Market Overview
Home Prices in Orchard Lake, MI
The median home value in Orchard Lake, MI is $989,427 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Orchard Lake are priced141% above average. Orchard Lake is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Orchard Lake home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Orchard Lake Home Price Trend
City Comparison
Orchard Lake vs. National Median
At $989,427, homes in Orchard Lake cost 141% above the national median of $410,000. Buyers in Orchard Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Orchard Lake?
20% Down Payment
$197,885
on $989,427
Monthly P&I
$5,160/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,553/mo
incl. taxes & insurance
Income Needed
$262,120
gross annual (30% rule)
10% Down Option
$98,943
+ PMI applies
Loan Amount (20% dn)
$791,542
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Orchard Lake, MI?
The median home value in Orchard Lake is $989,427 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Orchard Lake?
Over the past year, home values in Orchard Lake have increased by 5.1%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Orchard Lake?
To comfortably afford the median home price of $989,427 with a 20% down payment ($197,885) at today's rates (6.8%), you'd need a gross annual income of approximately $262,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Orchard Lake compare to the national average home price?
The national median home value is approximately $410,000. At $989,427, homes in Orchard Lake are 141% above the national average.
What metro area is Orchard Lake part of?
Orchard Lake is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.