What is the rental vacancy rate in Orion Charter Township, MI?
The rental vacancy rate in Orion Charter Township, MI is 10.0% (±4.0 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±0.2 points).
838 (±233) homes, 5.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Orion Charter Township, the rental vacancy rate went from 2.6% in 2015–2019 to 10.0% in 2020–2024 (+7.4 percentage points), a measurable increase.
Figures last updated on .
- Rental vacancy rate
- 10.0% (±4.0 points)
- Homeowner vacancy rate
- 0.0% (±0.2 points)
- Vacant homes
- 838 (±233)
Vacancy in Orion Charter Township against Oakland County, its state and the nation
| Orion Charter Township | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 10.0% (±4.0 points) | 7.4% (±0.6 points) | 5.1% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±0.2 points) | 0.4% (±0.1 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 838 (±233) | 30,888 (±1,757) | 545,867 (±7,991) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Orion Charter Township, the rental vacancy rate is not measurably different from Oakland County (7.4%).
It is also higher than in Michigan (5.1%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near Orion Charter Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Orion Charter Township | — | 10.0% (±4.0 points) | — |
| Oxford | 4.5 mi | 0.0% (±6.8 points) | Lower |
| Oakland Charter Township | 5.5 mi | 21.5% (±16.3 points) | Not measurably different |
| Auburn Hills | 5.8 mi | 5.7% (±2.8 points) | Not measurably different |
| Oxford Charter Township | 6.3 mi | 2.1% (±3.1 points) | Lower |
| Independence Charter Township | 6.6 mi | 5.6% (±4.7 points) | Not measurably different |
| Pontiac | 7.5 mi | 6.0% (±1.6 points) | Not measurably different |
| Addison Township | 8.0 mi | 32.3% (±33.0 points) | Not measurably different |
| Village of Clarkston | 8.3 mi | 13.2% (±13.3 points) | Not measurably different |
Nearby places with a measurably lower figure: Oxford, MI (0.0%), Oxford Charter Township, MI (2.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Oakland County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 8 | Birmingham | 11.9% (±5.5 points) |
| 9 | Southfield | 10.8% (±2.2 points) |
| 10 | West Bloomfield Charter Township | 10.7% (±3.9 points) |
| 11 | Bloomfield Hills | 10.5% (±15.5 points) |
| 12 | Farmington Hills | 10.2% (±2.4 points) |
| 13 | Rochester | 10.1% (±6.0 points) |
| 14 | Orion Charter Township | 10.0% (±4.0 points) |
| 15 | Pleasant Ridge | 9.1% (±13.9 points) |
| 16 | Farmington | 8.7% (±6.5 points) |
| 17 (tie) | Oak Park | 8.4% (±4.2 points) |
| 17 (tie) | Royal Oak | 8.4% (±2.7 points) |
| 19 | Novi | 7.3% (±2.6 points) |
| 20 | Hazel Park | 7.0% (±4.3 points) |
Showing 13 of 49 places in Oakland County, ranked from highest to lowest.
The figures for Orion Charter Township include the places inside it that have pages of their own: Lake Orion.
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 Orion Charter Township
Is it hard to find a rental in Orion Charter Township?
The rental vacancy rate in Orion Charter Township, MI is 10.0% (±4.0 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Orion Charter Township tighter than it was?
In Orion Charter Township, the rental vacancy rate went from 2.6% in 2015–2019 to 10.0% in 2020–2024 (+7.4 percentage points), a measurable increase.
How many homes are vacant in Orion Charter Township?
An estimated 838 (±233) housing units, 5.2% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Orion charter township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Orion charter township, Oakland County, Michigan
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 Orion charter township, Oakland County, Michigan (county subdivision:61100, in state:26 county:125).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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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- Michigan landlord and tenant rules
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