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Wrapped around the all-sports Lake Orion in northern Oakland County, ZIP 48360 blends a historic lakefront village with the sprawling subdivisions of Orion Township. The local economy runs on GM’s Orion Assembly plant, a 4.3-million-square-foot facility now at the center of a multi-billion-dollar 2025 GM reinvestment to build full-size trucks and SUVs starting in 2027. Beyond the plant, this is a higher-income bedroom community: Data USA pegs the median household income near $101,000, roughly 29% above Michigan’s statewide figure. Residents enjoy the Polly Ann Trail, Bald Mountain State Recreation Area, and a downtown waterfront with deep amusement-park history, all an easy I-75 hop from Auburn Hills and Pontiac jobs.

Lake Orion wears two hats at once: a resort-style village built around an all-sports lake, and an auto-industry town anchored by General Motors’ Orion Assembly plant, now mid-way through a multi-billion-dollar EV and full-size truck retooling expected to add roughly 2,000 union jobs. The historic downtown around Broadway and Flint Street stays walkable and busy, while the late-August Dragon on the Lake festival draws crowds for dragon-boat races and the lighted boat parade. Median household income here runs about $101,000, roughly 29% above the Michigan median, reflecting an affluent Oakland County commuter base. Buyers are drawn by lakefront living, the Indianwood golf corridor, and quick access to Auburn Hills, Troy, and Rochester Hills employers just 15-30 minutes away.

Lake Orion wears two identities at once: a small walkable village of roughly 2,850 residents wrapped around an all-sports lake, and the surrounding Orion Township engine room for Oakland County manufacturing. The area’s economic anchor is GM’s Orion Assembly plant, the largest employer with about 3,000 direct jobs, now being retooled with a roughly $4 billion GM investment to build Silverado, Sierra, and Escalade models starting around 2027. Beyond the plant, the historic 19th-century downtown, the Dragon on the Lake festival, Bald Mountain State Recreation Area, and Indianwood Golf & Country Club give 48362 a lake-and-festival character that pulls steady buyer demand. Median household income in the village sits near $101,318, keeping this a solidly move-up market.

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The typical home in 48360 runs about $415,000, Zillow shows an average value near $414,600, up roughly 5.5% year over year, while Realtytrac puts the ZIP’s median sale price near $404,900. Homes move quickly: Redfin reports area-wide days on market around 19, though the smaller historic Village downtown submarket has slowed to roughly 101 days. Demand is driven by lake access, the strength of Lake Orion Community Schools, and the steady payroll anchored by GM Orion Assembly. Interior subdivisions generally trade $350K–$600K, while direct lakefront commands a steep premium, reaching $700K to $4M+.

The typical Lake Orion-area home value sits near $415,000, up about 5.5% year over year per Zillow, though that midpoint masks a wide spread: walkable downtown condos can start near $250K-$300K while lakefront and Indianwood golf homes routinely clear $500K-$900K+. Demand is driven by all-sports Lake Orion, private-lake subdivisions, the historic village core, and steady GM and Oakland County employment. The pace is competitive. In peak season many homes go pending in roughly 18-19 days, often with multiple offers, against only about 1.4 months of inventory. Activity cools in winter, when Redfin clocked median days on market near 44 in December 2025, down 22% year over year.

Home values in 48362 vary sharply by source: Zillow’s ZIP-level median sits near $275,400, while the broader Lake Orion average home value runs about $414,605 at roughly +5.5% year over year. A realistic “typical sold home” lands in the mid-$300Ks to low-$400Ks, so we plan around $365,000. Inventory moves fast: Redfin shows homes going pending in about 18-19 days, averaging near four offers and selling roughly 1% below list, with hot homes under contract in about two weeks. Lake access, golf-course communities, and proximity to Auburn Hills and Pontiac job centers drive that competition.

