Multi-family Foreclosures in Walloon Lake, MI

Current Market Conditions in Walloon Lake, MI

The Walloon Lake housing market is currently experiencing a surge in demand, driven by its scenic nature and community-oriented lifestyle. Recently, there has been an increase in home prices due to limited inventory and growing interest from buyers seeking a retreat from urban living.

Many homes in the area have seen value appreciation, particularly those with waterfront views or large lots. The characteristics of the local market appeal to both year-round residents and seasonal visitors alike, creating a unique dynamic that continues to fuel the market.

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.