Lake Orion, MI · standard
ZIP Code 48362
Oakland County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 15,141
- 589/sq mi High-density area
- $115,230
- Median income Above-median income area
- $346,900
- Median home value Above-median home value
- 47.1%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Lake Orion pairs an upper-quartile household income with above-median home values, in a low-density, homeowner-dominated area.
- Top 11%
- household income, US ZIPs
- Top 27%
- home value, US ZIPs
- 589
- people per sq mi
- 86%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48362 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 48362 (Lake Orion, MI) rose +7.7% from 2023 to 2024. The all-transactions index moved from 172.6 in 2023 to 185.8 in 2024 (2000 = 100).
ZIP code 48362 is a mid-sized community (a standard USPS delivery area) in Lake Orion, Oakland County, Michigan, home to 15,141 residents across 25.7 square miles, a density of 589 people per square mile, in the Detroit time zone.
ZIP 48362 skews affluent, with a median household income of $115,230 (57% above the average Michigan ZIP), while per-capita income is $55,885. Both reported hardship measures are comparatively low in absolute terms: poverty is 6.1% and unemployment is 1.6%. Housing is both higher-cost and owner-heavy: median home value is $346,900 (58% above the average Michigan ZIP), while 86.4% of occupied homes are owner-occupied and median rent is $1,145.
A solid share of residents have a four-year degree: 47.1% of adults hold a bachelor's degree or higher, the median age is 43.1, and the average commute is 28 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Oakland County, so 48362 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 48362
Top 5 sectors by establishment count in Lake Orion, MI
Which industries have the most business establishments in ZIP 48362.
- Retail trade
Retail trade
60 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
47 establishments
- Accommodation and food services
Accommodation and food services
45 establishments
- Construction
Construction
37 establishments
- Health care and social assistance
Health care and social assistance
35 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 48362, Lake Orion, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
15,141
Population
25.7
Area (sq mi)
589
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48362?
43.1
Median Age
50.7%
Male
49.3%
Female
6.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$115,230
Median Household Income
+57% vs state ZIP avg
$55,885
Per Capita Income
6.1%
Poverty Rate
1.6%
Unemployment Rate
27.9 min
Mean Commute Time
How ZIP 48362 ranks among Michigan ZIPs
Lake Orion, MI household income vs. every Michigan ZIP code
Median household income among 962 reporting Michigan ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$115,230 Top 5% higher than 95% of 962 Michigan ZIPs
Each bar is a $20K-wide band; taller bars hold more Michigan ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
6,399housing units
6,399
Total Housing Units
6,030
Occupied Units
369
Vacant Units
2.47
Avg Household Size
Occupancy Type
$346,900
Median Home Value
+58% vs state ZIP avg
$1,145
Median Rent
1977
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+7.7%
YoY Change (2024)
186
HPI Index (2000 = 100)
+86%
Total Change Since 2000
Home values in ZIP 48362 have increased 7.7% over the past year (2024). Since 2000, this ZIP has seen +86% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.9% | 132 |
| 2021 | +10.5% | 146 |
| 2022 | +12.8% | 165 |
| 2023 | +4.6% | 173 |
| 2024 | +7.7% | 186 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 340 business establishments in ZIP 48362, employing approximately 3,416 people with a combined annual payroll of $140,749,000.
340
Businesses
3,416
Employees
$140.7M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 60 | 17.6% |
| Professional, scientific, and technical services | 47 | 13.8% |
| Accommodation and food services | 45 | 13.2% |
| Construction | 37 | 10.9% |
| Health care and social assistance | 35 | 10.3% |
| Administrative and support and waste management and remediation services | 31 | 9.1% |
| Other services (except public administration) | 27 | 7.9% |
| Finance and insurance | 18 | 5.3% |
| Real estate and rental and leasing | 9 | 2.6% |
| Transportation and warehousing | 7 | 2.1% |
| Manufacturing | 5 | 1.5% |
| Wholesale trade | 5 | 1.5% |
| Arts, entertainment, and recreation | 5 | 1.5% |
| Educational services | 4 | 1.2% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 48362 vs 48360 →
ZIP 48362 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48306
Rochester (48306)
26,691 residents
- 48340
Pontiac (48340)
24,307 residents
- 48348
Clarkston (48348)
23,387 residents
- 48371
Oxford (48371)
23,155 residents
- 48326
Auburn Hills (48326)
20,298 residents
- 48342
Pontiac (48342)
18,407 residents
- 48362
Lake Orion (48362)
15,141 residents
- 48360
Lake Orion (48360)
11,651 residents
- 48359 8,044
Lake Orion (48359)
8,044 residents
What this shows Among its immediate neighbors, ZIP 48362 ranks #7 by population - useful context the national average alone can't give.
ZIP 48362 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48363
Oakland (48363)
$179,375 median income
- 48306
Rochester (48306)
$163,684 median income
- 48360
Lake Orion (48360)
$140,865 median income
- 48370
Oxford (48370)
$131,111 median income
- 48348
Clarkston (48348)
$129,410 median income
- 48362
Lake Orion (48362)
$115,230 median income
- 48371
Oxford (48371)
$111,239 median income
- 48359
Lake Orion (48359)
$93,125 median income
- 48326
Auburn Hills (48326)
$85,190 median income
What this shows By household income, ZIP 48362 ranks #6 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 48360 | Lake Orion, MI | 11,651 | 2.3 mi |
| 48359 | Lake Orion, MI | 8,044 | 4.2 mi |
| 48371 | Oxford, MI | 23,155 | 4.2 mi |
| 48363 | Oakland, MI | 4,978 | 5.5 mi |
| 48326 | Auburn Hills, MI | 20,298 | 7.4 mi |
| 48370 | Oxford, MI | 1,685 | 5.4 mi |
| 48340 | Pontiac, MI | 24,307 | 7.8 mi |
| 48342 | Pontiac, MI | 18,407 | 9.6 mi |
| 48348 | Clarkston, MI | 23,387 | 6.8 mi |
| 48306 | Rochester, MI | 26,691 | 7.4 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 48362, both outside MI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (15,141 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Oakland County
Related Areas
Frequently Asked Questions
What county is ZIP code 48362 in?
ZIP code 48362 (Lake Orion) is located in Oakland County, Michigan. Oakland County contains multiple ZIP codes, see the full list at /counties/oakland-mi.
What is the population of ZIP code 48362?
ZIP code 48362 in Lake Orion, MI has a population of 15,141 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48362?
The median household income in ZIP 48362 is $115,230, which is 51% above the national average of $76,288.
What is the average home value in ZIP 48362?
The median home value in ZIP 48362 is $346,900, which is 25% above the national average of $278,155.
What is the demographic makeup of ZIP 48362?
The largest racial group in ZIP 48362 is White at 87.8%. Hispanic or Latino residents make up 3.5% of the population.
How many businesses are in ZIP code 48362?
ZIP code 48362 has 340 business establishments employing approximately 3,416 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48362?
The top industries by establishment count in ZIP 48362 are: Retail trade (60), Professional, scientific, and technical services (47), Accommodation and food services (45). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 48362?
According to the FHFA House Price Index, home values in ZIP 48362 increased by 7.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 86%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 48362?
In ZIP code 48362, 68.8% of residents aged 25+ have a high school diploma or higher, and 47.1% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 48362?
The mean commute time for workers in ZIP code 48362 is 27.9 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 48362?
In ZIP code 48362, approximately 86.4% of occupied housing units are owner-occupied and 13.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48362?
The poverty rate in ZIP code 48362 is 6.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 48362's numbers, next.
- See how ZIP 48362 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lake Orion, MI ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.