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Fixer Upper Homes in Lake Orion, MI

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Living in Lake Orion, MI

Lake Orion, Michigan, is a charming village that offers a unique combination of natural beauty and community spirit. Nestled around the scenic Lake Orion, the area is perfect for outdoor enthusiasts, with plenty of parks and recreational activities available. Families will appreciate the excellent school district that serves the area, making it a desirable location for all ages.

Current Market Conditions in Lake Orion, MI

Lake Orion's real estate market has shown resilience, with steady demand for homes in the area. The combination of water access, good schools, and a safe community continues to drive interest among buyers, resulting in a competitive housing market particularly attractive to families and retirees alike.

Inventory levels have been somewhat constrained in Lake Orion, leading to an increase in home prices over the last year. As fewer houses are available, buyers may find bidding wars to be a common occurrence, especially in desirable neighborhoods close to the lake and parks.

Home Value Estimator For Lake Orion, MI

There are currently 12,551 real estate properties in Lake Orion, MI, with a median automated valuation model (AVM) price of $405,851.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Orion, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Orion, MI, is $448,944.00, with the most expensive house in Lake Orion, MI, topping out at $5,439,959.00 and the cheapest home in Lake Orion, MI, clocking in at $29,689.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Orion, MI!

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 $1,734.00. 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.

Lake Orion, MI Fixer Upper Homes


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