foreclosure.com

Rent To Own Homes in Walled Lake, MI

Search within map
Addington-dr-Commerce-township-MI-48390
Preforeclosure NEW

2 Bed | 2.5 Bath | 1,361 Sq. Ft.

11 Appleford-st-Walled-lake-MI-48390
Foreclosure
$164,500 List Price

4 Bed | 1 Bath | 1,210 Sq. Ft.

5 Benstein-rd-Wolverine-lake-MI-48390
Preforeclosure
$269,272 EMV

3 Bed | 1.5 Bath | 900 Sq. Ft.

Benstein-rd-Wolverine-lake-MI-48390
Preforeclosure
$269,272 EMV

3 Bed | 2 Bath | 1,264 Sq. Ft.

Displaying 1 - 4 of 4
 

Home Value Estimator For Walled Lake, MI

There are currently 3,598 real estate properties in Walled Lake, MI, with a median automated valuation model (AVM) price of $220,100.00. 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 $245,661.00, with the most expensive house in Walled Lake, MI, topping out at $2,795,000.00 and the cheapest home in Walled Lake, MI, clocking in at $75,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Walled Lake, MI!


Rent Prices 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 $1,461.00. Indeed, when looking to rent in Walled Lake, MI, you can expect to pay as little as $890.00 or as much as $3,230.00, with the average rent median estimated to be $1,400.00. 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.


Foreclosure Homes in Walled Lake, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Walled Lake, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Walled Lake, MI and much more. Save thousands at closing with home foreclosure listings in Walled Lake, MI — up to 75% off market value!


Top Reasons To Live In Walled Lake, MI In 2022

Walled Lake is located in Oakland, Michigan, with an estimated municipal population of 7,134 residents. All of the best foreclosed homes for sale in Walled Lake are located in the following zip code areas on Foreclosure.com: 48390. The estimated population per square kilometer (.62 miles) in Walled Lake is 1,247.


Cost Of Living In Walled Lake, MI

So, about how much do homes cost in Walled Lake? The most recent median value of resident-owned homes in Walled Lake is 143,846. An estimated 54.8 percent of households in Walled Lake own their homes, with an average family size of 2.85. The median household income in Walled Lake is 52,313, with20.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Walled Lake, the median commute time of resident workers (in minutes) is 26.6. And last, but certainly not least, are you looking for homes to rent in Walled Lake? If so, the average rent price paid by renters in Walled Lake is 1,037, according to recent statistics.


Diversity And Demographics In Walled Lake, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Walled Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Walled Lake is 42.2, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Walled Lake is 34.2, with an average family size of 2.85.

The percentage of residents who report their race in Walled Lake is as follows:

White 85.6%
Black / African American 8.2%
Asian 1.6%
American Indian / Alaskan Native 0.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4%
Other 0%

Looking for family-friendly neighborhoods in and/or near Walled Lake? Or maybe you are searching for 55+ active adult communities in and/or near Walled Lake?

The percentage of residents who report their age in Walled Lake is as follows:

Under 10 8.8%
Aged 10-19 11.3%
20s 12.5%
30s 15.8%
40s 12.9%
50s 17.4%
60s 12.7%
70s 5.8%
80+ 2.8%

Best Schools In Walled Lake, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Walled Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Walled Lake.


Pros And Cons Of Living In Walled Lake, Michigan

How do you know that living in -- or moving to -- Walled Lake is right where you need to be? Perhaps you grew up in Walled Lake or already live nearby; therefore, the decision to buy a home in Walled Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Walled Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Walled Lake:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Walled Lake.


Reasons To Move To Walled Lake, Michigan, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Walled Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Walled Lake, meanwhile, can field multiple offers from more qualified buyers.

Walled Lake, MI Rent To Own Homes


Cancel

Listing types in Walled Lake, MI

These money-making opportunities can deliver huge savings on your next purchase.

Remember, we update our listings often so be sure to check back daily!

Foreclosure.com Advantages

Many listings on Foreclosure.com are not found anywhere else. Save thousands on incredible foreclosure deals in Walled Lake, MI. Save up to 62% with deals in Walled Lake, MI.

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

Signup Here
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch, Inc 1999-2022. All Rights Reserved.