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Home values, rents and more in Walled Lake, MI

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$242,000
Metro: $264,000 · U.S.: $366,000
Home values, past year
+0.5%
Metro: +1.8% · U.S.: +1.2%
Typical rent
$1,605/mo
Metro: $1,514 · U.S.: $1,932
Population
7,299
ACS 2020–24
Median household income
$72,055
Metro: $76,664 · U.S.: $80,734
ZIP codes around Walled Lake, MI, shaded by typical home valueWalled Lake48390
  • Under $350k
  • $350k–$380k
  • $380k–$420k
  • $420k+
  • No data
ZIP codes around Walled Lake, MI, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Walled Lake is outlined.

How Walled Lake compares

The typical home in Walled Lake, MI is worth about $242,000, according to the Zillow Home Value Index for September 2026. Home values in Walled Lake are 8% below the typical value in the Detroit metro area ($264,000) and 34% below the U.S. typical value ($366,000).

Over the past year, home values in Walled Lake rose 0.5%, compared with +1.8% in the Detroit metro area and +1.2% nationally.

Typical rent is $1,605 a month (Zillow Observed Rent Index), 6% above the Detroit metro area ($1,514) and 17% below the U.S. ($1,932).

The median household income is $72,055, against $76,664 in the Detroit metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 7,299 people live in Walled Lake (American Community Survey 2020–24).

Walled Lake has the 38th-lowest typical home value of the 133 cities in the Detroit metro area and the 341st-highest of 686 in Michigan with Zillow figures.

Part of: Oakland County, MI · Detroit metro area · Michigan

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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