Michigan · Census place 44940
Lake Orion, MI population, income and ZIP codes
Quick answer
The population of the city of Lake Orion, Michigan (Lake Orion, MI — Census place “Lake Orion village”) is 2,873 residents, ranking #242 of 745 places in Michigan. Median household income is $98,871, the median home is worth $346,700 and median gross rent runs $757 a month. Looking for the Lake Orion Michigan ZIP code list? 1 ZIP codes serve Lake Orion, MI: 48362.
- Population
- 2,873Lake Orion village residents
- Median household income
- $98,871Past 12 months, inflation adjusted
- Median home value
- $346,700Owner-occupied units
- Median gross rent
- $757Rent plus utilities, monthly
- Median age
- 43.8 yrsAll residents
- Homeownership rate
- 73.6%Owner-occupied households
Lake Orion ZIP codes (Michigan)
Census ZCTAs whose delivery area overlaps Lake Orion.
The Lake Orion MI ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
What the numbers mean in Lake Orion village
Housing cost measured against local earnings.
A household earning the Lake Orion village median would spend about 9.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.4% of residents and 73.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Lake Orion village, MI in context
How this area compares with national benchmarks.
Lake Orion village is a small town in Michigan, with 2,873 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #242 of 745 ranked by population — larger than 67% of them. The median age here is 43.8 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.
Households in Lake Orion village earn a median of $98,871 a year, 25.9% above the national figure of $78,538 and 60% above the $61,715 median for the 438 Michigan cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 8.4% of residents here, below the 12.4% national rate.
The typical owner-occupied home in Lake Orion village is valued at $346,700, 14.3% above the national figure and 109% above the $166,100 peer median, while median gross rent runs $757 a month, 46.2% below the national figure, or roughly $9,084 across a full year. A household on the local median income would put about 9.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 73.6% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.
No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.
Compare with nearby places
Places of similar size in Michigan.
- Rogers City city 2,873
- Kincheloe CDP 2,875
- Manistique city 2,844
- Bath CDP 2,938
- St. Helen CDP 2,841
- Ferrysburg city 2,949
- Norway city 2,835
- Fowlerville village 2,950
Keep going
More Michigan coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Lake Orion village?
- Lake Orion village has 2,873 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #242 of 745 in Michigan.
- What is the median household income in Lake Orion village?
- Median household income in Lake Orion village is $98,871 a year, 25.9% above the national figure of $78,538.
- How much does it cost to rent or buy in Lake Orion village?
- Median gross rent is $757 a month and the median home value is $346,700, so rent absorbs about 9.2% of median household income.
- Is Lake Orion village affordable compared with the rest of the US?
- Homes cost about 3.5× the local median income here versus roughly 3.9× nationally, so Lake Orion village is more affordable to buy in than the typical US market, and rent takes 9.2% of median income against the 30% cost-burden line.
- How current is this Lake Orion village data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.