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Foreclosure Homes in Lake Orion, MI

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33 Mill-lake-rd-Lake-orion-MI-48360
As-Is Deal
$299,900 List Price

Mill Lake Rd
Lake Orion, MI 48360

2 Bed | 2 Bath | 1,062 Sq. Ft.

20 W-clarkston-rd-Lake-orion-MI-48362
As-Is Deal
$209,900 List Price

W Clarkston Rd
Lake Orion, MI 48362

3 Bed | 2 Bath | 1,478 Sq. Ft.

9 E-silverbell-rd-Lake-orion-MI-48360
As-Is Deal
$249,900 List Price

E Silverbell Rd
Lake Orion, MI 48360

3 Bed | 3 Bath | 1,998 Sq. Ft.

Grafton-st-Orion-MI-48359
Bankruptcy

Grafton St
Orion, MI 48359

3 Bed | 1 Bath | 925 Sq. Ft.

De-goff-ct-Lake-orion-MI-48362
Bankruptcy
$176,387 EMV

De Goff Ct
Lake Orion, MI 48362

Rockford-ct-Lake-orion-MI-48360
Bankruptcy

Rockford Ct
Lake Orion, MI 48360

2 Bed | 1 Bath | 882 Sq. Ft.

13 Bayfield-st-Lake-orion-MI-48362
Fixer Upper
$134,900 List Price

Bayfield St
Lake Orion, MI 48362

2 Bed | 2 Bath | 1,179 Sq. Ft.

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Foreclosure Homes in Lake Orion, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lake Orion, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lake Orion, MI and much more. Save thousands at closing with home foreclosure listings in Lake Orion, MI — up to 75% off market value!


Top Reasons To Live In Lake Orion, MI In 2021

Lake Orion is located in Oakland, Michigan, with an estimated municipal population of 3,189 residents. All of the best foreclosed homes for sale in Lake Orion are located in the following zip code areas on Foreclosure.com: 48362 48361. The estimated population per square kilometer (.62 miles) in Lake Orion is 1,524.


Cost Of Living In Lake Orion, MI

So, about how much do homes cost in Lake Orion? The most recent median value of resident-owned homes in Lake Orion is 271,721. An estimated 72.2 percent of households in Lake Orion own their homes, with an average family size of 2.99. The median household income in Lake Orion is 90,099, with43 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Orion, the median commute time of resident workers (in minutes) is 31.6. And last, but certainly not least, are you looking for homes to rent in Lake Orion? If so, the average rent price paid by renters in Lake Orion is 733, according to recent statistics.


Diversity And Demographics In Lake Orion, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Orion, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake Orion is 41.7, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Lake Orion is 52.8, with an average family size of 2.99.

The percentage of residents who report their race in Lake Orion is as follows:

White 95.8%
Black / African American 0.3%
Asian 3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.1%
Other 0.8%

Looking for family-friendly neighborhoods in and/or near Lake Orion? Or maybe you are searching for 55+ active adult communities in and/or near Lake Orion?

The percentage of residents who report their age in Lake Orion is as follows:

Under 10 11.1%
Aged 10-19 10.2%
20s 12.6%
30s 13.4%
40s 12.2%
50s 13.2%
60s 14.4%
70s 6.3%
80+ 6.5%

Best Schools In Lake Orion, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Orion with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Orion.


Pros And Cons Of Living In Lake Orion, Michigan

How do you know that living in -- or moving to -- Lake Orion is right where you need to be? Perhaps you grew up in Lake Orion or already live nearby; therefore, the decision to buy a home in Lake Orion is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Orion for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Orion:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Orion.


Reasons To Move To Lake Orion, Michigan, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Orion can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Orion, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Lake Orion, MI

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