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Orchard Lake Village city, MI

ZIP 48323 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48323

Median Home Value
$467,000
Median Rent
$1,463
Affordability Snapshot
$129,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,000/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48323 in Orchard Lake Village city, MI, a household would need roughly $129,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,000. That is roughly in line with the local median household income ($139,418). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
90.6%+39% vs US avg
x
Vacancy Rate
5.4%-47% vs US avg
x
Broadband Access
96.2%+11% vs US avg
x
4+ Bedrooms
10.2%-31% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
48.0%-3% vs US avg
x
Mortgage-Free
40.8%+7% vs US avg
x
$467,000
Home Value
$1,463
Rent
1978
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.8%
  • 1-unit attached7.0%
  • 2-9 units2.9%
  • 10+ units1.9%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$467,000
Median rent$1,463
Owner-occupied90.6%
Vacant5.4%
Price-to-income3.3x
Est. income to buy$129,000