Market Overview
Home Prices in Orion, MI
The median home value in Orion, MI is $412,165 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Orion are priced1% above average. Orion is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Orion home values have risen by approximately24.8%, reflecting strong long-term appreciation in this market.
Price History
Orion Home Price Trend
City Comparison
Orion vs. National Median
At $412,165, homes in Orion cost 1% above the national median of $410,000. Buyers in Orion should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Orion?
20% Down Payment
$82,433
on $412,165
Monthly P&I
$2,150/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,731/mo
incl. taxes & insurance
Income Needed
$109,240
gross annual (30% rule)
10% Down Option
$41,217
+ PMI applies
Loan Amount (20% dn)
$329,732
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 Orion, MI?
The median home value in Orion is $412,165 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Orion?
Over the past year, home values in Orion have increased by 3.1%. Over five years, prices have risen approximately 24.8%.
How much do I need to earn to buy a home in Orion?
To comfortably afford the median home price of $412,165 with a 20% down payment ($82,433) at today's rates (6.8%), you'd need a gross annual income of approximately $109,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Orion compare to the national average home price?
The national median home value is approximately $410,000. At $412,165, homes in Orion are 1% above the national average.
What metro area is Orion part of?
Orion is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.