172nd most affordable of 199 in Metro Detroit
Cost of Living in Walled Lake, MI
A typical home in Walled Lake costs about $1,527 a month, 25.4% of the median household income of $72,055. That makes Walled Lake the 51st most affordable of 56 places in Oakland County and 172nd of 199 across Metro Detroit.
- Median rent a month
- $1,419
- Median home value
- $224,200
- Owner cost with a mortgage
- $1,634
- Of income on housing
- 25.4%
Walled Lake against Oakland County and the metro
| Census median | Walled Lake | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,419 | $1,376 | $1,207 |
| Median home value | $224,200 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,634 | $1,998 | $1,720 |
| Median household income (yearly) | $72,055 | $97,760 | $76,664 |
| Share of income on housing | 25.4% | 20.7% | 22.9% |
Ranked 51st most affordable of 56 in Oakland County. See all 56.
Cost of living near Walled Lake
The towns around Walled Lake, each with its own page.
- Novi Rent $1,747 · Home $421,900 151st most affordable in the metro
- Commerce Rent $2,005 · Home $365,700 118th most affordable in the metro
- Wolverine Lake Rent $2,051 · Home $288,000 163rd most affordable in the metro
- Wixom Rent $1,035 · Home $365,200 182nd most affordable in the metro
- West Bloomfield Rent $2,031 · Home $426,200 115th most affordable in the metro
- Farmington Hills Rent $1,551 · Home $354,500 111th most affordable in the metro
- Orchard Lake Village Rent $936 · Home $737,000 1st most affordable in the metro
- Northville Rent $1,623 · Home $465,400 7th most affordable in the metro
Living in Walled Lake
- Homes for sale in Walled Lake Listings and off-market deals
- Rentals in Walled Lake Houses and apartments for rent
- Walled Lake neighborhoods Every neighborhood on a map
- Walled Lake crime rate From Walled Lake's own police reports
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Walled Lake city guide Pros, homes and city services
Walled Lake cost of living questions
5 questions
Is Walled Lake, MI expensive to live in?
A typical home in Walled Lake takes 25.4% of the median household income, against 22.9% across Metro Detroit, which ranks it 172nd most affordable of 199 places.
What is the average rent in Walled Lake?
The median gross rent is $1,419 a month, rent plus the utilities the renter pays, 18% above the metro.
How much does a house cost in Walled Lake?
Owners put the median home value at $224,200, 10% below the metro. With a mortgage, the median owner pays $1,634 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Walled Lake?
Spending no more than 30% of income on housing, the usual rule, a typical Walled Lake home at $1,527 a month calls for about $61,000 a year. The median household here earns $72,055.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Walled Lake. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.