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Wolf Lake, MI

Full City Profile · Michigan · Ottawa County County

2.6 /5.0
C+ Fair
4,802 Population 1,357/sq mi density
$49,005 Median Income $21,875 per capita
$99,800 Home Value $206,473 Zillow
$992 Median Rent 37.5% income on rent
49°F Avg Temperature 260 sunny days/yr
2,174 Violent Crime/100K 53,623 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$49,005 median income, 7.4% unemployment
A+
Affordability
5.0 / 5.0
$99,800 home value, $992/mo rent
F
Safety
1.0 / 5.0
2,174 violent crimes/100K (472% above avg)
F
Education
1.5 / 5.0
6.2% bachelor's degree or higher

Housing Overview

Median Home Value
$99,800
65% below
US avg: $281,900
Median Rent
$992/mo
15% below
US avg: $1,163/mo
Homeownership Rate
92.2%
41% above US avg (65.4%)
Total Housing Units
1,581
Median year built: 1971

Home Value by Source

Census Median
$99,800
Zillow (ZHVI)
$206,473
Median Sale Price
$209,000
Median List Price
$365,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

92.2%
Owner-Occupied
7.8%
Renter-Occupied
92%
8%
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: $992/mo

Market Indicators (Redfin)

Median Days on Market
127 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$208
Active Inventory
6
homes for sale

Affordability & Housing Stock

Rent Burden
37.5%
of renters spending 30%+ of income on housing
21% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
92.2%

Complete Housing Data

Home Values

Census Median Value$99,800
Zillow Home Value (ZHVI)$206,473
Median Sale Price$209,000
Median List Price$365,450
Price Per Sq Ft$208

Rent

Census Median Rent$992
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 Market127
Sale-to-List Ratio1.0%
Price Drops33.3%
Homes Sold3
Active Inventory6
Price Per Sq Ft$208

Ownership & Stock

Owner-Occupied92.2%
Renter-Occupied7.8%
Homeownership Rate92.2%
Total Housing Units1,581
Median Year Built1971
Rent Burden37.5%