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Affordable
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These days, finding an affordable place to live in the Wolverine Lake area can be challenging. Home prices in Wolverine Lake are now at a median cost of $309,055, higher than the Michigan average of $250,415.
The average cost of rent is $1,057/mo in Wolverine Lake, primarily driven by the current value of real estate in the Wolverine Lake area. In Wolverine Lake, 13.57% of households rent, and 32.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wolverine Lake is $8,680 per month. Households that rent pay about 12.18% of their income on rent here. Wolverine Lake’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Walled Lake, MI: equally priced homes
- Wixom, MI: equally priced homes
- Commerce Township, MI: higher priced homes
- West Bloomfield, MI: higher priced homes
- Novi, MI: higher priced homes
- Orchard Lake Village, MI: higher priced homes
- White Lake, MI: equally priced homes
- Milford, MI: higher priced homes
- Farmington Hills, MI: higher priced homes
- New Hudson, MI: higher priced homes
Cities with Similar Populations
- Mohegan Lake, NY: higher priced homes
- San Quentin, CA: higher priced homes
- Cockrell Hill, TX: less expensive homes
- Clyde, NY: less expensive homes
- Cloverdale, VA: higher priced homes
- High Point, FL: less expensive homes
- Clinton, WI: less expensive homes
- Saxon, SC: less expensive homes
- Clarksville, VA: equally priced homes
- Clarksville, OH: less expensive homes
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