There are currently 3,590 real estate properties in Walled Lake, MI, with a median automated valuation model (AVM) price of $240,030.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Walled Lake, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Walled Lake, MI, is $266,235.00, with the most expensive house in Walled Lake, MI, topping out at $8,975,000.00 and the cheapest home in Walled Lake, MI, clocking in at $25,087.00. In other words, there’s something for every potential homebuyer or savvy investor in Walled Lake, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Walled Lake, MI, is on a rollercoaster ride. The average rent price in Walled Lake, MI, is $1,450.00. Indeed, when looking to rent in Walled Lake, MI, you can expect to pay as little as $740.00 or as much as $3,460.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Walled 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.
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