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Real Estate Prices & Overview

Lake Orion South median real estate price is $339,923, which is more expensive than 65.3% of the neighborhoods in Michigan and 44.3% of the neighborhoods in the U.S.

The average rental price in Lake Orion South is currently $2,113, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.4% of the neighborhoods in Michigan.

Lake Orion South is a rural neighborhood (based on population density) located in Lake Orion, Michigan.

Lake Orion South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Lake Orion South neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Lake Orion South, the current vacancy rate is 1.2%, which is a lower rate of vacancies than 90.9% of all neighborhoods in the U.S. This means that the housing supply in Lake Orion South is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lake Orion, the Lake Orion South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Divorcees may find friendship and understanding in this neighborhood, as 22.7% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 98.1% of the neighborhoods in America.

In addition, if you're nearing retirement age, or in retirement, the Lake Orion South is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.1% of retiree-friendly neighborhoods in Michigan, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Michigan.

Diversity

Did you know that the Lake Orion South neighborhood has more Brazilian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Brazilian ancestry and 0.8% have Armenian ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Lake Orion South neighborhood in Lake Orion are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.8% of U.S. neighborhoods. With 21.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.4% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Lake Orion South neighborhood, 58.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 16.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.1%), and 11.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lake Orion South neighborhood is English, spoken by 81.7% of households. Some people also speak Spanish (12.3%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Lake Orion South neighborhood in Lake Orion, MI, residents most commonly identify their ethnicity or ancestry as German (21.2%). There are also a number of people of English ancestry (17.2%), and residents who report Mexican roots (11.8%), and some of the residents are also of Polish ancestry (11.2%), along with some Irish ancestry residents (7.6%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Lake Orion South neighborhood spend between 15 and 30 minutes commuting one-way to work (40.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (82.8%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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