48362, Lake Orion, MI

Lake Orion is a small town in the middle of Michigan's Thumb region. The population was just over 10,000 as of the 2010 census. The median household income was just over $60,000, and the unemployment rate was just under 3%.

The 48362 zip code is home to a number of affluent families. As of 2007, the median home value in this zip code was $269,000. This means that nearly half of all homes in this zip code are worth more than $250,000. In addition, there are a number of homes that are worth well over $500,000.

One reason for the high home values in this zip code is the close proximity to Detroit. Many people who live in Lake Orion commute to work each day by car or bus. This means that there is a large demand for housing near major metropolitan areas.

Another factor that contributes to high home values in this area is the lack of available land. There are only a few hundred acres left within walking distance of most homes in Lake Orion. This means that developers are reluctant to build new homes on land that is not already occupied. As a result, prices for existing homes have increased significantly over the past few years.