Is Lake Orion, MI growing?
Lake Orion, MI had an estimated 2,863 (±17) residents in 2020–2024, against 3,141 in 2015–2019.
That is a change of −8.9%, a measurable decrease.
Its housing went from 1,594 to 1,416 homes (−11.2%), a measurable decrease.
0.4% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 2,863 (±17)
- Amount of change
- −8.9%
- Homes change
- −11.2%
- Built 2020 or later
- 0.4%
Residents and homes in Lake Orion, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 3,141 (±19) | 2,863 (±17) | −8.9% | Measurable decrease |
| Housing units | 1,594 (±103) | 1,416 (±137) | −11.2% | Measurable decrease |
| Households that rent | 27.8% (±5.8 points) | 27.4% (±8.4 points) | −0.4 percentage points | Not a measurable change |
| Median gross rent | $733 (±$66) | $798 (±$177) | +8.9% | No measurable change after inflation |
| Median home value | $269,900 (±$22,317) | $376,600 (±$61,943) | +39.5% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Growth in Lake Orion against Oakland County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Lake Orion | −8.9% | Measurable decrease | −11.2% |
| Oakland County | +2.1% | Measurable increase | +4.0% |
| Michigan | +1.1% | Measurable increase | +0.6% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Lake Orion
| Year built | Lake Orion | Oakland County | Michigan | United States |
|---|---|---|---|---|
| 2020 or later | 0.4% (±0.7 points) | 1.1% | 1.0% | 2.0% |
| 2010 to 2019 | 3.4% (±3.3 points) | 5.6% | 4.9% | 9.4% |
| 2000 to 2009 | 10.1% (±5.5 points) | 9.3% | 10.3% | 13.6% |
3.8% of the homes in Lake Orion were built in 2010 or later.
The median age of residents is 42.5 years.
Growth in places near Lake Orion
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Lake Orion | — | 2,863 | −8.9% | Measurable decrease |
| Oxford | 2.7 mi | 3,474 | −1.9% | Measurable decrease |
| Oxford Charter Township | 4.9 mi | 22,593 | +1.2% | Measurable increase |
| Oakland Charter Township | 5.0 mi | 20,339 | +6.4% | Measurable increase |
| Addison Township | 6.0 mi | 6,278 | −4.4% | Measurable decrease |
| Auburn Hills | 7.5 mi | 25,105 | +6.5% | Measurable increase |
| Lake Angelus | 7.6 mi | 238 | −13.1% | Not a measurable change |
| Leonard | 7.6 mi | 346 | −3.6% | Not a measurable change |
| Independence Charter Township | 7.9 mi | 36,982 | +0.6% | Measurable increase |
Lake Orion lies inside Orion Charter Township, whose figures include it, so it is ranked only against places like it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Orion
Is Lake Orion growing?
Lake Orion, MI had an estimated 2,863 residents in 2020–2024 and 3,141 in 2015–2019, a change of −8.9%: a measurable decrease by the Census Bureau’s test.
How many homes have been added in Lake Orion?
The estimated number of housing units went from 1,594 in 2015–2019 to 1,416 in 2020–2024 (−11.2%), a measurable decrease.
How much new construction is there in Lake Orion?
0.4% of homes in Lake Orion were built in 2020 or later and 3.4% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake Orion village, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Orion village, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake Orion village, Michigan
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Lake Orion village, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake Orion village, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Orion village, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Orion village, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lake Orion village, Michigan (place:44940, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- How long people stay in Lake Orion
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- Housing data for every place in Michigan