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Housing market/Michigan/ZIP 48360

ACS 2023 · FY2027 SAFMR

ZIP 48360 Lake Orion, Michigan

Detroit-Warren-Livonia, MI HUD Metro FMR Area · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
12,250
Households
4,731
Median HH income
$135,701
Renter share
11.9%
Median gross rent
$1,377
Vacancy
4.4%
Pop. change
-1.7%
2BR SAFMR
$1,630
SAFMR / rent
1.184×
2–49 unit stock
636
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 48360 · MI — sent to you.

ZIP 48360 · MI

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ACS rent vs 2BR SAFMR

ZIP 48360 — Lake Orion, MI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,377
2BR SAFMR$1,630
90% floor$1,467
110% ceiling$1,793

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 48360

  • 1-unit detached3,72875.3%
  • 1-unit attached4589.3%
  • 2–4 units2515.1%
  • 5–49 units3857.8%
  • 50+ units1292.6%
TypeUnitsShare
1-unit detached3,72875.3%
1-unit attached4589.3%
2 units (duplex)00.0%
3–4 units2515.1%
5–9 units1773.6%
10–19 units1943.9%
20–49 units140.3%
50+ units1292.6%
Mobile00.0%

2–4 unit share 5.1% · 5–49 unit share 7.8% · combined 2–49 12.8%.

Units by bedrooms

Studio
52
1BR
173
2BR
1,068
3BR
1,449
4BR
1,890
5+
319

Rent burden

Rent ≥30% of income37.0%
Rent ≥50% of income29.7%
  • ACS median gross rent $1,377 (all bedrooms, occupied rentals).
  • Median contract rent $1,179.
  • Renters paying ≥30% of income 37.0%; ≥50% 29.7%.
  • FY2027 2BR SAFMR $1,630 (1.184× ACS median gross rent).

Population

12,250 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 236 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 48360 11.9% of occupied households are renters; vacancy is 4.4%; ACS median gross rent is $1,377; population changed -1.7% between the 2018 and 2023 ACS vintages; the housing stock includes 251 units in 2–4-unit structures and 385 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,630 versus ACS median gross rent of $1,377. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Michigan research

ZIP 48360 is a Census / HUD profile for Detroit-Warren-Livonia, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 48360 — Lake Orion, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
48001Detroit-Warren-Livonia, MI HUD Metro FMR Area16.4%$921$1,19048002Detroit-Warren-Livonia, MI HUD Metro FMR Area2.7%$783$1,30048003Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$925$1,14048004Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,27048005Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$1,141$1,32048006Detroit-Warren-Livonia, MI HUD Metro FMR Area6.4%$1,077$1,37048009Detroit-Warren-Livonia, MI HUD Metro FMR Area23.8%$1,891$2,19048012Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,63048014Detroit-Warren-Livonia, MI HUD Metro FMR Area13.8%$827$1,02048015Detroit-Warren-Livonia, MI HUD Metro FMR Area42.6%$627$1,06048017Detroit-Warren-Livonia, MI HUD Metro FMR Area26.5%$1,255$1,51048021Detroit-Warren-Livonia, MI HUD Metro FMR Area31.1%$1,335$1,630

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 48360?

ZIP 48360 (Detroit-Warren-Livonia, MI HUD Metro FMR Area) has 12,250 residents, 4,731 households, a renter share of 11.9%, median household income of $135,701, and ACS 2023 median gross rent of $1,377. Vacancy is 4.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 48360?

ACS counts 0 units in 2-unit buildings, 251 in 3–4 unit buildings, 177 in 5–9, 194 in 10–19, and 14 in 20–49. Combined 2–49 unit stock is 636 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 48360?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,630. See the full schedule and 90–110% payment-standard band on the ZIP 48360 — Lake Orion, MI HUD Section 8 Payment Standards / SAFMR.

Does this Michigan ZIP profile include Georgia listings?

No. ZIP 48360 is Census / HUD research for Detroit-Warren-Livonia, MI HUD Metro FMR Area. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.