Walloon Lake, MI is a great place to invest in housing. The median value of homes here is $212,900, significantly lower than the US house median value of $338,100. Moreover, the one year appreciation rate for housing in Walloon Lake is 16.52%, which is much higher than the US average of 8.27%. This makes Walloon Lake an attractive place for those who want to capitalize on a good return on their investment in real estate.
The median home cost in Walloon Lake is $212,900. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Walloon Lake is up 21.4%.
Average Age of Homes
- The median age of Walloon Lake real estate is 45 years old
The Rental Market in Walloon Lake
- Renters make up 17.9% of the Walloon Lake population
- 0.0% of houses and apartments in Walloon 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.