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Walled Lake, MI
Full City Profile · Michigan · Oakland County County
3.4
/5.0
B
Good
7,275
Population
3,292/sq mi density
$67,335
Median Income
$47,240 per capita
$213,000
Home Value
$236,575 Zillow
$1,304
Median Rent
29.3% income on rent
48°F
Avg Temperature
291 sunny days/yr
139
Violent Crime/100K
682 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$67,335 median income, 3.4% unemployment
A+
Affordability
4.9 / 5.0
$213,000 home value, $1,304/mo rent
F
Safety
1.0 / 5.0
139 violent crimes/100K
B+
Education
3.6 / 5.0
31.9% bachelor's degree or higher
Housing Overview
Median Home Value
$213,000
24% below
US avg: $281,900
Median Rent
$1,304/mo
12% above
US avg: $1,163/mo
Homeownership Rate
60.5%
7% below US avg (65.4%)
Total Housing Units
3,508
Median year built: 1979
Home Value by Source
Census Median
$213,000
Zillow (ZHVI)
$236,575
Median Sale Price
$264,500
Median List Price
$239,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.5%
Owner-Occupied
39.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,304/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
38.9%
of listings with price reduction
Price Per Sq Ft
$187
Active Inventory
18
homes for sale
Affordability & Housing Stock
Rent Burden
29.3%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
60.5%
Complete Housing Data
Home Values
| Census Median Value | $213,000 |
| Zillow Home Value (ZHVI) | $236,575 |
| Median Sale Price | $264,500 |
| Median List Price | $239,900 |
| Price Per Sq Ft | $187 |
Rent
| Census Median Rent | $1,304 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 38.9% |
| Homes Sold | 6 |
| Active Inventory | 18 |
| Price Per Sq Ft | $187 |
Ownership & Stock
| Owner-Occupied | 60.5% |
| Renter-Occupied | 39.5% |
| Homeownership Rate | 60.5% |
| Total Housing Units | 3,508 |
| Median Year Built | 1979 |
| Rent Burden | 29.3% |