The housing market in Walled Lake, MI is fairly strong compared to the US average. The median value of houses in Walled Lake is $211,400, which is significantly lower than the US median house value of $338,100. However, both the US and Walled Lake had a similar 1 year house appreciation rate of 8.27% and 8.00%, respectively. This suggests that the housing market in Walled Lake is keeping up with the rest of the country and seeing steady growth.
The median home cost in Walled Lake is $211,400. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Walled Lake is up 11.2%.
Average Age of Homes
- The median age of Walled Lake real estate is 35 years old
The Rental Market in Walled Lake
- Renters make up 37.7% of the Walled Lake population
- 1.5% of houses and apartments in Walled Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.