Zip 49796 (Walloon Lake, MI) Housing

Housing in Walloon Lake, MI is more expensive than the US House Median Value; with a median value of $555,700, it sits well above the national average of $338,100. Furthermore, the appreciation rate for housing in Walloon Lake is also far higher than the national rate of 8.27%, coming in at 16.52%. This demonstrates that there is strong demand for housing in Walloon Lake and that the housing market remains a lucrative investment opportunity for those looking to purchase homes in this area.

The median home cost in Walloon Lake (zip 49796) is $555,700. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Walloon Lake (zip 49796) is up 21.4%.

Average Age of Homes

- The median age of Walloon Lake (zip 49796) real estate is 47 years old

The Rental Market in Walloon Lake (zip 49796)

- Renters make up 15.8% of the Walloon Lake (zip 49796) population
- 0.0% of houses and apartments in Walloon Lake (zip 49796), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Walloon Lake, Michigan	United States
	272.0	139,647,020.0
	47	42
	$555,700	$338,100
	21.4%	16.6%
	68.6%	57.0%
	98.7%	101.1%
	$10.79	$10.98
	$1,807	$2,690
	48.9%	57.4%
	37.1%	11.2%
	14.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	33.5%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	31.6%	11.3%
	19.5%	13.0%
	22.6%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	12.8%	3.9%
	6.8%	2.2%
	3.8%	0.8%
	3.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.8%	13.6%
	15.8%	13.6%
	2.9%	13.6%
	17.6%	13.2%
	22.1%	14.8%
	2.9%	13.6%
	15.8%	10.0%
	11.8%	4.7%
	13.2%	12.2%

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