Walled Lake, MI Real Estate
According to census data in the year 2000 there were 3,417 housing units in Walled Lake.
This represents a 18.5% growth from 2,884 in 1990.
Of those housing units, 3,417 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Walled Lake is about 66.7%.
Walled Lake's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.04 people.
The majority of houses, apartments or condos in Walled Lake were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 16.20% |
| Two Bedrooms | 47.60% |
| Three Bedrooms | 30.20% |
| Four Bedrooms | 4.90% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $130,700 |
| Median Price asked for vacant units | $91,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $758 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 10% |
| Simple Mortgage | 63.50% |
| Debt Free | 21.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.6% |
