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Walled Lake Consolidated Schools

Learn about the people, housing, costs and businesses in Walled Lake Consolidated Schools, Michigan

Median Home$360,149
Median Rent$1,659/month
Population110,299
Leading IndustriesArts, Food & Hospitality · Healthcare · Retail11% arts, food & hospitality
Home Value Growth⬆⬆+14.2% over 2 years
Young Adults29% of residentsslightly above average
Homeowners66% of occupied units
NotableHighly Educated28% bachelor's · 13% graduate · top 7% nationally
NotableHigh Incomes$102k/year · top 13% nationally
Walled Lake Consolidated Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Walled Lake Consolidated Schools?

As of today, the 30-year fixed mortgage rate for Walled Lake Consolidated Schools is approximately 6.915% (6.952% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Walled Lake Consolidated Schools?

The median home value in Walled Lake Consolidated Schools is $360k. The median monthly rent is $1,659. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Walled Lake Consolidated Schools?

Home values in Walled Lake Consolidated Schools have increased 14.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Walled Lake Consolidated Schools?

Based on a typical all-in ownership cost of $1,647/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Walled Lake Consolidated Schools is $102k/year.

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What industries drive the economy in Walled Lake Consolidated Schools?

The largest employment sectors in Walled Lake Consolidated Schools are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.