Mortgage Lender in Orchard Lake Village, MI
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This corner of Oakland County is unusual: it straddles West Bloomfield Township and the tiny incorporated City of Orchard Lake Village, where roughly 40% of the land is water. Daily life here orbits Orchard Lake, Oakland County’s third-largest lake, along with Cass Lake and Upper Straits Lake, the country clubs, and the historic Orchard Lake Schools / St. Mary’s Preparatory campus. It’s a prestige bedroom community, not an industrial one: households here lean toward healthcare, education, and executive professionals, with Henry Ford West Bloomfield Hospital and the West Bloomfield School District among the largest local employers. The City of Orchard Lake Village counted about 2,238 residents in 2020 (World Population Review), while the surrounding township pushes past 64,000. Median household income in the city tops $212,000 (Data USA).
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The median listing/sale price across ZIP 48323 sits near $530,000 as of mid-2026 (RealtyTrac), while the broader West Bloomfield typical home value is closer to $419,000 (Zillow). The City of Orchard Lake Village itself skews dramatically higher, Redfin has reported a median near $1.6M on a thin sample of lakefront and estate sales. Prices are roughly flat to down about 2% year over year on the broader market, and ZIP-level monthly swings are volatile on low inventory. Homes sold in a median of about 30 days in June 2026, roughly 9% faster than a year earlier (Redfin). Lake access, school quality, and limited estate inventory drive demand.
The trailing-12-month median sale price sits around $1,213,000 as of mid-2026, up roughly 6% year over year on an annual basis. Because the village is so small, with very few sales each year, monthly medians swing dramatically, anywhere from about $1.1M to over $1.6M, so annual trends matter far more than any single month. Homes spend roughly 64 median days on market, essentially flat year over year. Demand is driven by scarcity: only about 60% of the village is buildable land, there is almost no new construction, and direct frontage on Orchard Lake commands a steep premium over inland homes.
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Orchard Lake Village Real Estate & Mortgage Overview
To comfortably carry the ~$530,000 ZIP median with 20% down (~$106K), plan on roughly $150,000-$175,000 in household income; the full payment lands near $4,000/month at current rates. Property taxes are a relative bright spot, the effective rate runs about 0.8% of market value, with a reported median bill near $3,569 (Ownwell), but West Bloomfield Township contains seven school districts, so the school portion varies by parcel, and Michigan’s taxable-value cap can raise the bill after a purchase. First-time buyers may tap MSHDA down-payment assistance, but income limits exclude many local households. Most lakefront and estate purchases here clear the conforming loan limit, so jumbo financing is common in Orchard Lake Village proper.
What it's Like to Live in Orchard Lake Village
- Upper Straits Beach Subdivision ($700K-$2M+): estate homes on quiet cul-de-sacs with lake access; multi-million-dollar properties are common.
- Walnut Lake Hills ($500K-$1.5M): a sought-after community with a private Walnut Lake beach, pavilion, and dock.
- Kimberley North ($350K-$600K): a 257-home subdivision built in the early 1960s, north of W. 14 Mile Rd and east of Orchard Lake Rd.
- Spring Meadows ($400K-$700K): a popular West Bloomfield family subdivision.
- Franklin Valley ($400K-$800K): an established sub-neighborhood within West Bloomfield.
About 99% of Orchard Lake Village and most of ZIP 48323 falls within the highly rated West Bloomfield School District, with a small western portion in Walled Lake Consolidated Schools. Downtown Detroit is about 27 miles away, a 35-40 minute drive via the M-10 (Lodge) Freeway, or roughly 58 minutes by SMART bus.
- Orchard Lake / Apple Island lakefront (~$1.5M-$5M+): Direct frontage on Orchard Lake, the village’s premier luxury waterfront.
- Upper Straits Beach Subdivision (~$500K-$1.2M): Deeded access to Upper Straits Lake with a private sandy beach and boat launch.
- Walnut Lake Hills (~$600K-$1.5M): Private Walnut Lake beach, pavilion, and dock access.
- Long Lake Estates (~$700K-$2M): One of the most desirable established West Bloomfield subdivisions near the village.
