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Wolverine Lake

Learn about the people, housing, costs and businesses in Wolverine Lake, Michigan

Median Home$295,570
Median Rent$1,056/month
Population4,479
Leading IndustriesRetail · Arts, Food & Hospitality25% retail
Home Value Growth+6.8% over 2 years
Young Adults26% of residents
Homeowners87% of occupied units
NotableHighly Educated29% hold a bachelor's degree · top 10% nationally
NotableHigh Incomes$99k/year · top 18% nationally
Wolverine Lake
MI

Frequently Asked Questions

What are today's mortgage rates in Wolverine Lake?

As of today, the 30-year fixed mortgage rate for Wolverine Lake is approximately 6.917% (6.954% 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 Wolverine Lake?

The median home value in Wolverine Lake is $296k. The median monthly rent is $1,056. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wolverine Lake?

Home values in Wolverine Lake have increased 6.8% over the past two years. This represents moderate growth. 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 Wolverine Lake?

Based on a typical all-in ownership cost of $1,387/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wolverine Lake is $99k/year.

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What industries drive the economy in Wolverine Lake?

The largest employment sectors in Wolverine Lake are retail (25%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.