Real Estate Investing in Orion, Michigan (48359)
Should you buy in 48359 (Orion, MI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Orion, MI (48359)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48359 Orion
ZIP 48359 in Orion, MI carries a robust set of headwinds. Home values near $404K and rents of $1,648/mo sit inside a market where underwriting has to be tight.
The 48359 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 48359 offers a low basis, the region around Orion has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 48359 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 48359 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Orion:
Property Strategy for 48359
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $236,326 | $1,540 | 4.7% | +6.9% | $118,163 |
| 3BR | $306,762 | $1,880 | 4.4% | +6.2% | $102,254 |
| 4BR | $534,338 | $2,040 | 2.7% | +6.7% | $133,584 |
| 5BR | $617,796 | — | — | +7.3% | $123,559 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48359 Compare?
| Metric | 48359 | Orion | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $403,591 | $415,858 | N/A | $253,279 |
| 5-Year CAGR | 5.3% | 5.6% | N/A | 6.8% |
| Avg Rent | $1,648 | $1,535 | N/A | - |
| Cap Rate | 3.2% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48359 (Orion, MI). Anonymous, moderated, never written by AI.
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Property managers serving Oakland County
Manage rentals here? List your business →Symmetry Management specializes in commercial real estate management. summary from their website
Beacon Management offers property management services for various communities and properties across Michigan, including Ann Arbor, Auburn Hills, Bloomfield Hills, Canton, and Southfield. summary from their website
Great Day Realty is a real estate company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $403,591 |
| Monthly Rent | $1,648 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48359
Population: 10,424
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48359
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Scripps Middle School
Waldon Middle School
Orion Oaks Elementary School
Stadium Drive Elementary School
Learning Options High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,973 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Orion, MI for investors?
Investors tracking Orion, MI will find a 3.0/5 rating supported by $404K median home values and $1,648/mo rents. That profile suits long-term holders targeting steady returns.
What are vacancy rates like in Orion, MI?
Orion, MI sees elevated vacancy, which is reasonable relative to the broader MI rental market.
How deep is the rental pool in Orion, MI?
Expect a solid tenant pool in Orion, MI. The rental market absorbs $1,648/mo rents without meaningful friction.
Is MI a landlord-friendly state?
Landlord-friendliness in Orion, MI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the best play in Orion, MI?
For Orion, MI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
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