Looking for a Home For Sale in Lake Orion? Get Market Stats Below
Lake Orion is small, as we mentioned, and it covers a total of 1.3 square miles. Surprisingly, half is almost water and .7 is land. The population of this town is actually quite high compared to its size, bringing in 2,973 people based on a census from 2010. It’s considered a resort town, as it’s a perfect, cookie cutter vacation town. The town itself is more than it’s size, as it is rich in history and folklore.
Lake Orion has an island, which several people inhabit during different seasons. The water is beautiful and averages a depth of around 80 feet. If you’re someone with a boat or a kayak lover, Lake Orion may be your new home or your next vacation destination.
According to the census we spoke about earlier, the population mentioned has over 1,304 households with 709 families in the town. When it comes to density, there are over 1,483 housing units with a density of 1,887 people per square mile. Of 1,300 households, a clean 27% had minors living with them and an even 40% were married couples. Almost half, 46%, were non-families. When it comes to the elderly, their makeup was almost 12% of the total population.
This may raise some questions about total ages in the town if you’re a vacationer. The median age in the town is 41 years old and more than 20% of the total population is under 18. Almost 8% were between 18-24, a small amount for prime college ages in a vacation town, and 28% were between 25-44. This was rather even compared to the 27% of people ages 45-64. Of the total population, 16% were made up of the elderly. Touching base on gender, 48% were male and 52% are female.
Now that the population has been spoken about, let’s talk about incomes and price statistics based on the last census. Below, you can find these facts.
The estimated median for household incomes on the 2013 census was around $61,315. This actually rose over $10,000 since the year 2000. Lake Orion is far higher than the Michigan average. As for the median house or condo value, this was around $167,251. It has remained a pretty steady average since 2000, which is far higher than the state average.
Mean prices since 2013:
- Detached – $215,339
- Townhouses/attached – $98,397
- 5 or more units – $97,310
As for income, the median gross rent is around $674. Now lets talk about crime rates, which surpass the expectations of thousands who look into Lake Orion.
The crime rate score for Lake Orion is below 10, which is an A+ score and 90% lower than the national average. The violent crime score is less than 5 points, which is 95% lower than the violent crime rate of the nation. When it comes to Lake Orion, you have beautiful views and beautiful people to match.