The story of this market
The typical home in ZIP 48362 sells for about $385,000, or $195 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,145 a month.
ZIP 48362 — Lake Orion
The housing market in 48362 remains stable with steady price appreciation and low inventory levels. Demand is driven by the area's high-quality school district and suburban appeal, though higher interest rates have moderated the pace of sales compared to previous years.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools, lake access, and a manageable commute to major employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 32 days on market with 2.4 months of supply — a fast-moving market.
18% 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 1.6% · poverty 6.1% — 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 6.7%/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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48362, 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.
Lake Orion generally reports lower crime rates compared to the broader Oakland County and Michigan state averages, with property crime being the primary concern in residential areas.
The area is served by the Lake Orion Community Schools district, which is highly regarded for its academic performance and extracurricular programs.
The region faces moderate risks related to severe thunderstorms and winter weather, with standard flood insurance requirements for properties located near local lakes.
Economic momentum is driven by proximity to the automotive and technology corridors of Oakland County, with steady residential development and infrastructure improvements.
Property taxes are levied by Oakland County, Orion Township, and the local school district, with rates determined by the state-equalized value and local millage proposals.
Residents primarily commute by car toward employment hubs in Auburn Hills, Troy, and Detroit via M-24 and I-75.
The area features extensive access to Lake Orion, numerous public parks, and proximity to the Paint Creek Trail for outdoor activities.
The rental market is characterized by low vacancy rates and steady demand, with a mix of single-family home rentals and apartment communities.
The local economy is anchored by the automotive industry, manufacturing, and professional services, benefiting from the broader Oakland County economic base.
Transportation is heavily reliant on personal vehicles, with M-24 serving as the primary north-south artery connecting to I-75.
Development is focused on infill residential projects and the enhancement of the downtown commercial district.
Parcels are subject to standard township and county millages, with specific assessments for local school district operations.
Property insurance premiums are stable, though coverage for water-related damage is a consideration for lakefront properties.
Data retrieved from US Census Bureau 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 Utica4.116.5 mi
- Round1 Bowling & Arcade - Auburn Hills4.15.5 mi
- Urban Air Trampoline and Adventure Park4.216.9 mi
- Activate Games516.8 mi
- The HUB Stadium & Restaurant, Auburn Hills4.48.3 mi
- Pine Knob Music Theatre4.65.8 mi
- Topgolf4.25.5 mi
- Michigan Renaissance Festival4.415.8 mi
- SEA LIFE Michigan Aquarium4.35.4 mi
- Dave & Buster's Utica4.116.5 mi
- SEA LIFE Michigan Aquarium4.35.4 mi
- Stony Creek Metropark4.711 mi
- Emagine Rochester Hills4.611.8 mi
- Round1 Bowling & Arcade - Auburn Hills4.15.5 mi
- LEGOLAND® Discovery Center Michigan4.25.5 mi
- Cranbrook House & Gardens4.814.5 mi
- Cranbrook Institute of Science4.714.2 mi
- Meadow Brook Hall4.88 mi
- River Bends Park4.713.9 mi
- Cranbrook Art Museum4.714.5 mi
- Stony Creek Metropark4.711 mi
- Innovation Hills4.79.8 mi
- Borden Park4.612 mi
- Addison Oaks County Park and Campground4.65.5 mi
- Rochester Municipal Park4.89.3 mi
- Topgolf4.25.5 mi
- Shepherd's Hollow Golf Club4.310.6 mi
- Pine Knob Golf Club4.45.9 mi
- Paint Creek Country Club4.41.8 mi
- Fieldstone Golf Club3.96.2 mi
- Great Lakes Crossing Outlets4.55.5 mi
- Canterbury Village4.32.4 mi
- Meijer4.110.1 mi
- Meijer45.1 mi
- Meijer4.112.2 mi
- Bishop International Airport4.527.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large recreational lake offering boating, fishing, and swimming.
A popular multi-use trail for hiking and cycling.
Features extensive trails, a dog park, and lake access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.