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Lake Orion Real Estate & Mortgage Overview

To comfortably carry the ~$415K median home, plan on a household income near $115,000–$135,000, assuming about 20% down, a ~6.8% rate, and a payment around $2,700–$2,900/month at a 28% front-end ratio (an estimate, not a published figure). Smaller down payments push that higher. Property taxes are friendlier than you’d expect: Orion Township’s 2025 total homestead millage is about 35.77 mills, but the effective rate lands near 0.76%, below Oakland County’s ~1.05% median. First-time buyers should ask about MSHDA down-payment assistance. Most 48360 homes sit comfortably under the conforming loan limit, so conventional and FHA financing fit well; true lakefront buyers may need jumbo terms.

To comfortably carry a median (~$415K) Lake Orion home, plan on roughly $115,000-$130,000 in household income at today’s ~6.5-7% rates with 10-20% down plus taxes and insurance; entry-level homes near $275K work closer to $80K-$90K. The good news for buyers: the effective property tax rate is about 0.91%, below Michigan’s 1.05% median, with homestead millage near 35.8 mills and typical village bills around $3,000-$3,200. First-time buyers should ask about MSHDA down payment assistance and FHA financing. Because the median sits well under the 2026 Oakland County conforming limit, most purchases stay conventional or FHA, but Indianwood lakefront and golf-course homes above $800K can push into jumbo territory, where larger reserves and down payments apply.

For a $365K-$400K home with 20% down at prevailing 6.5-7% rates, plan on roughly $105,000-$130,000 in household income to stay near a 28% front-end ratio, right where the local median income lands. Property taxes are friendlier than most of Michigan: an effective rate near 0.91% (below the ~1.05% state median), with 2023 millage around 38.86 mills for a principal residence and a typical bill near $3,061. Because four school districts cross Orion Township, verify your parcel’s rate. First-time buyers should explore MSHDA down-payment assistance; most 48362 homes stay under conforming limits, but Indianwood and Turnberry buyers may need jumbo financing.

What it's Like to Live in Lake Orion

Keatington / Keatington New Town (~$400K–$600K non-lakefront) is a master-planned community wrapping the 250-acre private all-sports Lake Voorheis, with HOA beaches, marinas, and boat launches. Bunny Run (~$450K–$900K+) centers on Bunny Run Lake and the private Bunny Run Country Club. Indianwood / Indianwood Hills (~$400K–$800K) sits near the historic Indianwood Golf & Country Club on the township’s west side. Newer M-24 / Baldwin Road corridor subdivisions (~$350K–$600K) offer recent construction minutes from I-75, shopping, and GM Orion Assembly. Direct lakefront on the all-sports lakes runs ~$700K–$4M+. Most parcels feed the well-regarded Lake Orion Community Schools (~13 schools, including Lake Orion Community High School); a few fall into Clarkston, Rochester, or Pontiac districts. Downtown Detroit is about 39 miles south via I-75, roughly a 45–55 minute drive.

Keatington (~$300K-$550K): Master-planned subdivision wrapped around private all-sports Lake Voorheis, with private beaches, marinas, mature trees, and a strong HOA, minutes from downtown and I-75.
Indianwood / Lakes of Indianwood, Turnberry & St. Andrews Estates (~$450K-$900K+): Upscale golf-and-lake community around Indianwood Golf & Country Club; lakefront, golf-course, and executive wooded homes.
Village of Lake Orion Downtown (~$250K-$500K): Walkable historic core of older homes, condos, and lakefront cottages near shops, restaurants, and the waterfront.
Royal Troon Condominiums (~$250K-$400K): Lower-maintenance condos within the Indianwood golf corridor.
Lake Orion Heights / Orion Township subdivisions (~$300K-$500K): Established family neighborhoods feeding the schools.

Most addresses are served by Lake Orion Community Schools, whose high school holds a 9/10 GreatSchools rating. Downtown Detroit is about 39 miles, roughly 42 minutes off-peak via M-24 and I-75.

