Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Walled Lake area can be challenging. Home prices in Walled Lake are now at a median cost of $258,784, higher than the Michigan average of $196,062.
The average cost of rent is $1,469/mo in Walled Lake, primarily driven by the current value of real estate in the Walled Lake area. While nearly 33.43% of residents own their homes outright in Walled Lake, 29.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Walled Lake is $7,162 per month. Households that rent pay about 20.52% of their income on rent here. Walled Lake's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Wolverine Lake, MI: equally priced homes
- Wixom, MI: equally priced homes
- Commerce Township, MI: higher priced homes
- Novi, MI: higher priced homes
- West Bloomfield, MI: higher priced homes
- Orchard Lake Village, MI: higher priced homes
- Farmington Hills, MI: equally priced homes
- White Lake, MI: equally priced homes
- Farmington, MI: equally priced homes
- Milford, MI: higher priced homes
Cities with Similar Populations
- Sonora, CA: higher priced homes
- Germantown, WI: equally priced homes
- Glen Avon, CA: higher priced homes
- Sandy, OR: higher priced homes
- Seaford, NY: higher priced homes
- Semmes, AL: less expensive homes
- Sherrelwood, CO: higher priced homes
- Shorewood, IL: equally priced homes
- Sienna Plantation, TX: higher priced homes
- Sikeston, MO: less expensive homes
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