- Pine Lake / Country Club area (~$700K-$3M): Homes near Pine Lake Country Club with lake and golf frontage.
Most of ZIP 48324 is served by the West Bloomfield School District, with some portions falling within Walled Lake Consolidated Schools. Downtown Detroit is about 26-27 miles away, roughly a 35-45 minute off-peak drive via M-5/Telegraph or I-696 to the Lodge Freeway (M-10); SMART regional buses also serve the area.
Orchard Lake Village covers residential ZIP codes 48323 and 48324.
The Process
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- Explore Your Loan Options - We take the time to explain the different mortgage programs you qualify for, including fees, taxes, and insurance.
- Customize Your Rate - We work with top lenders to ensure you get a mortgage rate that fits your financial goals.
- Fast & Easy Pre-Approval - Get pre-approved in minutes and gain the confidence to shop for your dream home!
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- Expert Representation - Agent compensation is agreed in writing before you start touring, so you know that cost up front and can build it into your offer.
- Seamless Home Research - We’ll connect you with a trusted agent to make your homebuying journey as smooth as possible.
- The Fun Begins - Shopping for your new home is an exciting experience-picture your future, explore possibilities, and find the perfect fit for your family.
Make an Offer & Close on Your Mortgage - Fast!
- Strategic Offer Support -We collaborate with your agent to ensure your offer is as strong as possible.
- Fast & Efficient Closing - Once your offer is accepted, we work to close your mortgage in less than two weeks.
- Move Into Your Dream Home - Before you know it, the keys are in your hand and you’re settling in!
Orchard Lake Village Mortgage FAQ's
What is the median home price in the 48323 ZIP code?
The median listing/sale price in ZIP 48323 is around $530,000 as of mid-2026, while the broader West Bloomfield typical home value is closer to $419,000 (Zillow). Homes in the City of Orchard Lake Village itself, especially lakefront and estate properties, frequently sell well above $1 million.
How much income do I need to buy a home in West Bloomfield / Orchard Lake Village 48323?
To comfortably afford the ~$530,000 ZIP median with 20% down, plan on roughly $150,000-$175,000 in household income. The monthly payment (principal, interest, taxes, and insurance) runs around $4,000 at current rates. Buyers putting less down or targeting lakefront homes will need more.
What are property taxes like in 48323?
The effective property tax rate in ZIP 48323 is about 0.8% of market value, with a reported median annual bill near $3,569. Because West Bloomfield Township contains seven different school districts, the school portion of your bill can vary by parcel, and Michigan’s taxable-value cap means a recent purchase can raise the bill versus a long-held home.
Which school district serves Orchard Lake Village and 48323?
About 99% of Orchard Lake Village and most of ZIP 48323 is served by the highly rated West Bloomfield School District, with a small western portion in Walled Lake Consolidated Schools. The area is also home to St. Mary’s Preparatory, a historic private Catholic school.
How long do homes stay on the market here?
Homes in the area sold in a median of about 30 days as of June 2026, roughly 9% faster than the prior year. Well-priced, move-in-ready and lakefront homes tend to go faster, while higher-end estate listings can sit longer.
What's the commute to downtown Detroit from 48323?
Downtown Detroit is about 27 miles away, a 35-40 minute drive via the M-10 (Lodge) Freeway in normal traffic, or roughly 58 minutes by SMART bus. The location balances quiet, lake-oriented suburban living with reasonable access to Detroit, Pontiac, and Troy/Auburn Hills employment.
Is Orchard Lake Village a good investment market?
It’s a high-end, supply-constrained lake community, about 40% of the city is water and there’s little new construction, which supports long-term values, and the trailing year showed roughly +6% appreciation. The trade-offs are limited inventory, high entry prices, and volatile month-to-month data, so it suits buyers focused on a primary lakefront residence more than quick-flip investors.
Our Service Areas
Michigan Counties We Serve: Genesee, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, Saint Clair, Washtenaw, Wayne
If you’re in or around any of the locations listed above, Align Lending  has you covered! Contact us to make a service appointment now!
