Walloon Lake, MI Housing Statistics

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C+

0%

Med. Home Val. NAT. AVG.

7%

Rent NAT. AVG.

18%

Owner Occ. NAT. AVG.

Walloon Lake Housing Information

Index	Walloon Lake	Michigan	National
Median home price	$326,213	$235,809	$326,622
Median rent asked	$1,542	$1,222	$1,444
Avg. people per household	2.2	2.5	2.6
Owner occupied households	75.2%	70.8%	63.6%
Renter occupied households	24.8%	29.2%	36.4%

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Housing Quick Facts

The median home price in Walloon Lake is equal to the national average.
The median rent asked in Walloon Lake is 7% higher than the national average.
The average number of people per household in Walloon Lake is 16% lower than the national average.
The number of owner occupied households in Walloon Lake is 18% higher than the national average.
The number of renter occupied households in Walloon Lake is 32% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Ponshewaing, MI	32	$0	100%
Bay View, MI	182	$0	100%
Oden, MI	473	$135,844	58%
Vanderbilt, MI	511	$142,813	56%
East Jordan, MI	2,184	$165,901	49%
Walloon Lake, MI	318	$326,213	0%

Cities with similar population

	Population	Home Price	National Avg.
Olar, SC	318	$0	100%
Brule, NE	318	$132,114	60%
Burton, TX	318	$0	100%
Twin Lakes, IA	318	$778,036	138%
Russell, MN	318	$170,443	48%
Walloon Lake, MI	318	$326,213	0%

Source: The Walloon Lake, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.