Housing costs in Walled Lake?
A typical home costs
$277,400, which is 18.0% less expensive than the national average of
$338,100 and 26.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Walled Lake costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 26.2% more than the state average of
$1,100.
Can I afford Walled Lake?
To live comfortably in Walled Lake (zip 48390), Michigan, a minimum annual income of
$53,280 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Walled Lake?
The cost of living in 48390 Walled Lake, MI is quite reasonable. The median home value in the area is $258,300, which is significantly lower than the national average. Renters also benefit from the affordable rates in the area, with a median rent of $1,245 for a two-bedroom apartment. Additionally, groceries and other essentials are relatively inexpensive compared to other areas in Michigan. In general, 48390 Walled Lake offers a reasonably priced lifestyle for both homeowners and renters alike.