Foreclosures in Walled Lake, MI

Current Market Conditions in Walled Lake, MI

The Walled Lake real estate market is currently experiencing a steady increase in home values, driven by heightened demand and a limited supply. Buyers are keen on the area due to its great schools and community amenities, resulting in competitive offers on well-priced homes. Living near the waterfront is particularly sought after, making homes near the lakes more valuable.

As families move into the area and investors recognize its potential, the market is becoming more dynamic. Sellers are seeing faster sales with many properties selling close to or above asking price, indicating a robust and thriving real estate environment.

Rent Prices In Walled Lake, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Walled Lake, MI, is on a rollercoaster ride. The average rent price in Walled Lake, MI, is $1,449.00. Indeed, when looking to rent in Walled Lake, MI, you can expect to pay as little as $740.00 or as much as $3,460.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Walled Lake, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.