Home prices
The value of the median home in Walled Lake is $146,900. It is about $187,340 (56%) lower in comparison to its surrounding areas.It is roughly $70,600 (32%) lower in comparison to the US as a whole, and is roughly $97,700 (198%) higher in comparison to the city of Detroit.
Rents
In Walled Lake the median monthly rent is $1,037. In comparison to its nearby areas this is approximately $427 (29%) lower.Compared to the country as a whole it is about $25 (2%) lower, and in comparison to the city of Detroit it is roughly $213 (25%) higher.
Nearby places
Wolverine Lake
Wolverine Lake is Walled Lake's neighbor to the north. The real estate prices there are somewhat more expensive. Wolverine Lake's median home value is $197,000, which comes out to $50,100 (25%) higher than Walled Lake. The rent there is similar. In Wolverine Lake the median rent is $988 a month, which works out to $49 (4%) lower than Walled Lake.
Novi
Novi is Walled Lake's neighbor to the south. Housing prices there are a lot more expensive. The value of the median home in Novi is $322,100, which is $175,200 (54%) higher than Walled Lake. The rent there is a little more expensive. In Novi the median monthly rent is $1,347, which comes out to $310 (23%) higher than Walled Lake.
Wixom
Wixom is roughly 2 miles west from Walled Lake. The housing prices there are a lot more expensive. The median home in Wixom is valued at $249,300, which comes out to $102,400 (41%) higher than Walled Lake. Rent there is substantially less expensive. Wixom's median rent is $745 a month, which is $292 (39%) lower than Walled Lake.
Orchard Lake Village
Orchard Lake Village is about 5 miles northeast of Walled Lake. Real estate prices there are substantially more expensive. The median home in Orchard Lake Village costs $645,500, which works out to $498,600 (77%) higher than Walled Lake. Rent there is a lot more expensive. The median rent in Orchard Lake Village is $3,067 a month, which is $2,030 (66%) higher than Walled Lake.
Farmington Hills
Farmington Hills is approximately 5 miles southeast of Walled Lake. The housing prices there are significantly more expensive. The price of the median home in Farmington Hills is $257,300, which works out to $110,400 (42%) higher than Walled Lake. Its rents are a bit more expensive. The median monthly rent in Farmington Hills is $1,171, which is $134 (11%) higher than Walled Lake.
