Home Insurance in Orchard Lake Village, Michigan
With a median home value of $737,000, Orchard Lake Village is 114% higher than the Oakland County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Orchard Lake Village was built around 1982. About 19% of homes were built before 1960, about 9 points below Oakland County's 28%.
In Orchard Lake Village, the housing stock is 99% single-family homes and 1% mobile or manufactured homes.
In Orchard Lake Village, about 62% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Orchard Lake Village has an owner-occupancy rate of 97% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
In Orchard Lake Village, 94% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Orchard Lake Village? FEMA's National Risk Index points to tornado (Very High) in Oakland County and Oakland County had 1,433 active NFIP flood policies as of September 2026. See the full Oakland County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $737,000 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 62% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Oakland County | 1,433 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
- Sylvan Lake
- Pontiac
- Walled Lake
- Wolverine Lake
- Bloomfield Hills
- Bingham Farms
- Farmington Hills
- Lake Angelus
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)