Keatington (~$300K-$550K): master-planned subdivision wrapping 250-acre all-sports Lake Voorheis, with private beaches, marinas, mature trees, and a strong HOA near downtown and I-75.
Lakes of Indianwood / Indianwood Hills (~$450K-$1M+): upscale golf-and-lake community around Indianwood Lake and the historic Indianwood Golf & Country Club.
Turnberry Estates (~$500K-$900K): executive homes within the Indianwood golf-course area.
St. Andrews Estates / Royal Troon Condominiums (~$300K-$700K): golf-course-adjacent estate homes and condominiums.
Village of Lake Orion Downtown (~$250K-$500K): walkable historic core near the lakefront, mixing older and updated homes.

Most parcels feed Lake Orion Community Schools and its Lake Orion Community High School. Downtown Detroit is about 39 miles away, a 42-50 minute drive via I-75, while Auburn Hills (~6 mi) and Pontiac are far closer job centers.

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Lake Orion Mortgage FAQ's

What is the typical home price in Lake Orion, MI 48360?

The typical home value in Lake Orion is about $415,000, with Zillow showing roughly $414,600 (up ~5.5% year over year) and Realtytrac putting the median sale price for ZIP 48360 near $404,900. Interior subdivision homes generally run $350K–$600K, while direct lakefront properties can range from $700K to $4M+.

How much income do I need to buy a median-priced home in Lake Orion?

As a rough guide, a household income of about $115,000–$135,000 makes the ~$415K median home comfortable, assuming roughly 20% down, a ~6.8% rate, and keeping the payment near a 28% front-end ratio (about $2,700–$2,900/month for principal, interest, taxes, and insurance). With a smaller down payment you’d want more income. The local median household income is about $101,000, so many buyers combine incomes or bring equity from a prior home.

What are property taxes like in Lake Orion / Orion Township?

Orion Township’s 2025 total homestead millage is about 35.77 mills, but the effective property tax rate runs around 0.76% of value, which is actually below the Oakland County median of about 1.05%. Your exact bill depends on whether the home is your homestead and which school district (Lake Orion, Clarkston, Rochester, or Pontiac) the parcel falls in.

Which schools serve homes in 48360?

Most of 48360 is served by the well-regarded Lake Orion Community Schools, which operates about 13 schools including Lake Orion Community High School; Oakview, Scripps, and Waldon middle schools; and elementaries such as Blanche Sims, Carpenter, Orion Oaks, Paint Creek, Stadium Drive, and Webber. A few parcels fall into the Clarkston, Rochester, or Pontiac districts.

What are the best-known neighborhoods in Lake Orion?

Popular subdivisions include Keatington / Keatington New Town (around $400K–$600K, with private access to all-sports Lake Voorheis), Bunny Run (lake-focused, near a private country club), and the Indianwood area near the golf and country club. Newer construction along the M-24/Baldwin Road corridor near I-75 typically runs $350K–$600K, and true lakefront homes carry a large premium.

How long is the commute from Lake Orion to Detroit, and what drives the local job market?

Downtown Detroit is about 39 miles south via I-75, roughly a 45–55 minute drive outside of heavy traffic. Locally, GM’s Orion Assembly plant is the economic anchor and is in the middle of a multi-billion-dollar reinvestment to build full-size trucks and SUVs starting in 2027, while many residents commute to jobs in Auburn Hills, Rochester, Pontiac, and metro Detroit.

What is the median home price in Lake Orion, MI?

The typical Lake Orion-area home value is around $415,000 as of 2026, up roughly 5.5% year over year per Zillow. Prices vary widely by neighborhood: walkable downtown and condo options can start in the $250K-$300K range, while lakefront and Indianwood golf-community homes frequently run $500K to $900K+.

How much income do I need to buy a home in Lake Orion?

To comfortably afford a median (~$415,000) home, plan on roughly $115,000-$130,000 in household income, assuming 10-20% down at current ~6.5-7% mortgage rates plus taxes and insurance. That’s well within reach for many local households, since Lake Orion’s median household income is about $101,000. Entry-level homes near $275K can work on incomes closer to $80K-$90K.

Serving Lake Orion, MI and Surrounding Areas

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Michigan Counties We Serve: Genesee, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, Saint Clair, Washtenaw, Wayne

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