Foreclosure Homes in Walloon Lake, MI 49796

Current Market Conditions in Walloon Lake, MI

The real estate market in Walloon Lake is currently experiencing steady demand, driven primarily by buyers seeking vacation homes or year-round residences on the waterfront. Properties near the lake are particularly sought after, leading to competitive listing prices.

There has been a notable increase in interest from out-of-state buyers looking to invest in this idyllic area, further buoying market activity and contributing to rising home values.

Rent Prices In Walloon Lake, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Walloon Lake, MI, is on a rollercoaster ride. The average rent price in Walloon Lake, MI, is $1,630.00. Indeed, when looking to rent in Walloon Lake, MI, you can expect to pay as little as $1,210.00 or as much as $2,380.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in Walloon 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.