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Orchard Lake Village city, MI

ZIP 48324 — 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 48324

Median Home Value
$407,500
Median Rent
$1,275
Affordability Snapshot
$112,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,618/mo PITI).

10%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

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 48324 in Orchard Lake Village city, MI, a household would need roughly $112,000 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 $2,618. That sits below the local median household income ($148,750), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
91.9%+40% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
95.9%+10% vs US avg
x
4+ Bedrooms
10.2%-31% vs US avg
x
Built Pre-1939
5.3%-59% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
20.0%-60% vs US avg
x
Mortgage-Free
31.5%-18% vs US avg
x
$407,500
Home Value
$1,275
Rent
1976
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 detached96.4%
  • 1-unit attached0.6%
  • 2-9 units1.8%
  • 10+ units0.9%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$407,500
Median rent$1,275
Owner-occupied91.9%
Vacant3.9%
Price-to-income2.7x
Est. income to buy$112,000