Living in Walled Lake, Michigan
Cost of living, income, home prices, rent and demographics of Walled Lake · Census data 2020–2024
Walled Lake has 7,299 residents with a median age of 40.4. The median household income is $72,055 (about the same as the Michigan median), the median home value is $224,200, the median rent is $1,419/month.
Walled Lake at a glance
- Population
- 7,299
- Median age
- 40.4State: 40.2
- Median household income
- $72,055State: $72,875
- Median home value
- $224,200State: $231,600
- Median rent
- $1,419/moState: $1,129
- Homeowners
- 62.2%
- Bachelor's degree or higher
- 32.6%
- Average commute
- 24 min
Is Walled Lake a good place to live?
Pros: Home values 3% lower than the state median; an average commute of 24 minutes; unemployment of 4%; a poverty rate of 10.5%.
Cons: Median household income about the same as the Michigan median.
The weather is best in June to September.
Cost of living in Walled Lake
Housing is the biggest part of the cost of living. In Walled Lake the median home value is $224,200, 33% lower than the U.S. median. Renters pay a median of $1,419 per month, which is 31.9% of household income. Homeowners with a mortgage pay $1,634 a month in housing costs.
Walled Lake median household income
The median household income in Walled Lake is $72,055 and the income per person is $50,039. 10.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Walled Lake: homes for sale and rent
- Housing units
- 3,478
- Owner-occupied
- 62.2%
- Renter-occupied
- 37.8%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.20
Walled Lake demographics
- Population
- 7,299
- Median age
- 40.4
- Under 18
- 17.6%
- 65 and older
- 16.9%
- Households
- 3,313
- Foreign-born
- 13.2%
- Veterans
- 3.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Walled Lake ›
Education in Walled Lake
32.6% of adults 25 and older in Walled Lake have a bachelor's degree or higher (Michigan: 32.4%), and 7.9% have a graduate or professional degree.
Jobs and commute in Walled Lake
- Unemployment rate
- 4%State: 5.7%
- Average commute
- 24 minState: 24 min
- Work from home
- 12.3%
- Drive alone
- 81%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 93.5%
Walled Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Walled Lake | 7,299 | $72,055 | $224,200 | $1,419 |
| Wolverine Lake | 4,487 | $92,247 | $288,000 | $2,051 |
| Wixom | 17,295 | $65,485 | $365,200 | $1,035 |
| Novi | 66,717 | $110,723 | $421,900 | $1,747 |
| Farmington Hills | 83,515 | $104,836 | $354,500 | $1,551 |
| Orchard Lake Village | 2,238 | $206,667 | $737,000 | $936 |
| Northville | 6,069 | $145,530 | $465,400 | $1,623 |
| Farmington | 11,504 | $97,750 | $297,200 | $1,340 |
| Milford | 6,487 | $105,713 | $363,700 | $1,173 |
More for people moving to Walled Lake
Walled Lake ZIP code ›Weather and climate ›Living in Walled Lake: FAQ
What is the median household income in Walled Lake, MI?
The median household income in Walled Lake is $72,055, about the same as the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Walled Lake?
The median home value in Walled Lake is $224,200, compared with $231,600 in Michigan.
How much is rent in Walled Lake?
The median gross rent in Walled Lake is $1,419 per month, about 31.9% of household income.
Is Walled Lake, MI a good place to live?
Pluses: home values 3% lower than the state median; an average commute of 24 minutes; unemployment of 4%; a poverty rate of 10.5%. Minuses: median household income about the same as the Michigan median.
What is the median age in Walled Lake?
The median age in Walled Lake is 40.4 years (Michigan: 40.2).
How long is the commute in Walled Lake?
The average commute to work in Walled Lake is 24 minutes; 12.3% of workers work from home.
What is the unemployment rate in Walled Lake?
The unemployment rate in Walled Lake is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Walled Lake?
32.6% of adults in Walled Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: