1 mi
- Topgolf4.21.5 mi
- Vibe Credit Union Showplace4.319.7 mi
- Michigan Renaissance Festival4.417 mi
- SEA LIFE Michigan Aquarium4.31.5 mi
- SEA LIFE Michigan Aquarium4.31.5 mi
- Stony Creek Metropark4.710.5 mi
- AMC Forum 303.912.9 mi
- Emagine Rochester Hills4.69.3 mi
- Round1 Bowling & Arcade - Auburn Hills4.11.7 mi
- Cranbrook House & Gardens4.810.6 mi
- Cranbrook Institute of Science4.710.3 mi
- Sri Venkateswara Temple & Cultural Center4.819.9 mi
- Meadow Brook Hall4.85.1 mi
- River Bends Park4.712.3 mi
- Stony Creek Metropark4.710.5 mi
- Innovation Hills4.76.7 mi
- Cranbrook House & Gardens4.810.6 mi
- Borden Park4.69.9 mi
- Addison Oaks County Park and Campground4.68.1 mi
- Topgolf4.21.5 mi
- Shepherd's Hollow Golf Club4.39.5 mi
- Pine Knob Golf Club4.45 mi
- Paint Creek Country Club4.45.2 mi
- Fieldstone Golf Club3.92.5 mi
- Great Lakes Crossing Outlets4.51.6 mi
- Somerset Collection4.612.1 mi
- Macy's4.211.9 mi
- Canterbury Village4.31.8 mi
- Meijer4.16.6 mi
- Bishop International Airport4.529.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central recreational hub for boating and fishing.
Large state park offering hiking, biking, and winter sports.
Features extensive trails and a popular dog park.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.