Current Market Data · Oakland County, MI (Realcomp, March 2026)
Median Price
$340K
YoY Change
+4.2%
Days on Market
16
Price / Sq Ft
$178
About Lake Orion
Lake Orion is northern Oakland County's recreational centerpiece — a community defined by the 520-acre Lake Orion at its core, surrounded by a charming village downtown and miles of Paint Creek Trail connectivity to the south. The village has a genuine small-town character with seasonal activity around the lake, annual events, and a local retail and dining scene that punches above its size.
The broader Lake Orion market includes Orion Township, which offers a wider range of housing types from affordable ranches to newer construction communities. The General Motors Orion Assembly Plant, one of GM's most modern facilities, is located in Orion Township — a significant local employment anchor.
Real Estate Overview
Lake Orion's real estate market offers two distinct segments: the lakefront market, driven by recreational demand and scarcity, and the broader non-waterfront suburban market in Orion Township. The non-waterfront market is more price-accessible, offering good value relative to southern Oakland County cities.
Waterfront properties on Lake Orion itself command significant premiums and have their own set of township regulations regarding dock permits, shoreline use, and seasonal access.
What Your Budget Buys in Lake Orion
Entry Tier
$250K–$350K gets you a non-waterfront home in Orion Township — often ranch or colonial with reasonable lot sizes.
Mid Range
$350K–$550K brings well-updated homes, newer construction, or lake access properties on smaller lakes.
Luxury Tier
Above $550K opens up direct frontage on Lake Orion and larger private lakes, with a handful of true estates at the high end.
Brad’s Take
“Lake Orion is where I send buyers who want Rochester's trail-and-village vibe at a 20% discount. The lake is genuinely beautiful, the village has real character, and Orion Township has a lot of value in the non-waterfront inventory that gets overlooked because people fixate on waterfront prices. Smart buyers see the opportunity here.”
Brad Patrick
Realtor®, The Patrick Group
Location & Access
- •Located at M-24 (Lapeer Road) and Clarkston Road, approximately 35 miles north of Detroit
- •Paint Creek Trail connects south through Rochester Hills toward Rochester
- •M-24 provides direct access to Auburn Hills (GM/Stellantis corridor) 15 miles south
- •I-75 access via Joslyn Road interchange approximately 5 miles west
Schools
Primary District: Lake Orion Community School District
Lake Orion Community School District serves the village and Orion Township, with Lake Orion High School as the secondary school. School assignment should be verified for specific addresses near district boundary lines.
Frequently Asked Questions
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Market statistics are sourced from Realcomp MLS data for OaklandCounty and reflect general market conditions as of March 2026. City-level figures are adjusted estimates based on known market positioning and may not reflect official MLS sub-market data. Price ranges are general guidance and not guarantees of value. Individual property values depend on condition, location, and current market conditions. School district information should be verified directly with the district for specific property addresses. The Patrick Group | Oak & Stone Real Estate is committed to compliance with the Fair Housing Act and all applicable fair housing laws. Equal Housing Opportunity.