Foreclosure Homes in Lake Orion, MI

Current Market Conditions in Lake Orion, MI

Lake Orion's real estate market has been experiencing steady growth, with a current focus on single-family homes. The demand for properties has increased significantly due to the area's appealing lifestyle and proximity to Detroit. Homes in Lake Orion tend to sell quickly, indicating a competitive market favorable to sellers.

As of the latest trends, the average home price in Lake Orion has risen by approximately 8% compared to last year. This upward shift reflects ongoing interest in the area, driven by several factors, including new developments and the desire for more suburban living in light of remote work opportunities.

Rent Prices In Lake Orion, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Orion, MI, is on a rollercoaster ride. The average rent price in Lake Orion, MI, is $1,733.00. Indeed, when looking to rent in Lake Orion, MI, you can expect to pay as little as $530.00 or as much as $3,220.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Lake Orion, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.