Walled Lake Real Estate
17 neighborhoods and communities
Active listings 42
Sold (past 12mo) 159
HFG +4.2%ⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
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Condo Communities(17)
Addington Corners
No active listings
Benstein Crossing
No active listings
Dover Hill
No active listings
Hidden Meadows
No active listings
Kingstowne Manor
No active listings
Lake Village
No active listings
Lake Winds North Condos
No active listings
Lakeside Townhouse
No active listings
Legato Point
No active listings
Maple Crossing
No active listings
Oakbrook Pointe
No active listings
Oakbrook Village
No active listings
Frequently Asked Questions about Walled Lake
How many homes are for sale in Walled Lake?
Walled Lake currently has 42 homes listed for sale. The median asking price is $275,000.
What are home prices like in Walled Lake?
The median sale price in Walled Lake is $275,000, based on 159 closed sales over the past 12 months.
What is the average days on market in Walled Lake?
Homes in Walled Lake sell in an average of 54 days, based on 159 sales over the past 12 months.
What are the best neighborhoods in Walled Lake?
Walled Lake has 17 distinct neighborhoods and condo communities. Of these, 17 are condo communities.
Which school districts cover Walled Lake?
Multiple school districts may serve Walled Lake. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How competitive is the Walled Lake real estate market?
Walled Lake is currently a balanced market, with 3.2 months of supply. That ratio comes from 42 active listings relative to 159 sales per year.
How are property taxes calculated in Walled Lake?
Property taxes in Walled Lake are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Walled Lake?
Based on Census Bureau ACS data, the Household Formation Gap in Walled Lake is +4.2%, indicating stable demographic housing demand. Household size moved from 2.07 to 2.11. HFG is a secondary market indicator reflecting household formation, not a primary market measure.
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