Real Estate Investing in Lake Orion, Michigan (48362)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48362 (Lake Orion, MI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lake Orion, MI (48362)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48362 Lake Orion
This part of Oakland County is not an easy win. The 48362 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 48362 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
On the rental side, 48362 offers a low basis, the region around Lake Orion has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 48362 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Lake Orion's stable or hybrid ZIPs before stepping into 48362. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lake Orion:
Property Strategy for 48362
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $243,630 | $1,370 | 4.0% | +7.3% | $121,815 |
| 3BR | $340,179 | $1,670 | 3.5% | +6.8% | $113,393 |
| 4BR | $518,192 | $1,810 | 2.5% | +6.6% | $129,548 |
| 5BR | $621,218 | — | — | +6.6% | $124,244 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48362 Compare?
| Metric | 48362 | Lake Orion | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $390,968 | $390,968 | N/A | $253,279 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.8% |
| Avg Rent | $1,742 | $1,742 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48362 (Lake Orion, MI). Anonymous, moderated, never written by AI.
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Property managers serving Oakland County
Manage rentals here? List your business →Symmetry Management specializes in commercial real estate management. summary from their website
Beacon Management offers property management services for various communities and properties across Michigan, including Ann Arbor, Auburn Hills, Bloomfield Hills, Canton, and Southfield. summary from their website
Great Day Realty is a real estate company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $390,968 |
| Monthly Rent | $1,742 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48362
Population: 14,746
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48362
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Scripps Middle School
Waldon Middle School
Orion Oaks Elementary School
Stadium Drive Elementary School
Learning Options High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,973 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is rental property easy to operate in Lake Orion, MI?
The landlord environment in Lake Orion, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is it easy to find good tenants in Lake Orion, MI?
The renter base in Lake Orion, MI is reasonable for the $1,742/mo price point. Screening well and pricing to market typically yields measured tenants.
Is Lake Orion, MI a good market for buy-and-hold investors?
Investors tracking Lake Orion, MI will find a 3.0/5 rating supported by $391K median home values and $1,742/mo rents. That profile suits long-term holders targeting consistent returns.
Can I house hack in Lake Orion, MI?
Lake Orion, MI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $391K price point reasonable to enter.
What is the average home sale price in Lake Orion, MI?
Expect median prices around $391K in Lake Orion, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 48362 now. You don’t know where it ranks.
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How 48362 ranks in Detroit-Warren-Dearborn, MI
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