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Wolverine Lake, MI
Full City Profile · Michigan · Oakland County County
3.7
/5.0
B+
Good
4,476
Population
3,552/sq mi density
$88,423
Median Income
$48,917 per capita
$270,400
Home Value
$236,575 Zillow
$1,678
Median Rent
38.6% income on rent
48°F
Avg Temperature
291 sunny days/yr
21
Violent Crime/100K
311 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$88,423 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$270,400 home value, $1,678/mo rent
F
Safety
1.0 / 5.0
21 violent crimes/100K
A
Education
4.0 / 5.0
37.9% bachelor's degree or higher
Housing Overview
Median Home Value
$270,400
4% below
US avg: $281,900
Median Rent
$1,678/mo
44% above
US avg: $1,163/mo
Homeownership Rate
74.6%
14% above US avg (65.4%)
Total Housing Units
2,030
Median year built: 1971
Home Value by Source
Census Median
$270,400
Zillow (ZHVI)
$236,575
Median Sale Price
$421,500
Median List Price
$525,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.6%
Owner-Occupied
25.4%
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:
$1,678/mo
Market Indicators (Redfin)
Median Days on Market
4 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
20.0%
of listings with price reduction
Price Per Sq Ft
$254
Active Inventory
5
homes for sale
Affordability & Housing Stock
Rent Burden
38.6%
of renters spending 30%+ of income on housing
25% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
74.6%
Complete Housing Data
Home Values
| Census Median Value | $270,400 |
| Zillow Home Value (ZHVI) | $236,575 |
| Median Sale Price | $421,500 |
| Median List Price | $525,000 |
| Price Per Sq Ft | $254 |
Rent
| Census Median Rent | $1,678 |
| 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 | 4 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.0% |
| Homes Sold | 3 |
| Active Inventory | 5 |
| Price Per Sq Ft | $254 |
Ownership & Stock
| Owner-Occupied | 74.6% |
| Renter-Occupied | 25.4% |
| Homeownership Rate | 74.6% |
| Total Housing Units | 2,030 |
| Median Year Built | 1971 |
| Rent Burden | 38.6% |