Walled Lake Michigan Real Estate
Walled Lake, Michigan, is located in Oakland County, 6 miles NW of Farmington Hills, Michigan and 23 miles NW of Detroit, Michigan. Walled Lake has a population of 6,713.
Walled Lake Homes
Walled Lake properties pool is 3,176 residential properties including Walled Lake new homes. Median age of real estate in Walled Lake is 1978. Average Household size is 2.88 people. 3% are one bedroom homes, 51% are 2 bedroom homes, 37% are 3 bedroom homes, 8% are 4 bedroom homes, and 1% are 5+ bedroom homes.
Walled Lake Mortgage Statistics
Walled Lake mortgages vs. USA median statistics
| Homes |
Walled Lake |
USA |
| Homes With No Mortgage |
21% |
30% |
| Homes With Mortgage |
79% |
70% |
| First Mortgage Only |
64% |
54% |
| First & Second Mortgage or HELOC |
15% |
16% |
Walled Lake Area Real Estate Tax
Walled Lake Real estate Tax: Median Real Estate Taxes (2000) were $1,975 comparing to 1999 Median Family income $ 55,613. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Walled Lake School District: Children make up 21.3% of Walled Lake population. Walled Lake has 1,431 under 18 years old residents, or 0.4 kids per one worker, or 0.45 kids per one household.
Walled Lake Real Estate & Walled Lake Homeownership
There are 1302.16 or 41% one person households, 857.52 or 27% two person households, and 571.68 or 18% three person households in Walled Lake, Michigan. Median residents age is 36.8, Senior citizens (65+) make up 803 or 12%% of Walled Lake population.
There are 3,564 workers (over 16 years of age) in Walled Lake. Of these, 96.07% drive to work. Approximately 0.17% of workers in Walled Lake take public transportation. An estimated 2.41% walk to work.
Median Walled Lake homeowner's housing expences are 21.6%
Crime in Walled Lake (2003), crimes per 10,000 residents per year
| Type of Crime |
Walled Lake |
USA, 2003 |
| Violent Crimes |
11.92 |
47.5 |
| Robberies |
4.47 |
14.2 |
| Aggravated Assaults |
2.98 |
29.5 |
| Property Crimes |
251.75 |
358.8 |
| Burglaries |
26.81 |
74.0 |
| Larceny-Thefts |
204.08 |
241.5 |
| Motor Vehicle Thefts |
20.86 |
43.3 |
Invest in Walled Lake Properties
When making a decision about buying real estate in Walled Lake Michigan area, you should consider following statistical data:
| Category |
Walled Lake |
USA |
| Near Medium City |
Farmington Hills, Michigan |
- |
| Near Large City |
Detroit, Michigan |
- |
| Walled Lake Zip Codes |
48390 |
- |
| Walled Lake Area Codes |
248 |
- |
| White population |
95.34% |
75.1% |
| African-American population |
0.73% |
12.3% |
| Asian |
1.7% |
3.6% |
| American Indian & Alaskan |
0.31% |
0.9% |
| Hispanic (of any race) |
1.68% |
12.5% |
| Median Family Income (1999) |
$ 55,613% |
$42,000 |
| Population Below Poverty Level |
4.8% |
12.4% |
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